Quality of beef available to the consumer has never been better. While the overall pace of inflation has shifted to more normal levels since last summer, food prices are still increasing. The 2024 Rabobank BBQ Index, which measures the cost of staple ingredients for a 10-person barbecue, puts this...
April exports of U.S. pork reached the highest volume and value since May 2021, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). It was also a robust month for U.S. beef exports, which were the largest in 10 months and valued at...
US consumer prices were unchanged in May The price of a July Fourth cookout will be 5% higher in 2024 than the previous year, Reuters reported, citing a survey from the US Farm Bureau released this week. The farmer and rancher organization said an Independence Day cookout for 10 people will...
Saudia Arabia may import 200,000 tonnes of red meat Saudi Arabia has expressed interest in importing 200,000 tonnes of red meat and one million tonnes of soybeans annually from Nigeria, as the African country seeks trade to earn dollars, Reuters reported, Nigeria’s Agriculture Minister Mohammad Abubakar said on Thursday. Abubakar said...
Hog futures turn lower ahead of USDA hog-pig report Chicago Mercantile Exchange (CME) lean hog futures turned lower on Thursday, ahead of a quarterly government report that many traders had predicted would show that US farmers had a slightly larger hog herd, Reuters reported, citing traders. Hog futures pared Wednesday’s gains...
August hogs close higher Chicago Mercantile Exchange (CME) feeder cattle futures turned lower and live cattle were mixed on Friday, as traders squared positions ahead of a closely-watched monthly feedlot report and anticipated smaller cattle placements, Reuters reported, citing traders. But after markets closed, the US Department of Agriculture reported...
Hot, dry weather forecast for Russia, Ukraine in coming months Forecast dryness in the Black Sea region’s breadbasket is likely to stunt sunflower and corn yields, while heavy rain in the US after near-record temperatures threatens to take a toll on crops, squeezing world supplies and pushing prices higher, reported...
The activity of biting midges that spread the virus has increased With recent warming weather, and average daily temperatures being consistently above 12°C, bluetongue virus (BTV) transmission is now possible in high-risk counties, according to a press release from the Ruminant Health & Welfare group. Chris Sanders, Research Fellow in Veterinary...
China has banned meat exports from a West Coast cold storage facility near the Port of Oakland after traces of the feed additive ractopamine were found in beef shipments. The Food Safety and Inspection Service said that Chinese customs workers detected the feed additive that’s banned by more than 150 countries....
SINGAPORE, June 17 (Reuters) – Pork suppliers from South America and the U.S. could gain market share in China if Beijing restricts imports from the European Union in response to escalating trade tensions, traders and analysts said. Russia, increasingly a close trading partner of China that started exporting pork to China...