Mexico news — Vesper

Fewer pounds, more dollars in US milk powder exports

US NFDM and SMP exports fell 6.3% in January to July while their value rose 7.9%. Production is climbing, but the product mix is turning toward home.

Beef packers flip to profit while feeders take the loss

The choice cutout has averaged below year-ago levels for 12 straight weeks, and packer margins swung from $250 a head in the red to $150 in the black.

NFDM domestic demand jumped 178% in Q1 as US dairy markets diverge

The CME spot call closed mixed as the complex absorbed a stronger dollar and the US-China summit, with blocks down 6 cents and barrels down 3, both to $1.57.

European cheese prices rise as Q3 buyers return

European cheese prices have moved higher over two weeks, but in stops and starts, as fresh spot and Q3 demand lifted a market that had been drifting lower.

US broiler exports slip in early 2026 with domestic dark meat demand providing support

US broiler exports started 2026 muted, with February shipments just under 524 million pounds, 4.3% below last year and cumulative volumes down 1.1%.

Sugar prices edge higher on crude oil rally, but fundamentals stay soft

Sugar moved modestly higher on a sharp rise in crude oil rather than any change in supply and demand, with gains trimmed once ceasefire talks emerged.

WPC80 shortage intensifies with producers in control of pricing and allocation

Global whey protein concentrate 80 market reaches critical tightness with structural shortage affecting all whey products. Producers control pricing as domestic

Soybean prices jump on China trade talks and U.S. crush demand

CBOT soybeans surged to 1,115 cents a bushel from 1,068 on US-China trade progress, new 45Z biofuel rules and strong December domestic crush demand.

U.S. Treasury's 45Z guidance tilts biofuel policy toward North American crop oils

New 45Z guidance restricts eligible fuels to US, Canadian and Mexican feedstocks and removes ILUC penalties, lending support to CBOT soybean oil prices.

U.S. broiler production forecast at 1.5% growth for 2026

US broiler production is projected at 48.7 billion pounds in 2026, up 1.5%, a downward revision from 2.1% after LEAP analysts adjusted their weight assumptions.

US beef cattle on feed placements decline 5.4% in December as margin pressure weighs

December cattle on feed placements fell 5.4% to 1.55 million head, as feedyards under margin pressure cut back on sourcing replacement stock.

US cattle placements projected to decline 4.9% in December amid border restrictions

December cattle placements are projected at 1.56 million head, down 4.9% year on year, as Mexico border restrictions and weak feedyard margins weigh.

Trump's tariff plans create tight timeline for US importers

Trump has announced 25% tariffs on Mexico and Canada plus 10% on China from January 20th, leaving US importers a tight six-week window to prepare.

Beef grading reaches record highs as choice-select spread narrows

Cattle grading performance has reached all-time highs for the season, with prime near 12.8% and choice at 73.2%, while the choice-select spread narrows.

US wholesale beef prices drop nearly $9 as demand weakens beyond seasonal norms

US choice cutout prices fell nearly $9 last week with spot trade pointing to another $10 drop, a decline running well beyond the usual seasonal pattern.

US dairy markets fall through support levels as milk oversupply weighs on prices

CME butter fell through the $2/lb support level in a bearish week, as milk production up 3.45% year on year keeps expanding the pool and crushing prices.

Trump tariffs begin in India, with rice, dairy, and tea amongst products impacted

US tariffs of 50% on most imports from India kick in today, affecting key commodities like basmati rice, spices, pulses, tea and dairy.

China UCO exports rise as US policy limits biodiesel feedstock imports

Chinese UCO exports jumped to 262,000 mt in June while US imports plummeted to 93,524 mt following new biofuel credit policies.

Core reason U.S. beef production won’t rebound until 2027

Learn why U.S. beef production won't rebound until 2027, what's driving the delay, and how procurement teams should strategically prepare.

What a 50% US tariff could mean for Brazilian orange juice, coffee, and beef trade

US President Donald Trump’s threat to impose a 50% tax on all Brazilian exports could significantly affect global supply and pricing.

US dairy markets stabilize as tariff extension removes immediate trade pressure

US dairy markets stabilize after tariff extension as heat wave impacts supply. Weekly analysis of CME trading, butter prices, and divergent export trends.

Biodiesel markets stabilize as "Big Beautiful Bill" reshapes North American feedstock trade

US biofuel law limits feedstocks to North America, challenging Chinese UCO and Brazilian tallow suppliers. LSGO rises $18/mt. Get Vesper's analysis.

US dairy markets rally across all products as July 4th legislation drives optimism

US dairy prices surge across all CME products as new congressional legislation boosts markets. Butter and cheese hit production records in May data.

Biodiesel markets show mixed signals as geopolitical tensions support LSGO prices

FAME0 and UCOME rise on higher LSGO prices while RME drops on harvest pressure, with German HVO demand expected to quadruple this year.

Biodiesel markets caught in regulatory whirlwind as policy uncertainty deepens

Washington's tariff reversals create biodiesel market paralysis. Congressional incentives pending while feedstock flows shift.

US dairy markets show strength amid VUCA environment as Butter prices surge $0.16/lb

US dairy markets rally as butter prices surge $0.16/lb following unexpected cold storage data. NFDM and dry whey gain on weak dollar.

Global vegetable oil markets disrupted by Trump's 10-50% tariff policy: Palm, Soy, Rapeseed, and Sunflower Oil impacts

Trump's 10 to 50% tariffs are rippling through global vegetable oil markets. What palm, soybean, rapeseed and sunflower oil buyers need to know right now.

Trade wars trigger global vegetable oil price decline: Vesper's week 10 market analysis

Trump's tariffs drive global veg oil prices down despite tight Malaysian palm stocks. Bearish outlook for palm oil through 2025.

Global Palm Oil Prices Slide Amidst Recovering Production and Export Challenges

Explore the decline in global palm oil prices due to increased Malaysian production and reduced exports, impacting stock levels.

Impact of O.N.I.L. volumes on global SMP market

Algeria's O.N.I.L has tendered for SMP and WMP delivery between June and September. How the volumes are landing on an already bearish global SMP market.

USA/World: Biden ready to resolve WTP stalemate?

Washington is ready to deepen engagement with WTO members on dispute settlement reform, the new US ambassador told the Dispute Settlement Body in Geneva.