In its monthly Livestock, Dairy, and Poultry Outlook report this week, USDA’s Economic Research Service (ERS) indicated that, “Although fourth-quarter pork exports had a solid finish—shipments of almost 1.7 billion pounds were about 1.6 percent higher than a year earlier, mostly on the strength of year-over-year larger shipments to Mexico and China—total...
The three major trends to monitor for cattle and hog operations include: Prices continue the last two years’ growth trend for cattle and hogs. In Alberta and Ontario, steer prices will climb above the average 2022 price and above their five-year averages, which they’ve lagged recently (Table 1). Ontario...
It could be one of the consequences of the visit of the Minister of Foreign Affairs, Penny Wong, to the Asian country, the first in three years since the start of the pandemic. Sources from the Australian meat industry assure that the demand for beef from China is accelerating...
The Ministry of Agriculture received this Tuesday afternoon the Liaison Table to expand information on the measures to contain the price of meat . Although the meeting had been called by the head of the ministry, Juan José Bahillo, neither he nor the presidents of the four entities that make up the...
Beef exports broke records for both value and volume in 2022, according to year-end data released by the USDA and compiled by the U.S. Meat Export Federation. Those numbers were posted despite a slowdown toward the end of the year. Beef exports reached 1.47 million metric tons (mt), up...
Cattle live exports ended 2022 at their lowest point for a decade, and 2023 hasn’t kicked off any better. Australia sent the least number of live cattle offshore in January that it has for that month in at least the past 20 years. In that period, total live exports...
Sources from the Australian meat industry assure that the demand for beef from China is accelerating at the beginning of this 2023. It could be one of the consequences of the visit of the Minister of Foreign Affairs, Penny Wong, to the Asian country, the first in three years...
U.S. beef exports set annual records for both volume and value in 2022. While pork exports finished lower year-over-year, export value was still the third largest on record. What makes this even more impressive is the strong performance came in the face of many supply chain headwinds in the...
The General Directorate of Customs (DGA) detected under-invoicing maneuvers in 523 shipment permits for beef exports for US$11,908,320 in the period 2021-2022, with some 22 exporting refrigerators involved, according to a report from the agency published this Saturday. Most of the exports had China, Chile and Brazil as their final destination, and the operations were re-invoiced through...
The USDA modified its projections. Purchases of beef by the Asian giant will grow again this year. Of course, the exaggerated dependence on this excluding client is somewhat disturbing. The Asian giant is a commodity vacuum cleaner, the fundamental client for all those who generate agricultural-based products in the world. With each...