Support for hog prices will be mostly through exports, with important demand increases coming from China.
USDA projects record livestock production with improved trade outlook and low feed costs.
Mexico continued to be largest U.S. broiler export market in terms of volume while Cuba became second-largest.
Soybeans also climb higher from a week ago, while wheat slips slightly.
Country urging resumption of farm sales and livestock production to help farmers weather coronavirus impact.
Final 2019 exports net 13% under 2018 record to end at 1.47 billion gal.
IFIC survey discovers nearly half of consumers surveyed have tried a plant alternative to animal meat.
Retailers continue to drag their feet on offering egg producers contractual promise to ensure they’ll be compensated fairly for cage-free transition.
USDA forecasts China’s 2020 pork production to fall more than 33% from 2018 levels.
A weekly roundup of prices for select dairy and specialty livestock markets.