Prices GB deadweight cattle prices eased slightly heading into November before they grew into the final weeks of the month. The all-prime average price started the month at 478.0p/kg before a slight drop of around 0.2p in the second week. The measure then gained momentum, with an average price of...
Government officials, cattle producers and beef organizations are coming together to oppose the Importation of Fresh Beef from Paraguay, a final rule determined by the United States Department of Agriculture Animal and Plant Health Inspection Service. This rule went into effect Dec. 14 and allows the import of beef from...
Despite the spike in air freight costs, certain exporters continued to export meat at the previously fixed rate of $3.9/kg in March 2023, when freight was even lower at $713/ton. Pakistan is reportedly incurring a monthly loss of $1.5 million in meat exports to the United Arab Emirates (UAE)...
Russia’s government has renewed a quota for imports of beef and chicken meat with lower tariffs from Brazil effective Jan. 1, the South American country’s agriculture ministry said on Friday. Russia will allow 570,000 metric tons of Brazilian beef to enter the country with taxes reduced to 15% from...
As 2023 began, the January 1 inventory data showed that the number of beef heifers calving was down 5.1 percent year over year, to the lowest level since 2011. The question of how the beef cow herd inventory would change would therefore depend on how beef cow slaughter changed...
The beef industry is celebrating good demand as 2023 winds down. Minnesota Beef Council CEO Kelly Schmidt says the year started with momentum. “We’ve had good beef demand for the last number of years really on the consumer end, and we wanted to make sure that we maintained that....
As steaks sizzle on the grill in a steakhouse in Wuhu, Anhui province, a screen on the wall above shows videos of vast grasslands and herds of cattle in Uruguay, where the beef is from. As economic, trade and agricultural cooperation between China and Uruguay continue to deepen, Gabriel...
Compared with other types of meats, beef is also more expensive, so consumers will likely be looking for cheaper animal proteins in a context of high food inflation, the Commission has said. EU beef production is forecast to fall by 1.6% in 2023, continuing its downward trend from 2022....
The U.S. still has plenty of opportunities to ship red meat around the world despite some recent headwinds. That was a key message from John Hinners, senior vice president of industry relations for the U.S. Meat Export Federation (USMEF), during a meeting with members of the Illinois Corn Marketing...
KEY POINTS Plunging pork prices in China are pushing the world’s second largest economy closer to deflation, in what could be another blow to its faltering economy. A pork glut drove retail pork prices in China down 31.8% in November compared to a year ago, the latest official consumer price...