In this file:

 

·         Rising feed costs hit pork industry

·         The U.S. may import soybeans to address domestic supplies

 

 

Rising feed costs hit pork industry

 

SouthernMinn.com

Feb 18, 2021

 

Production costs will take a large bite out of any profitability in the hog market this year.

 

Steve Meyer, an economist with Partners for Production Agriculture, said rising grain costs are attempting to put the brakes on any momentum in the hog market.

 

“Corn and soybean meal prices have been on a rocket,” he said during a marketing outlook webinar hosted by the National Pork Board Feb. 9.

 

Meyer said China has been the driving force behind higher prices as it rebuilds its sow herd. He said a ban on garbage feeding and the switch to a grain-based swine diet has also boosted imports into China.

 

Meyer said soybeans could supply the real firepower...

 

more

https://www.southernminn.com/around_the_web/business/article_b3db1bdc-cec6-5cc9-aeaa-e7d17b0acaf1.html

 

 

The U.S. may import soybeans to address domestic supplies

 

By Amie Simpson, Brownfield

February 18, 2021

 

USDA Chief Economist Seth Meyer says the U.S. may import soybeans to address tight domestic supplies this year. 

 

“We may end up importing some— a small amount of this – but there are probably at some time very specific reasons for folks to want to do that in terms of establishing relationships with other folks should they need to import,” he says.

 

He says it’s not uncommon for the U.S. to import small amounts…”we often import small amounts of these products but at 90 million acres, under normal weather, it’s not something we’re going to have to do a lot of,” he says...

 

more

https://brownfieldagnews.com/news/the-u-s-may-import-soybeans-to-address-domestic-supplies/