March customs data show increase in wheat and barley imports
Beef imports were 240k tons, down slightly from February, but YTD imports are higher as companies have increased the pace of exports following China’s introduction of yearly quotas to limit beef imports. Pork imports continue to be slower due to domestic oversupply, with YTD imports down 35.3%.
Wheat imports were 490k tons, with the YTD imports up 495%. Corn imports are higher than last year but remain relatively low compared to prev...