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  • 16
    Jul

    Canadian beef farmers receive funding to expand international trade

    The funding will also be used to expand trade in existing markets The Canadian Cattle Association (CCA) will receive up to $453,364 over 3 years (from 2023-2026) from Agriculture and Agri-Food Canada’s AgriMarketing Program, an initiative under the Sustainable Canadian Agricultural Partnership, according to a press release from the association....

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  • 16
    Jul

    US feeder cattle futures firm – CME

    Hog futures turn lower Chicago Mercantile Exchange (CME) feeder cattle futures ticked higher on Monday and live cattle futures ended mostly lower, as the market struggled to find clear direction, Reuters reported, citing traders. Increased demand from meatpackers as well as lower feed prices have kept cash cattle prices higher than...

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  • 16
    Jul

    US beef production in decline – CoBank

    Production not falling as fast as once projected US beef production is in decline as expected for this year, but it is not falling as fast as once projected, according to the most recent CoBank quarterly report. Over the past three months, feeder cattle have stayed in feedlots for longer and...

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  • 10
    Jul

    China and Brazil to try out beef traceability plan

    The scheme aims to make beef production more sustainable China, the world’s largest beef importer and Brazil, the biggest supplier, will set up a pilot scheme as part of efforts to make beef production more sustainable, Reuters reported, citing state media on Wednesday. Beef is regarded as one of the most...

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  • 10
    Jul

    US cattle futures lower – CME

    Hogs mostly down on demand questions Chicago Mercantile Exchange (CME) cattle futures turned lower on Monday, shedding a post-holiday rally on demand concerns and news that beef-loving Argentines are cutting back on buying steaks as the country’s economy slumps, reported Reuters.  Meanwhile, CME lean hog futures ended the day mostly...

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  • 10
    Jul

    FAO Food Price Index stable in June

    The FAO Meat Price Index was virtually unchanged The benchmark for world food commodity prices was unchanged in June, as increases in international quotations for vegetable oils, sugar and dairy products offset a decrease in those for cereals, the Food and Agriculture Organization of the United Nations (FAO) reported Friday. ...

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  • 08
    Jul

    Animal shortage puts a dampener on record month of beef exports to US

    Farmers are not “getting excited“ about record month of beef exports to the US, a Waikato sheep and beef farmer says. Phil Weir said increased beef exports are good news at the farm-gate level, but buyers are struggling to get enough due to a lack of animals. Beef exports...

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  • 08
    Jul

    NZ red meat exports to China drop 42% in May

    Subdued demand from China has been laid bare in the latest red meat export figures – with exports down 42 percent in May compared to the same month last year. Exports to New Zealand’s key trading partner were worth $232 million in May. The volume of sheep meat sent...

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  • 08
    Jul

    May Beef Export Value Highest in 11 Months; Pork Exports Below Year-Ago

    The value of U.S. beef exports topped $900 million in May, the highest since June 2023, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports posted another solid performance in May but were below last year in both volume and value....

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  • 05
    Jul

    Weekly global protein digest – China’s beef prices plunge, FDA study: Pasteurization kills H5N1 virus in milk

    Livestock analyst Jim Wyckoff reports on poultry, pork, beef and dairy news from around the globe China’s beef prices plunge Chinese wholesale beef prices have dropped 18% from last year’s peak to around 62 yuan ($8.53) a kilogram as supplies outpace demand. Beijing pushed farmers to increase domestic beef...

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