Beef carcass prices dropped 7.65% in July over January Beef availability in Brazil hit record highs in the first semester in the domestic market, according to a recent market report from Cepea. Fed cattle prices indicated this higher supply. However, in the first fortnight of July, the volume of ready-to-slaughter animals reduced...
Australian beef market remains balanced Global beef production is expected to contract in the second half of 2024, providing support to global prices, according to a report by agribusiness banking specialist Rabobank. In its recently-released Global Beef Quarterly Q2 2024, the bank says global beef production for quarter two is...
Turkey has seen a significant decline in livestock inventories Turkiye’s Minister of Agriculture and Forestry, Ibrahim Yumakli, announced the “2024-2028 Livestock Roadmap” in February 2024, following a significant decrease in domestic livestock inventories. These shortages were the result of a sizeable increase in the number of slaughtered female cattle after domestic raw...
Hog futures firm Chicago Mercantile Exchange (CME) live cattle futures hit their highest levels in more than a week on Wednesday, supported by firm cash cattle markets, Reuters reported, citing traders. CME August live cattle futures settled up 1.600 cents at 184.275 cents per pound. Earlier in the session, the contract...
The funding will also be used to expand trade in existing markets The Canadian Cattle Association (CCA) will receive up to $453,364 over 3 years (from 2023-2026) from Agriculture and Agri-Food Canada’s AgriMarketing Program, an initiative under the Sustainable Canadian Agricultural Partnership, according to a press release from the association....
Hog futures turn lower Chicago Mercantile Exchange (CME) feeder cattle futures ticked higher on Monday and live cattle futures ended mostly lower, as the market struggled to find clear direction, Reuters reported, citing traders. Increased demand from meatpackers as well as lower feed prices have kept cash cattle prices higher than...
Production not falling as fast as once projected US beef production is in decline as expected for this year, but it is not falling as fast as once projected, according to the most recent CoBank quarterly report. Over the past three months, feeder cattle have stayed in feedlots for longer and...
The scheme aims to make beef production more sustainable China, the world’s largest beef importer and Brazil, the biggest supplier, will set up a pilot scheme as part of efforts to make beef production more sustainable, Reuters reported, citing state media on Wednesday. Beef is regarded as one of the most...
Hogs mostly down on demand questions Chicago Mercantile Exchange (CME) cattle futures turned lower on Monday, shedding a post-holiday rally on demand concerns and news that beef-loving Argentines are cutting back on buying steaks as the country’s economy slumps, reported Reuters. Meanwhile, CME lean hog futures ended the day mostly...
The FAO Meat Price Index was virtually unchanged The benchmark for world food commodity prices was unchanged in June, as increases in international quotations for vegetable oils, sugar and dairy products offset a decrease in those for cereals, the Food and Agriculture Organization of the United Nations (FAO) reported Friday. ...