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  • Bearish Market Hog Inventories and Farrowing Intentions
    The USDA’s December Hogs and Pigs report places the December 1 inventory of all hogs and pigs at 75.5 million head, up 0.3% from last quarter and 0.6% year-over-year. The breeding herd decreased by 0.9% from the prior year and is the smallest December 1 breeding herd since 2014. With slightly more hogs than a […]
  • Volatile Biofuels Demand is Reshaping the Price Relationship between Soybean and Palm Oils
    Soybean oil and palm oil, the world's two leading vegetable oils, historically moved together in price. Since 2020, this relationship has broken down, with prices now diverging more frequently and for longer periods. The authors attribute this shift to increasingly regional rather than global shocks, particularly U.S. biofuels policy changes affecting soybean oil demand. Three […]

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