The feeder cattle market has really flexed its muscles as we have moved through summer. The October CME© feeder cattle futures contract has increased by more than $10 per cwt since May and this can been seen in the market for heavy feeder cattle. Heavy feeders typically make their...
During the first half of 2022, beef exports exceeded 80 million dollars, a value close to the 98 million reached throughout 2021. According to the livestock sector, it is possible to improve both production and exports, as long as the authorities guarantee legal certainty and free transit through the...
The motion, sponsored by Senators Karim Bianchi, Juan Luis Castro and Francisco Chahuán, regulates the production, labeling and marketing of marinated meats. The authors of the project point out that in Chile the consumption of meat per capita is around 80 kilos a year, a figure that is among...
Australian grinding beef prices into the US are currently at their lowest level in a year when measured in Aussie dollar terms, as the drought-afflicted US beef industry last week notched up its largest weekly kill for the year. Prices for 90CL imported grinding cow beef last week and...
The livestock industry continues to watch U.S. and China relations, and what it could mean for beef exports to China. In his “In the Cattle Markets” column for the Livestock Marketing Information Center, University of Nebraska Extension livestock economist Elliott Dennis says the issue has been of increased concern...
China is one of the top importers of agricultural products in the world, but it has non-tariff measures that prevent its imports from growing even larger. Economic theory suggests that a country would import products when foreign prices are lower than domestic prices, decreasing domestic prices and narrowing the...
Global demand for cheaper cuts of beef is expected to increase in the year ahead as rampant inflation and slowing economic growth see consumers trade down, Rabobank says in a newly-released report. And Australia – as one of the largest exporters of beef “trimmings” (the cheaper meat cuts which...
A report from the Rosario Stock Exchange (BCR) reflected the behavior recorded by exports of different Argentine meats during the first half of this year. With regard to beef exports, which will continue to be restricted until December 31, 2023 with the prohibition of marketing the 7 popular cuts...
In Mexico, a drop of up to a third of the livestock inventory has been reported due to the intense drought that they have been experiencing for more than 2 years. This will cause an increase in the cost of beef and, consequently, a reduction in its consumption, as warned...
According to Statistics Canada’s latest livestock report, cattle numbers on Canadian farms are still at low levels following last year’s Prairie drought. As of July 1, 2022, Canadian farmers held 12.3 million cattle and calves on their farms, down 2.8% from last year. Those were the lowest levels recorded...