Cattle futures are falling by triple digits through midday. Fats are down by 0.9% to 1%, with feeders 1% to 1.5% in the red so far. The CME Feeder Cattle Index for 10/17 was up by 27c to $247.10. Analysts are looking for NASS to report an Oct 1...
U.S. beef export sales hit a marketing year low during the week ending October 12th. The USDA says beef sales were considerably below the previous week and the four-week average following a few lackluster sales and several small cancelations by key customers. Pork was sharply higher with solid sales...
US pork exports to Mexico continued to drive toward a new annual record in August. Volume increased 12.5% year-over-year to 91,297 mt, while export value was up 9% to a record-high $211.7 million, according to data released by USDA and compiled by the US Meat Export Federation (USMEF). Through August, exports...
Last week, in its quarterly Livestock and Poultry: World Markets and Trade report, USDA’s Foreign Agricultural Service (FAS) indicated that, “In 2024, EU pork, beef, and chicken meat exports are forecast to account for 15 percent of global exports, marking a significant decline from 20 percent in 2019. In comparison, total Brazil pork,...
The production figure for January to July was also 10% down on the five-year average. The EU Commission’s latest forecast is for pig meat production in 2023 to end the year down 6.6%. Production in all key producing countries has fallen year on year, with the largest declines in...
Poultry meat production has seen tremendous growth in the last 50 years. It’s a wonder of agricultural development. Emeritus professor and statistical analyst Dr Hans-Wilhelm Windhorst witnessed it from the inside and reflects upon these remarkable dynamics. Between 1970 and 2020, global poultry meat production increased from 15.1 million...
South American beef displaces European imports in Canada. WESTERN PRODUCER — Canada still has a trade deficit in beef with Europe, but it is getting smaller.Trade data from Statistics Canada for the first seven months of 2023 shows that Canada exported $16.3 million worth of beef to the EU....
Live export prices to Indonesia are falling, with feeder steers shipped from Darwin fetching around $2.60 a kilogram compared to a peak of $5.50 a kilogram in 2022. It means a 350kg steer which was worth around $1,900 in March last year is now valued at just over $900. The price has not been this...
Consumption of beef and pigmeat will decrease in the EU this year, while consumption of poultry meat will increase, according to the latest short-term outlook of agricultural markets from the European Commission. According to the autumn outlook, published today (Monday, October 9), overall per capita consumption of meat will...
The cattle market traded higher on Thursday. The fats were up by 0.4% to 0.6% with triple digit gains in the April and June contracts. USDA confirmed another solid day of cash trade on Thursday. Southern deals were mostly steady near $182-183, while Northern trades were $1-2 higher near...