Trade Keeps Close Eye On South America Drought

Feb 11, 2022

With the release of the USDA WASDE report this week, there was plenty of talk surrounding the weather in South America.

Dan Basse is President of AgResource Company in Chicago.

"It's one of the worst droughts we can find looking backwards in four decades. Southern Brazil, Argentina have been enduring drought going all the way back now to the middle of November. That drought looks to persist. The forecasts are dry for at least another couple of weeks," he said. "Crop numbers are declining and we would expect USDA and future reports to make those adjustments also. Ultimately, we think there may be another nine million metric tons fall in the Brazilian crop, maybe another three or four in Argentina and two in Paraguay."

Basse says that will add up to about another fourteen million metric tons and that will probably get us close to where we need to be with soybeans trading just below $16 a bushel in Chicago.

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Video: What Happens When Pigs Adapt to High Soybean Meal Diets? - Gustavo Lima

In this special rerun episode of The Swine Nutrition Blackbelt Podcast, Gustavo Lima, PhD candidate in Animal Science at Iowa State University, discusses how grow-finish pigs respond to high soybean meal diets. He explains the initial drop in feed intake, changes in backfat, later adaptation, energy efficiency, amino acid utilization, and the rise in nitrogen excretion at higher inclusion levels. Listen now on all major platforms!

Click here to read the full research article: https://academic.oup.com/jas/article/...

“Once they got adapted to the diet, they can handle higher levels of inclusion of soybean meal.”

Meet the guest: Gustavo Lima / gustavo-lima-a9867127 is a PhD candidate in Animal Science at Iowa State University whose work focuses on swine nutrition, ingredient characterization, energy metabolism, caloric efficiency, and applied data analysis. With more than 15 years of experience in swine production across Latin America, Gustavo also brings expertise in environmental control, performance evaluation, barn ventilation, and grow-finish housing. Learn more from Gustavo Lima on The Swine Nutrition Blackbelt Podcast, available on all major platforms.