Jason Rokey

USDA requests for more information on possible new rules under the Packers and Stockyards Act on price discovery in cattle markets. #beef #marketdata #prices #meat #analytics #data #meatindustry #cattle #markets #protein #ranchers #packers #retailers #foodservice #feedlotoperators #livestock #exports #imports #usda

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#ICYMI: USDA's June acreage report is out. With the early planting challenges, are you surprised by the #corn and #soybean acres reported? Read the full report: https://lnkd.in/gH55G5gX #grow24

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US pork exports are well positioned to set annual volume and value records in 2024, according to data released by USDA and compiled by the U.S. Meat Export Federation. #meatexports #pork #markets https://ow.ly/W7Sm50UnC0h

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Major pork producers, including Hormel Foods, JBS, and Tyson Foods, have invoked a recent statement from the U.S. Department of Justice (DOJ) to support their defense and strike back at allegations that they engaged in unlawful anticompetitive practices by sharing industry data... #antitrust #porkindustry #meatpacking #foodindustry #competitionlaw #anticompetitive #industrydata #collusion

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USDA Grain Stocks Report Sept. Soybeans🫛 🫛🟢#Soybean Stocks: As of September 1, 2024, U.S. soybean stocks are 342 million bushels, a significant increase of 29% from the same period in 2023. The forecast is in line with analysts' expectations, although the analysts’ range was wider than usual (323-443 million bushels). Indicated #Disappearance: For the June-August 2024 period, soybean disappearance totaled 628 million bushels, up 18% from the same period in 2023, reflecting strong demand for both domestic use and exports. #Acreage: The 2023 planted area for soybeans remains unchanged at 83,6 million acres. However, the harvested area was revised down slightly to 82,3 million acres. #Yields: The 2023 soybean yield is estimated at 50,6 bushels per acre, unchanged from the previous estimate, maintaining strong output levels despite the revision in harvested area. #Production: Soybean production for 2023 was revised down by 2,62 million bushels due to updates in harvested area, though yields remain strong, supporting a solid overall supply. #USDA #GrainStocks #SoybeanReport #Agriculture #Farming #CropProduction #SoybeanHarvest #USDAReport #Grain

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Daily news headlines for 12.08.24 🌾 #CBOT Trends - #Wheat down 📉 7-9 cents, #corn 🌽 down 1-3 cents, #soy 🌱 down 5-7 cents. Analysts expect USDA to peg U.S. corn production at 15.112 billion bushels 🌽 compared to its July forecast of 15.100 billion. 🔗 https://lnkd.in/dcZ5khbS 📊 Five #KeyCharts to Watch in #Global #Commodity #Markets This Week 🔗 https://lnkd.in/dXNd4Sy9 🇧🇷 #Brazil's 2024 Second #Corn Harvest is almost finished 🌽, with farmers in the center-south region completing 98% of work in the fields vs 95% w/w and 71% y/y. 🔗https://lnkd.in/dWS2jn58 🇺🇦 APK-Inform has increased its forecast 📈 for #Ukraine's 2024 #grain #harvest 🌾 to 55 MMT from 52.76 MMT, citing larger wheat and corn harvests. 🔗 https://lnkd.in/dKtah-5j 🇺🇦 #Ukraine boosts grain #exports despite intensified #Russian attacks 🇷🇺, with doubled food exports in July to over 4.2 MMT y/y 🌾. 🔗 https://lnkd.in/d8KSgUbH 🇦🇷 #Argentina Oilseed Workers' #Strike nears one-week mark ⏳, affecting terminals located north of Rosario along the Paraná River 🌊, where more than 80% of Argentina's agricultural and agro-industrial exports are shipped 🚢. 🔗https://lnkd.in/dyTYZGuK 🇨🇳 #China to bring in 98.37 MMT of soybeans 🌱 in the marketing year that runs through September 2024. 🔗 https://lnkd.in/dptfpUpa 🇪🇬 15 Suppliers Submit Offers for a huge #Egypt #wheat #tender 🌾. Ukrainian wheat offered the lowest at $244 per metric ton. 🔗 https://lnkd.in/dRJ3WF6R

