China - record corn imports

The USDA has increased its estimate of China’s corn imports for marketing year 2020/2021 to a record 28 MMT. The increase from past estimates is due to continued feed demand and a supply deficit.

New Zealand - milk output increases

Latest milk supply figures from New Zealand show that milk solids output for March is up 8.7% compared with both 2019 and 2020 March supplies. Good weather and high prices are contributing to the increased supply.

USA - factories approved for China

A further 31 meat factories have been approved for exporting to China. US exports to China have been rebuilding since the trade dispute was partially resolved last January.

Argentina - beef exports increase in March

The Institute for the Promotion of Argentine Beef reports that 52,400t of beef was exported in March, an increase of almost 15% on the previous month.