Beef export volume was slightly lower year-over-year, but export value climbed by 10%, according to data released by USDA and compiled by the US Meat Export Federation (USMEF). Beef exports reached 103,883 mt in February, down 1% from a year ago, but export value increased 10% to $830.4 million. January-February exports...
After a slow January, beef exports to Taiwan improved significantly in February, climbing 15% from a year ago (and 58% from January) to 5,091 mt, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Export value was $56.3 million, up 36% from a year ago...
Brazil is aiming to become a bigger player in the global meat market, with President Luiz Inacio Lula da Silva personally overseeing the shipment of the first batch of meat products from newly authorized processing plants headed for China. This move aligns with the federal government’s broader strategy to...
The limited supply from cattle farmers and the demand increase from meatpackers now allowed to export beef to China have been leading to a decrease of the gap between fed cattle prices in São Paulo and most regions surveyed by Cepea. Among the 28 areas released daily by Cepea, the...
Chicago Mercantile Exchange (CME) cattle futures firmed on Thursday, bolstered by technical trading and anticipated consumer demand going into the grilling season, Reuters reported, citing analysts. Lean hog futures also turned higher, rebounding from Wednesday’s spate of profit-taking. CME June hogs ended the session up 0.250 cent at 105.800 cents per...
The CETA free-trade agreement between the European Union and Canada is a ‘win-win deal’ for both sides and it has so far been particularly advantageous for French farmers, French Prime Minister Gabriel Attal said during an official visit to Ottawa, according to Reuters. “CETA is a win-win deal,” Attal said...
USDA finalizes rule updating the types of foods that can be purchased through WIC; dairy groups are not happy USDA finalized a rule that updates the types of foods eligible for purchase through the WIC program, a federal initiative supporting low-income women and young children. The aim is to...
Brazilian pork exports (considering all products, including fresh and processed) totaled 91.9 thousand tons in March, reports the Brazilian Animal Protein Association (ABPA). The number is 14% lower than the total shipped in the same period last year, with 106.9 thousand tons. In the same period, revenue generated by...
U.S. pork producers continue to lobby Congress to find a legislative fix for California’s Proposition 12, the law requiring pork sold in California to be raised under strict guidelines. Lori Stevermer, a Minnesota pork producer and president of the National Pork Producers Council says producers don’t want a patchwork...
Cold storage, particularly for red meat and poultry, is an important part of the protein supply chain, with meat in cold storage coming from a variety of sources and used in both domestic and global markets. This Market Intel evaluates USDA-National Agricultural Statistics Survey’s March Cold Storage report, released on...