Averaging in the mid $170s per hundredweight for the past seven weeks, fed prices continued to hover near annual highs last week. For the second half of July, this is the second highest price on record. Despite historically strong prices, feedlot margins remain in the red. Based on the...
Red meat farmers are set to get good returns this year, as beef and lamb markets remain strong amid global uncertainty. Westpac is forecasting farmgate beef and mutton prices to hit $7/kg and the farmgate lamb price to exceed $10/kg this season. Ckicn here to read full note: https://www.nzherald.co.nz/the-country/news/nz-beef-and-lamb-markets-remain-strong-despite-global-uncertainty-westpac-report/M57FZRNQUYQ6MR75ERPI4E6DLE/
Chihuahua.- Due to the drought, inflation, exponential increase in input tariffs and the continuity of the average price abroad for a decade, the livestock sector faces the loss of an average 40 percent of the export livestock herd. Click here to read full note: https://www.eldiariodechihuahua.mx/local/sequia-e-inflacion-bajan-exportacion-de-ganado-20220727-1955422.html
Extreme drought conditions sweeping large parts of the United States have serious implications for the Australian beef industry for at least the next year, participants in a recently-returned Nutrien livestock staff tour of North America found. Click here to read full the note: https://www.beefcentral.com/news/devastating-us-drought-has-strong-implications-for-australian-beef-industry-video/
A market that Brazilian meat exporters have been targeting for a long time, Japan said it is currently “working with the technicians responsible for the quarantines in Brazil and the Asian country in the process of releasing Brazilian meat imports.” Click to here read full note: https://rurales.elpais.com.uy/region/brasil-espera-la-apertura-de-japon-para-carne-bovina
The latest market commentary from Quality Meat Scotland (QMS) issued a sharp reminder to producers not to assume they will be better off at current market prices. Commenting on the trend in the cost of farm inputs, Iain Macdonald, senior economics analyst at QMS said: “While the price of...
The governments of Uruguay and China began formal contacts in Montevideo for the negotiation of a free trade agreement despite the legal impediments of Mercosur and the resistance of its members. Among them, Argentina. Click here to read full note: https://www.perfil.com/noticias/modo-fontevecchia/uruguay-avanza-hacia-el-tratado-de-libre-comercio-con-china-modof.phtml
South Korea banned Canadian beef imports from December of 2021 until January 19, 2022, due to an atypical BSE case found in an Alberta cow. January volumes were down 41 per cent from last year but rebounded strongly in February. March and April then both saw record-high numbers of...
Protesters last week shut down operations at the Port of Oakland over a new trucking regulation that would limit independent operators. The protesters not only blocked cargo, but port workers also refused to cross truckers’ picket lines. A prolonged shutdown could have a dramatic impact on U.S. red meat exports and ag exports as a whole, U.S....
Two years after its formation in the midst of a pandemic, the Mexico United Animal Protein (MUPA) group has continued its work focused on promoting the consumption of different types of meat (pork, beef, chicken) and eggs, Ernesto assured. Hermosillo Seyffert, president of the Mexican Meat Council (Comecarne), and who has...