China is one of the top importers of agricultural products in the world, but it has non-tariff measures that prevent its imports from growing even larger. Economic theory suggests that a country would import products when foreign prices are lower than domestic prices, decreasing domestic prices and narrowing the...
Global demand for cheaper cuts of beef is expected to increase in the year ahead as rampant inflation and slowing economic growth see consumers trade down, Rabobank says in a newly-released report. And Australia – as one of the largest exporters of beef “trimmings” (the cheaper meat cuts which...
A report from the Rosario Stock Exchange (BCR) reflected the behavior recorded by exports of different Argentine meats during the first half of this year. With regard to beef exports, which will continue to be restricted until December 31, 2023 with the prohibition of marketing the 7 popular cuts...
In Mexico, a drop of up to a third of the livestock inventory has been reported due to the intense drought that they have been experiencing for more than 2 years. This will cause an increase in the cost of beef and, consequently, a reduction in its consumption, as warned...
According to Statistics Canada’s latest livestock report, cattle numbers on Canadian farms are still at low levels following last year’s Prairie drought. As of July 1, 2022, Canadian farmers held 12.3 million cattle and calves on their farms, down 2.8% from last year. Those were the lowest levels recorded...
It could be said that 2021 was a year of regulatory swings for foreign trade in beef. The decrees and resolutions that were modifying the export scheme of the sector generated production and marketing shocks, while, with the passage of time, the local industry was adapting to the new rules...
China has suspended some meat imports from U.S. processing giant Tyson Foods Inc., the country’s customs office said on Monday. The halt affects products from a plant owned by Tyson Fresh Meats Inc., the beef and pork subsidiary, for shipments from Aug. 29, after some pig trotters from the...
Alberta and Ontario fed prices have been moving in opposite directions lately. Ontario fed prices have dropped around $10 per hundredweight from their highs in June, while western Canadian fed prices continue to edge higher, setting new annual price highs last week. Though sale volumes were light, competition on...
he Secretary of Agriculture, Juan José Bahillo, negotiates with the refrigerators a relaxation of the stocks for beef. If a greater opening of that market materializes, this year an extra 100,000 tons could be exported over the projected 620,000, which would mean some US$580 million if the international value of...
Prices of beef in the US, typically among the costliest grocery store purchases, are falling after more than a year of increases, as consumer demand softens for some cuts. Click here to read full note: https://www.thecattlesite.com/news/59107/weekly-global-protein-digest-chicken-big-mac-price-of-beef-falling-in-us/