The 2019 year-to-date crop receipts are now 2,533,410,494 pounds. This is an increase of 11.34% over this time last year. The sold percentage for the industry is currently 79.4%. We are keeping pace with last year’s sales which was 79.5% sold through March.
All in all, this was a very positive report. Record shipments continue to role in, and the total crop size went up very little from last month. In a normal world we would see price increases following this report, but these times are far from normal. With all the uncertainty out there the best that we can hope for is this report will bring some stability to pricing and stop the gradual slide we have seen in recent weeks.
