On Tuesday, Argentina announced a 15-day ban on beef exports in an effort to moderate prices amid surging inflation and a steep devaluation of the peso. In June 2023, the annual inflation rate in Argentina stood at 115.6%, the highest level since 1991. Monthly inflation was 6.3% in July...
The major beef producer has tightened control over the central bank after a surprise primary win by a right-wing populist candidate. Argentina announced it was freezing all beef exports for the rest of the month on Tuesday (August 15), less than a day after the government took drastic steps...
Argentine officials walked back a temporary ban on beef exports on Tuesday just hours after rolling it out as the fallout from an abrupt currency devaluation is zigzagging emergency policy decisions. The policy uncertainty comes after a stunning primary election Sunday night when outsider candidate Javier Milei won the...
The USDA has decreased its 2023 production projections for most major proteins. Beef production is seen at 26.981 billion pounds, 180 million below July, due to lighter dressed weights for steers and heifers, with an average steer price of $178.50 per hundredweight, $3.20 higher, steady exports and lower imports...
The figures are in for the first half of 2023 and meat production is continuing the trend of steep annual decline in Germany. Compared to the first six months of 2022, production in the federal republic has dropped by 5,9 percent. German meat production on the continued decline Meat production has...
The July beef export data was released last week, and Australian beef exports continue to tick along at strong levels. The year-on-year shifts in beef export destinations make for some interesting reading, with the timing of our increase seemingly fitting nicely with a decline in US slaughter. In July,...
You’ve likely noticed it at the grocery store and on social media: beef prices are high, but pork prices are low. Using a few products from a Stats Canada chart as examples, the average price for beef top sirloin, across Canada, was $21.43 per kilogram in June, compared to...
A livestock economist says market conditions and lack of efficiency contributed to a couple of major meat processors recently announcing the closure of several facilities across the U.S. University of Missouri’s Scott Brown says broiler returns are currently 60% of year-ago levels. “Lower chicken prices, especially at the wholesale...
Pork exports 14% above last year’s pace at 1.47 million metric tons; beef exports 10% below last year at 669,176 mt. U.S. pork exports concluded an excellent first half with another strong performance in June, according to data released by USDA and compiled by the U.S. Meat Export Federation....
ENNESSEE COLONY, Texas, Aug 10 (Reuters) – The brown and black cattle of Texas, beloved symbols of the Lone Star state, walk through desiccated grass and stand in shrunken watering holes while their ranchers struggle to get them enough food. For the second summer in a row, drought and extreme heat are stressing...