Chicago Mercantile Exchange (CME) livestock futures mostly ended lower on Thursday, as a sluggish cash market weighed on nearly all cattle markets and hog traders continued to wrestle with concerns about demand for hefty pork supplies, Reuters reported, citing analysts. The nearby December live cattle futures contract ended the day up...
The Brazilian ministry of agriculture welcomed Mexico’s renewal, for another year, of measures against inflation that exempt certain food products from import taxes, a boon to Brazilian exporters, reported Reuters. The list of products benefiting from the measures, whose renewal became effective on Thursday, include poultry meat, pork, beef, corn,...
USDA hogs and pigs report bearish USDA’s Hogs & Pigs Report last Friday estimated the U.S. hog herd at 74.971 million head as of Dec. 1, up 15,000 head from year-ago, whereas traders expected a 481,000-head decline based on the average pre-report estimate. The market hog inventory increased 221,000...
Argentina’s beef exports are on a trajectory that could see them potentially reach or even surpass the record volume of 924,000 tons set in 1924 by the end of 2023. This substantial surge can be attributed, in part, to the elimination of export restrictions imposed by the previous government,...
The U.S. Dept. of Agriculture (USDA) has ranked the world’s largest consumer of imported meat products. Which countries take the top spots on this list? Here is the breakdown: According to the USDA, China continues to hold the top spot on the list. The Asian nation has been the world’s largest meat...
Torrington, WY (Western Ag Network) December 27th, 2023 — On today’s Daybreak Ag Report from the Western Ag Network, Haylie Shipp talked with U.S. Senator John Tester (D-MT) about beef imports from Paraguay. “In a milestone announcement, the Biden Administration announced last month that, as of December 14th, 2023,...
BAKU, Azerbaijan, December 25.Azerbaijan imported 38,286 tons of meat from January through November this year, Trend reports. The data of the State Customs Committee of Azerbaijan shows that the value of imported meat amounted to $78.5 million. This is 62 tons (0.2 percent) less in volume year-on-year and $6.3 million (8.8...
JACI-PARANA, Brazil (AP) — Meat processing giant JBS SA and three other slaughterhouses are facing lawsuits seeking millions of dollars in environmental damages for allegedly purchasing cattle raised illegally in a protected area in the Brazilian Amazon. The lawsuits, filed December 5 to 12 by the western Brazilian state...
Did you get something big for Christmas? Big?!! I bet it was not as big as the gift a Brazilian Supreme Court judge gave J&F, the family investment firm that controls the world’s largest meatpacker, JBS. Right before Christmas, a Brazilian Supreme Court justice suspended $10.3 billion or about...
China will allow the import of frozen and chilled beef from Uruguay starting Tuesday, the General Administration of Customs said. Exporters must be located in foot-and-mouth disease-free areas as recognized by the World Organization for Animal Health, customs said in a statement. @Reuters