With China projected to be the global leader in foodservice growth through at least 2026, the U.S. Meat Export Federation (USMEF) is accelerating efforts to expand U.S. beef utilization in targeted restaurant segments and markets in China. With funding support provided by the Beef Checkoff Program and USDA’s Market...
Sen. Mike Rounds is leading an effort to overturn a decision by the Biden administration allowing beef imports from Paraguay. Rounds is joining Democratic Sen. Jon Tester of Montana in filing a Congressional Review Act resolution to halt the action. The U.S. implemented a ban of beef imports from Paraguay in 1997 due...
AUSTRALIAN beef exporters have started loading frozen beef and offal consignments for Indonesia this week, following the issuance of 2024 import permits by the Indonesian Government on Thursday. There have been lengthy delays in permit access for agricultural trade into Indonesia this year, for a range of commodities. Live...
April lean hogs settle down Chicago Mercantile Exchange (CME) live cattle futures crept higher on Monday on expectations that US supplies will continue to tighten, Reuters reported, citing analysts. The country had 11.8 million cattle on feed for the slaughter market on Feb. 1, down from 11.9 million a month ago but up...
The Agriculture and Horticulture Development Board (AHDB) has announced that red meat exports from the UK in 2023 were worth £1.7 billion, which it said was “largely driven by strong demand for UK lamb” on international markets. Full year figures from HMRC showed that in 2023 red meat exports,...
When it comes to importing fresh beef carcase, there are several countries that stand out as top import markets. According to the latest data from the IndexBox market intelligence platform, the following are the top-10 countries in terms of import value of fresh beef carcase in 2022: 2. Netherlands...
The protracted conflict in Ukraine cannot keep food prices rising perpetually. Costs have started receding in the global market, as well as in several advanced economies. But food inflation persists in many developing countries, largely due to domestic challenges that go beyond the Russian invasion. As Russia’s invasion of...
Prices GB deadweight prices for both cow and prime cattle increased week on week in January, with overall higher prices than December. The all-prime average price for January (490.6p/kg) matched figures seen back in Spring 2023. Prices began the month at 487.2p/kg, climbing slightly for the first three weeks, before ending...
The U.S. is at its lowest number of beef cattle since 1951, reducing available exports. “Tremendous” trade volume continues with a neighboring country, while exports increase in others. After a “phenomenal” 2022 in beef cattle exports, 2023 finished about 15% off, a downward trend Don Close, Terrain Ag senior...
With your Southeast Regional Ag news, I am Haylie Shipp. This is the Ag Information Network. Today we are wrapping up a 3-day discussion with Dean Meyer, past chair of the U.S. Meat Export Federation. As a group, USMEF continues to navigate the global trade landscape by implementing a...