The USDA has decreased its 2023 production projections for most major proteins. Beef production is seen at 26.981 billion pounds, 180 million below July, due to lighter dressed weights for steers and heifers, with an average steer price of $178.50 per hundredweight, $3.20 higher, steady exports and lower imports...
The figures are in for the first half of 2023 and meat production is continuing the trend of steep annual decline in Germany. Compared to the first six months of 2022, production in the federal republic has dropped by 5,9 percent. German meat production on the continued decline Meat production has...
The July beef export data was released last week, and Australian beef exports continue to tick along at strong levels. The year-on-year shifts in beef export destinations make for some interesting reading, with the timing of our increase seemingly fitting nicely with a decline in US slaughter. In July,...
You’ve likely noticed it at the grocery store and on social media: beef prices are high, but pork prices are low. Using a few products from a Stats Canada chart as examples, the average price for beef top sirloin, across Canada, was $21.43 per kilogram in June, compared to...
A livestock economist says market conditions and lack of efficiency contributed to a couple of major meat processors recently announcing the closure of several facilities across the U.S. University of Missouri’s Scott Brown says broiler returns are currently 60% of year-ago levels. “Lower chicken prices, especially at the wholesale...
Pork exports 14% above last year’s pace at 1.47 million metric tons; beef exports 10% below last year at 669,176 mt. U.S. pork exports concluded an excellent first half with another strong performance in June, according to data released by USDA and compiled by the U.S. Meat Export Federation....
ENNESSEE COLONY, Texas, Aug 10 (Reuters) – The brown and black cattle of Texas, beloved symbols of the Lone Star state, walk through desiccated grass and stand in shrunken watering holes while their ranchers struggle to get them enough food. For the second summer in a row, drought and extreme heat are stressing...
Nearly three of every four Americans continue to report that their food satisfaction is thriving, according to July Consumer Food Insights Report. Consumers who report they are most satisfied with their food consumption also spend the lowest share of their incomes on food, according to the July 2023 Consumer Food...
Boxed beef prices have been fairly stable for the last few months, which University of Tennessee ag economist Andrew Griffith said is a positive sign for the beef cattle industry. “Since the middle of April, the weekly comprehensive boxed beef cutout price has only traded outside of an $8...
Malaysia has paused the import of all live cattle and buffalo from Australia, following Indonesia’s decision to halt imports from four Australian facilities over concerns about lumpy skin disease (LSD) last month. Australia’s chief vet Mark Schipp said LSD has never been detected in Australia and the country remains free of the...