Teagasc is anticipating a 3% increase in the annual average finished cattle price for 2024, when compared to this year. Teagasc’s Outlook 2024 Economic Prospects for Agriculture, published today (Tuesday, November 28) details trends that can be expected next year in farm incomes, costs, and prices to farmers. The report...
Australian cattle exports totalled 55,127 head in October, 26 percent below the five-year-average for the month and about 10,000 less than October 2022. Exports to Indonesia showed some improvement, rising to 35,375 in October, up from 22,836 in September. The October shipments to Indonesia were 13 percent below the...
China still fourth largest for U.S. beef exports, remains biggest destination for U.S. pork variety meat exports. China’s General Administration of Customs recently approved 18 U.S. beef establishments and 12 U.S. pork establishments for export to China – the first new U.S. plants cleared for export to China in...
Brazil is expected to reach record levels of beef production in 2024, according to a new report today (Tuesday, November 21), although export volumes are expected to decline. According to the Rabobank report, global beef markets continue to be split into two distinct parts, with high prices and contracting production in...
The National Cattlemen’s Beef Association says it strongly opposes the USDA’s decision to allow beef imports from Paraguay. Kent Bacus, executive director of government affairs, says NCBA has repeatedly raised concerns over the country’s history of foot-and-mouth disease (FMD). “We laid out some really, really strong claims backed by...
UTRECHT, NETHERLANDS — Global beef markets continue to be divided, with high prices and contracting production in the United States and increasing production and low prices in the Southern Hemisphere, according to research from Rabobank’s latest Global Beef Quarterly report. After prolonged herd liquidation, the contractionary phase of the fourth...
Key points Beef import volumes in September remained close to the previous months level, up by 250 t to 18,350 t. This brings the total for Jan-Sep 2023 to just under 165,000 t. This is a drop of 7,000 t (-4%) from the same period last year, with volumes...
2023 has been a remarkable year for the global beef industry, Rupert Claxton, Meat and Livestock Director of Gira, told delegates at the Teagasc National Beef Conference. Considerable headwinds at the end of 2022 in the form of both rising costs for producers and industry, combined with inflation pressure...
The tale of two markets continues, with high prices and contracting production in the US and increasing production and low prices in the Southern Hemisphere. Global beef markets continue to be a two-part story: the ongoing strong consumer demand in the US – although this may be weakening –...
UTRECHT, NETHERLANDS — Global beef markets continue to be divided, with high prices and contracting production in the United States and increasing production and low prices in the Southern Hemisphere, according to research from Rabobank’s latest Global Beef Quarterly report. After prolonged herd liquidation, the contractionary phase of the fourth...