Lean hog futures firm on technical trade Chicago Mercantile Exchange (CME) lean hog futures ticked up on technical trading on Wednesday, while cattle futures were mixed to lower, Reuters reported, citing analysts. Cattle futures were under pressure with little fresh news and lowering demand from consumers, said Karl Setzer, partner at...
Beef exports up 13.4% from 2023 Brazil’s beef production is expected to reach a record 10.19 million metric tons in 2024, Reuters reported, citing national crop agency Conab on Thursday, a 7.1% year-on-year increase that would eclipse the current all-time high set in 2006. Beef exports from the South American country are seen...
The authorisations are valid for 10 years On 2 July, the European Commission authorised two genetically modified maize crops and renewed the authorisation for another genetically modified maize crop for food and animal feed, according to a news release from the Commission. The Commission’s authorisation decisions only allow these...
In total, 13 semi-finalists were announced On Monday, the Lawrence MacAulay, Canada’s Minister of Agriculture and Agri-Food, announced 13 semi-finalists, under the Agricultural Methane Reduction Challenge, who are working to advance economically viable and scalable practices, processes, and technologies designed to reduce enteric methane emissions produced by cattle, according to...
Prices for pork, beef, dairy and poultry are falling China plans to implement measures to help dairy and beef producers limit production to prevent prices from falling further, Reuters reported, citing an agriculture official on Wednesday, adding to existing rules on pork producers as meat consumption declines. The prices of pork,...
ABPA praises the government’s decision The Brazilian Animal Protein Association (ABPA) and poultry and pork food producers celebrate the historic decision to regulate the Tax Reform with the inclusion of meat in the Exempt Basic Basket, following a vote that took place recently in the Plenary of the Chamber of...
Lean hog futures settle up Chicago Mercantile Exchange (CME) nearby live cattle futures ended higher on Friday, amid technical trading ahead of a monthly government cattle supply report, Reuters reported, citing analysts. Feeder cattle futures closed lower. Lean hogs firmed on renewed trade tensions between China and the EU, traders...
Beef carcass prices dropped 7.65% in July over January Beef availability in Brazil hit record highs in the first semester in the domestic market, according to a recent market report from Cepea. Fed cattle prices indicated this higher supply. However, in the first fortnight of July, the volume of ready-to-slaughter animals reduced...
Australian beef market remains balanced Global beef production is expected to contract in the second half of 2024, providing support to global prices, according to a report by agribusiness banking specialist Rabobank. In its recently-released Global Beef Quarterly Q2 2024, the bank says global beef production for quarter two is...
Turkey has seen a significant decline in livestock inventories Turkiye’s Minister of Agriculture and Forestry, Ibrahim Yumakli, announced the “2024-2028 Livestock Roadmap” in February 2024, following a significant decrease in domestic livestock inventories. These shortages were the result of a sizeable increase in the number of slaughtered female cattle after domestic raw...