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Daily news headlines for 15.08.2024 🌾 #CBOT Trends - #Wheat up 📈 3-5 cents, #corn steady due to large supplies and largely favorable 🇺🇸 U.S. crop weather, #soy up 📈 1-3 cents 🔗 https://lnkd.in/drT7F--X 🚀 #Russian missile strike on the 🇺🇦 #Ukrainian port of Odesa is the main factor supporting 🌾 prices 🔗 https://lnkd.in/ddPZ9K-4 🌾 U.S. weekly net sales of wheat for the 2024/25 crop year totaled 399,900 tonnes, up 📈 24% from the previous week but down 📉 6% from the prior four-week average 🔗 https://lnkd.in/dXGwUt_T 🌧️ Rain-soaked 🇫🇷 #French wheat crop showing mixed milling quality 🔗 https://lnkd.in/dE4kYJCV 🌽 #Argentina's 🇦🇷 current 2023/24 corn harvest will likely reach 📊 49 MMT, up about 📈 3% compared to the Rosario grains exchange previous forecast of 47.5 MMT 🔗 https://lnkd.in/dBbqkJKW 🌾 2024/25 #Australia 🇦🇺 wheat production is maintained at 29.4 MMT amid expectations for improved 🌧️ precipitation in the Southeast 🔗 https://lnkd.in/dE4kYJCV 🚢 #OAIC buys 500kt of durum wheat in Oct-Nov tender at 💲 $328-332 per tonne (C&F) for Panamax shipments and approximately 💲 $340 per tonne (C&F) for Handymax. Origin: 🇹🇷 Turkey, 🇷🇺 Russia, 🇰🇿 Kazakhstan, 🇪🇺 EU, 🇨🇦 Canada 🔗 https://lnkd.in/dR2n5x7D 🇵🇭 #Philippines are believed to have bought around 50,000 MT of animal feed wheat expected to be sourced from 🇦🇺 Australia 🔗 https://lnkd.in/dE4kYJCV

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Dive into the latest insights and analysis with our Pork Market Commentary for the week ending April 13, 2024. Discover key trends, prices, and industry updates to make your decisions. #marketanalysis #emeat #market #trends #prices #industry #swine #meatproduction #events #packermargins #livestock #futures #report #comentary

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The Council on Dairy Cattle Breeding moves from 305-ME (mature equivalent) to 305-AA (average age) as the standardized yield estimate for U.S. dairy cows. https://lnkd.in/gNMpsbBY

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The Council on Dairy Cattle Breeding moves from 305-ME (mature equivalent) to 305-AA (average age) as the standardized yield estimate for U.S. dairy cows. https://lnkd.in/gNMpsbBY

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HighGround Dairy's Chart of the Week: CME Spot Barrel Cheddar Price 🧀 Barrel cheese prices have soared in the last six weeks and are on a rocket ship that has the market wondering if prices are headed to the moon or will crash and burn. Since their March 27, 2024 low of $1.42/lb., the market has moved up an astounding $0.64/lb. (45% increase). In May prices have climbed over $0.20/lb., settling at $2.06/lb. on May 14 and 15, their highest price since Nov 2022. Unbelievable. Vats have made less cheese YTD through March (-1% vs. YTD 2023), and manufacturers have changed their product mix, too, favoring non-Cheddar varieties. Both factors have created tightness in the market, particularly for CME specs. While demand for barrels does not seem materially different, supplies are smaller, causing elevated prices. 📝 Stay up-to-date on all things dairy markets by signing up for a 30-day Free Trial: https://hubs.ly/Q02xqxyt0 #HGChartOfTheWeek #Chart #HighGroundDairy #Dairy #DairyProducts #DairyMilk #DairyIndustry #MarketInsights #Cheese #CheddarCheese #BarrelCheddar #CME #CMESpot

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