Its large domestic market stayed buoyant in the face of crashing world prices, but will not do so for much longer. A major exporter, yet domestically oriented and self-contained, America's avoided most of the past year's global dairy market deflation.

Helped along by export tax cuts, palm oil is undercutting soy oil, bruising the latter's exporter crushing margins and threatening to bring protein meal prices down another notch. Having already fallen below US$3.30/bushel, corn entered the deflationary downtrend first and is approaching its market bottom.

One country's salmon aquaculture embarks on a new round of faster growth while the other sees output taper off. It has been a good year for both Norwegian and Chilean salmon farmers, though the latter had some luck fall their way. Russia's banning of European food products has turned the latter into its salmon supplier of choice.

Amid mounting crop surpluses and a down trending global liquidity cycle, corn and soy fundamentals have not looked this deflationary since last decade's financial crisis. In our August feed crop articles, we predicted that the USDA's inevitable boosting of record yields would tank corn and soy futures as the harvested crops started to come in.

Cattle markets, pastureland weather and industry restructuring trends are working at cross purposes to one other. This is undermining what should be a year of record profits and moving the industry northwards. American beef cattle farmers are a frustrated lot these days. Cattle prices have repeatedly eclipsed their pre-2014 records, sometimes by as much 30%.

For the first time in years, we are seeing low feed costs and high meat prices. Are there any looming threats to livestock farming's new found profitability? After ten years pockmarked by hyperinflation, a succession of new price records and unprecedented market volatility, the world market for feed inputs has entered a new era of more lower, stable prices and reduced volatility.

Late summer USDA reports low-ball crop yield estimates to prevent volatile market shifts. We examine how this year's real yield and harvest numbers will impact prices. Although the USDA boosted its estimated corn crop yield to a record high 167.5 bushels/acre it surprised everyone with its new-found conservatism.

One of the world's most promising meat lines is being held back by protectionist domestic soy farming policies. After increasing production at an impressive 10% annual rate, from a million tonnes in 2000 to over 3.7 million tonnes this year, India's poultry sector is encountering strong headwinds.

With USDA corn statistics painting a picture of bountiful Chinese supplies and domestic corn prices trading nearly three times above CBOT futures, something has to give.

Sagging hog prices, high feed costs, steep losses darken the first half of the year. Beyond late 2014's cyclical upturn, serious challenges loom. In a year of disease decimated hog inventories and record pork prices, China's self-contained swine sector is the odd exception.

Excellent weather, record crop yields imply looming oversupplies of corn and soy. Harvest time will be deflationary but higher costs for land, fertilizer and fuel have jacked up price floors. As this article's title says, barring any unexpected changes in weather, 2014 is turning out to be a perfect year for America's corn and soy crops.

Amid an expected El Nino induced drought that never came, growing Asian and Middle Eastern meat demand and new free trade agreements, Australian beef cattle is entering a secular upswing. It has been a good news-bad news for Australian beef cattle farmers. On one hand, falling feed costs a rainy late 2012 and early 2013 made last year's beef output rise 9.7%.

Output and exports are flat but rising domestic demand, higher prices, low feed costs and falling inventories make US broilers among the most profitable of the world's poultry industries. The red meat sector's misfortunes are proving very fortunate for America's broiler industry. Near record high hog and cattle prices and a PEDv-induced pork shortage are making many consumers substitute poultry in place of red meat.

Policies that favour expensive corn and cheap pork are changing the type of agribusiness inputs that China chooses to import. Although the demand dynamics of China's vast agribusiness market have grown as expected, the feed-to-meat supply chain components appear to be developing in a different manner than was forecast.

Hog rearing, pork processing returns at record highs amid devastated farm inventories and much guesswork over actual output. It has been the best and worst of times for American swine producers.

Thai poultry finally recovers from bird flu just as its aquaculture line falls to a disease outbreak and allegations of cruel slavery. There has been a reversal of fortunes within Thailand's agribusiness supply chain.

Ground level market signals point towards higher US corn consumption, higher feed demand and a shift in acreage towards soy. Three months of excellent US crop growing weather has taken a toll on feed grain prices, with CBOT corn falling approximately 13%, from US$5.00/bushel in the early second quarter, to bottom out near US$4.35/bushel in mid June.

Trade liberalization, improving weather, export-oriented investments promise better days ahead but much market share has been lost to the United States.

Chinese demand and unexpectedly smooth Brazilian logistics lifted soy prices while rainy Southeast Asian weather depressed palm oil. Expect these trends to reverse themselves later in the year.

Exports are near record levels and poised to overtake India within a few years but boosting cattle productivity is essential for long-term success.

Improving profit margins boost output just as China's import demand tapers off. Forward contracts imply that producers have yet to respond to lower prices.

America's corn stocks-to-use ratio plummets even as its share of the world corn market increases. A sharp reduction in US acreage is to be counterbalanced by much higher crop yields and world exports are supposed to fall 5%. Can bearish market assumptions really be sustained?

Improving trade market access, America's PEDv epidemic and Canada's inability to bridge the supply gap promise better days ahead -if PEDv does not strike.

Corn cultivation, feed demand and meat consumption have all taken off. Shaky statistics cannot hide the country's growing appetite for chicken and pork, but it is not clear if domestic feed inputs can keep pace.

Caught between years of underinvestment, unfair US trade laws and PEDv, Canada's pork output and exports are poised to stay flat.

An early year drought is counterbalanced by low corn prices and the availability of discounted shipments rejected by China.

Amid a PEDv epidemic, high prices and falling feed costs, returns are high as output and exports top out.

China's import binge overwhelms explosive supply growth to sustain prices amid falling feed costs. Supply-side increases peter out amid slackening demand and a problematic weather forecast.

Competition intensifies, consumption and exports falter as industry consolidation takes off.

Growing twice as quickly as meat demand itself, supplements are an agribusiness innovation locus keynoted by sustainability, innovation and a profound need to transform how we farm livestock.