As demand rebounds, costs begin to fall Tyson Foods surpassed Wall Street expectations for third-quarter revenue and profit on Monday, indicating that demand was rebounding for its meat products, while lower grain prices reduced costs for animal feed, reported Reuters. After sales declined in 2023, Tyson Foods is now starting...
In contrast, strong domestic demand for eggs earlier in recent months reduced the volume available for export. While earlier forecasts for Brazilian chicken meat production and exports in 2024 have been revised downwards slightly, this year is still expected to break previous records. Year-on-year expansion now looks to be...
Se registró un alza importante en los valores del dólar con respecto a la jornada anterior El dólar estadounidense se paga al comienzo de sesión a 19.63 pesos mexicanos en promedio, lo cual implicó un cambio del 2.34% comparado con la cotización de la sesión previa, cuando se situó en 19.18 pesos....
Environmental policies would have made dairy and meat too costly to produce New Zealand’s green credentials are at risk as the government rolls back environmental reforms in a bid to boost a flailing economy and fulfil promises made to its voters, reported Reuters. Since taking power last year, Prime Minister...
Lean hog futures higher on technical trade Chicago Mercantile Exchange (CME) lean hog futures firmed on technical trading and weaker wholesale prices on Wednesday, while live cattle futures ended lower on a day of choppy trade, Reuters reported, citing market analysts. Feeder cattle futures turned higher on support from falling...
However, meat prices increase The United Nations world food price index eased slightly in July according to data released on Friday, with a decline in the index for cereals offset in part by increases for meat, vegetable oils and sugar, reported Reuters. The UN Food and Agriculture Organisation’s price index,...
Lean hog futures also end the day lower Chicago Mercantile Exchange (CME) cattle futures plunged sharply on Friday, with back-month feeder cattle contracts setting new lows, as signs of a weakening US economy spurred market participants to unwind long positions and seek cover, Reuters reported, citing traders. Lean hog futures...
Cattle futures supported by corn futures; hog futures ease Chicago Mercantile Exchange (CME) livestock futures turned lower on Monday, as cattle futures fell on signs of profit taking, a steady cattle cash market and uncertainty about consumer demand for beef this fall, Reuters reported, citing market analysts. CME feeder cattle...
Production not falling as fast as once projected US beef production is in decline as expected for this year, but it is not falling as fast as once projected, according to the most recent CoBank quarterly report. Over the past three months, feeder cattle have stayed in feedlots for longer and...
Beef giant Argentina is changing its game, introducing a new certification scheme that guarantees its European Union meat exports come from sustainable sources free from deforestation. Argentina is already destined to export about 50,000 tonnes of beef annually to the EU, which accounts for 7 percent of its total...