The U.S. became a net beef importer during the past year, as drought continued to impact the domestic cattle industry, according to analysts. Offsetting positions in cattle cycles in the U.S. and the Southern Hemisphere, exaggerated by weather patterns, have caused a redistribution of the global beef trade that...
In a positive development for the U.S. meat industry, China’s General Administration of Customs has recently granted approval for 18 U.S. beef establishments and 12 U.S. pork establishments to export to China, reports the U.S. Meat Export Federation (USMEF). This marks the first approval of new U.S. plants for...
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...
The South American region will account for 50% of global beef exports in five years, up from 40% presently, according to beefpacker Minerva’s Chief Executive Fernando Queiroz, who spoke at an event hosted by the company. Minerva, which bought plants from competitor Marfrig to boost its presence in South American countries this year,...
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...