USDA – Australia: Livestock and Products Semi-Annual
The Australia beef industry is finally showing signs of entering a much-anticipated herd rebuilding phase. This has firmed FAS/Canberra’s 2021 forecasts of lower cattle slaughter, cattle exports, beef production, and beef exports. With a reduced breeding herd and more females expected to be retained for breeding in 2021, overall cattle slaughter is expected to fall for the second straight year. [...]
USDA – Argentina: Livestock and Products Semi-annual
Argentine beef exports in 2021 are forecast at 770,000 tons carcass weight equivalent, 50,000 tons lower than in 2020 on lower slaughter inventory due to negative margins, with overall exports heavily dependent on China's demand and market recovery from covid impacts. Cow-calf operators are benefitting from high calf prices. Domestic beef consumption is at a record low to the benefit [...]
USDA – Brazil: The Brazilian Bovine Genetics Market and US Exports
Bovine semen exports from the United States to Brazil reached a record in 2020, and expectations are that 2021 could be another record year. Brazil is the second largest market for U.S. bovine genetics. Demand for artificial insemination (AI) and high-quality genetics in Brazil is growing by double digits each year, with the cattle sector leading the growth. In recent [...]
USDA – Brazil: Livestock and Products Semi-annual
Post forecasts that the cattle herd will grow at three percent in 2021, and beef production is also forecast to increase three percent, reaching 10.4 million tons Carcass Weight Equivalent (CWE). Post forecasts beef consumption for 2021 at 7.725 million tons (CWE), which is a one percent increase from 2020. Post forecasts a two percent increase in the pig crop [...]
USDA – Brazil: Poultry and Products Semi-annual
Post forecasts chicken production at 14.15 million tons in 2021, growing at a two percent rate due to strong external demand and increased domestic consumption. Consumption for 2021 is forecast at 10.25 million tons Ready to Cook (RTC), growing one percent. Post forecasts that poultry prices will remain elevated in 2021, with strong global meat demand and a relatively devalued [...]
Sidwell Strategies Week-In-Review: USDA Reports Supportive Grains, Bearish Cattle
Howdy market watchers! What a week in the deep freeze it’s been! Midweek, I was thinking that 15 degrees Fahrenheit never felt so good. Finally, the forecasted highs over the coming 10 days are all above freezing. Now, get ready for muddy conditions. In addition to freezing temperatures right at the peak time of spring calving season that resulted in many calves tragically lost, [...]
Trade Commentary
by Peter Karaverdian The Cattle complex is being supported at the moment with a daily swing low that held at 111.55 on January 14th. Still looks strong from here. Not much fundamental out there supporting Live Cattle except the colder blizzards up north in the plains that affects the stock. So, it appears the weather may have slowed the selling [...]
Considerations on the draft law n.º 2.963, from 2019 – Acquisition of rural property in Brazil, by non-Brazilians
On December 15th, the Brazilian Senate approved the previous draft law n.º 2963, from 2019, that regulates the acquisition of rural property by foreigners. Furthermore, this draft law must be analyzed by the Deputy Chambers of Brazil. Even if the Deputy Chamber approves, the Brazilian President will still have the power to interpose, as he already manifested back in December [...]
Sidwell Strategies Week-In-Review: New recent highs to start the New Year!
Brady Sidwell Happy New Year market watchers! What a way to end a decade and welcome in a new. The beautiful snow seemed fitting to cleanse us all from a problematic 2020 for a fresh start ahead. Whatever your resolutions for the New Year, there is little doubt we all now recognize that the impossible can happen. We begin 2021 with a renewed [...]
A brief history of whaling in Brazil: from the ‘Royal Fish’ monopoly to the singularity of large cetaceans as sentient beings
From the next year, the UN Decade of Ocean Science for Sustainable Development (2021-2030) will bring outcomes to expand our perspectives on the current environmental challenges involving the conservation of marine biodiversity and the sustainability of human societies. It seems a very welcome opportunity to dimension the outreach of paradigm shift in human-whale interactions and its repercussions as a cultural [...]
What is happening and as is to come
Heartland Weekend Hedger Commentary 12/20/2020 Last Saturday's Hedger newsletter ended with this. "Here is the bottom line, it is going to be very difficult for any of the grain commodities to move into a downtrend without a switch to a very rainy pattern in South America. The end-user side for demand continues to grow, and a US dollar that’s going [...]
Cattle rally into COF Report, which shows light placements as expected
Alan Brugler - Barchart Mon Dec 21, 7:26AM CST Live cattle futures closed with 2 to 40 cent gains on Friday. December futures gained $1.12 on the day, and $1.72 on the week. Feeder futures ended the day mostly lower competing with corn, Friday losses were 10 to 52 cents in the front months. The CME Feeder Cattle Index for [...]