The limited supply from cattle farmers and the demand increase from meatpackers now allowed to export beef to China have been leading to a decrease of the gap between fed cattle prices in São Paulo and most regions surveyed by Cepea. Among the 28 areas released daily by Cepea, the...
Chicago Mercantile Exchange (CME) cattle futures firmed on Thursday, bolstered by technical trading and anticipated consumer demand going into the grilling season, Reuters reported, citing analysts. Lean hog futures also turned higher, rebounding from Wednesday’s spate of profit-taking. CME June hogs ended the session up 0.250 cent at 105.800 cents per...
The CETA free-trade agreement between the European Union and Canada is a ‘win-win deal’ for both sides and it has so far been particularly advantageous for French farmers, French Prime Minister Gabriel Attal said during an official visit to Ottawa, according to Reuters. “CETA is a win-win deal,” Attal said...
USDA finalizes rule updating the types of foods that can be purchased through WIC; dairy groups are not happy USDA finalized a rule that updates the types of foods eligible for purchase through the WIC program, a federal initiative supporting low-income women and young children. The aim is to...
Brazilian pork exports (considering all products, including fresh and processed) totaled 91.9 thousand tons in March, reports the Brazilian Animal Protein Association (ABPA). The number is 14% lower than the total shipped in the same period last year, with 106.9 thousand tons. In the same period, revenue generated by...
U.S. pork producers continue to lobby Congress to find a legislative fix for California’s Proposition 12, the law requiring pork sold in California to be raised under strict guidelines. Lori Stevermer, a Minnesota pork producer and president of the National Pork Producers Council says producers don’t want a patchwork...
Cold storage, particularly for red meat and poultry, is an important part of the protein supply chain, with meat in cold storage coming from a variety of sources and used in both domestic and global markets. This Market Intel evaluates USDA-National Agricultural Statistics Survey’s March Cold Storage report, released on...
Weekly USDA US beef, pork export sales Beef: Net sales of 18,700 MT for 2024 were up 48 percent from the previous week and 53 percent from the prior 4-week average. Increases were primarily for South Korea (6,100 MT, including decreases of 400 MT), Japan (5,000 MT, including decreases...
Chicago Mercantile Exchange (CME) lean hog futures pulled back on profit-taking on Wednesday after rising in the seven previous sessions, Reuters reported, citing analysts. Most actively traded June hogs set a contract hit for the fourth consecutive session before turning lower. The market had already climbed 7% this month by the close...
South Africa’s beef exports experienced a slight recovery last year, increasing by 3% year-on-year (y/y) to 27 675 tons, after falling below the five-year average a year before due to the outbreak of the foot-and-mouth disease (FMD). According to recent data from Trade Map, beef exports fell below the...