Chicago Mercantile Exchange (CME) live cattle futures closed mostly lower on Monday on technical selling and worries about consumer demand for high-priced cuts of beef, traders said. Most-active CME February live cattle futures settled down 0.7 cent at 152.55 cents/lb. (all figures US$). Deferred contracts also ended lower, but...
The U.S. Meat Export Federation (USMEF) Strategic Planning Conference got underway Wednesday in Oklahoma City, attracting farmers, ranchers, processors and exporters from throughout the nation. While U.S. red meat exports will likely set a value record approaching $20 billion this year, the industry faces an array of obstacles related...
As reported by the Ministry of Agriculture and also the Argentine Foreign Ministry , Mexico announced the opening of its market to boneless and matured beef from Argentina , after 8 years of negotiations and 20 years of closing that market. In addition, he highlighted in the agreement that Argentine refrigerators meet international quality standards. Click here to read full...
As explained by Marcos Pereira, president of the Consortium of Livestock Farmers for Agricultural Experimentation (CEA), the low price of beef worries the producing sector, since this could affect their investments. “We are below the 3 dollars per kilo carcass that we are receiving, last year in this period we...
After growing 12.3% in 2021, North American foreign purchases will reduce their dynamism with increases of 8.5% in 2022 and 0.8% in 2023. The WTO estimates were released Monday as part of its Trade Monitoring Report on Group of 20 ( G20 ) trade measures. This report is framed against a...
The Office of Agricultural Studies and Policies (Odepa) published a new edition of the Meat Bulletin, in which it was noted that beef exports showed a 49% increase in the period January-September 2022, equivalent to a total of 19,684 tons. In its breakdown, and considering the countries of destination of Chilean...
The National Service for Agrifood Health, Safety and Quality (Senasica) informed the Argentine health authority that 22 processing plants are already authorized to export beef to Mexico, the Mexican government reported Thursday. In a statement, the dependency of the Ministry of Agriculture and Rural Development (Sader) indicated that on...
Between 15 and up to 20 percent has been the increase in beef and pork in the central area of the state in 2022, says Oscar Pimentel Ugarte , a butcher businessman. Who details that this increase is due, in large part, to the increase in the cost of raw materials for...
Cattle prices could be headed to record highs in 2023 Brown says that could also mean record high beef prices for consumers. He says he’s watching what that does to demand for US beef on the global market. “Consumers in a lot of other countries are beginning to understand...
The beef business is going through a complex moment due to the impact of the drought , to which is added the exchange delay , withholdings , the increase in production costs , the rise in prices below the inflation rate and the stagnation of the values of the property in the last semester. According to the Argentine Rural Society (SRA) it is an...