Export value increased 7% to $1.15 billion Following a solid June performance, July beef exports to Japan reached 22,031 mt, up 14% from a year ago, while export value climbed 16% to $175 million, according to data released by USDA and compiled by the US Meat Export Federation(USMEF). These results pushed...
Low farm gate prices cited as one cause The US Department of Agriculture’s Foreign Agricultural Service post in Wellington, New Zealand forecasts cattle numbers to begin the 2025 Market Year (MY) at 9.56 million head, ending at 9.41 million, according to a recent USDA Global Agricultural Information Network (GAIN) report. These...
Access has been restored for 13 states With the Colombian government recently lifting its ban on US beef originating from states in which H5N1 was detected in dairy cows, the Export Library for Colombia has been updated to reflect restored access for beef from 13 states, according to a recent...
Chicago Mercantile Exchange (CME) lean hog futures closed higher on Wednesday for the first time in six sessions, supported by bargain buying and relative strength in cash hog prices, Reuters reported, citing brokers. CME October hog futures settled up 1.200 cents at 79.750 cents per pound. Cash hog values have been...
Revision needed to avoid hurting Brazilian exports, they say Brazil on Wednesday asked the European Union not to implement regulations in its deforestation law at the end of the year as scheduled and asked for it to be revised to avoid hurting Brazilian exports, reported Reuters. In a letter to...
Chicago Board of Trade (CBOT) corn futures ended higher on Thursday, rebounding from a drop to near two-week lows after the US Department ofAgriculture (USDA) raised its estimate of the US corn crop, Reuters reported, citing traders. Wheat futures closed fractionally lower while soybeans turned up after USDA’s soy figures contained...
Key points • UK imports increased by 9% year-on-year, driven by competitive Irish product.• Robust demand has absorbed year-to-date supplies, which stemmed from imports and higher kill numbers. • H2 supplies are set to reduce, suggesting support for prices as the year progresses. Trade UK beef imports by country (YTD...
Taipei, Aug. 30 (CNA) Beef exports from Kinmen to the island of Taiwan have been temporarily suspended after several cattle in the outlying county contracted lumpy skin disease (LSD), the Ministry of Agriculture (MOA) said Friday. According to the Kinmen County Animal and Plant Disease Control Center, seven out...
This week’s factory quotes for finished beef cattle sees most outlets hold their price offerings at the same level as last week, with the highest price quotes reported last week, still available for this week. Despite this, some processors have taken 5c/kg off their price offerings for this week...
Major Players The US is a major player in the world beef market. Even with a reduced inventory of beef cows, the US is again expected to be the top producer of beef in the world in 2024, with production of just over 12.1 million metric tons of beef...