Livestock analyst Jim Wyckoff reports on poultry, pork, beef and dairy news from around the globe China’s beef prices plunge Chinese wholesale beef prices have dropped 18% from last year’s peak to around 62 yuan ($8.53) a kilogram as supplies outpace demand. Beijing pushed farmers to increase domestic beef...
Hog futures close narrowly mixed Chicago Mercantile Exchange (CME) live cattle futures closed higher for a second session on Wednesday, supported by strong wholesale beef prices and light technical trading ahead of the US July Fourth holiday, Reuters reported, traders said. US markets and government offices will be closed on Thursday...
The average price of agricultural output fell by 6% In the first quarter of 2024, agricultural prices in the EU for both outputs and inputs not related to investment declined, according to a market report from Eurostat. The average price of agricultural output fell by 6% in the first quarter of 2024...
Tokyo, July 4 (Jiji Press)–Import prices of U.S. beef have been surging in Japan, making procurement hard for traders and dining facilities such as barbecue restaurants. Behind the spike in prices are the yen’s recent sharp depreciation against the dollar, reduced beef supplies from U.S. farmers and fierce competition...
Canada exports zero beef to the U.K. WINNIPEG — Beef imports from the United Kingdom are up 177 percent in the first four months of 2024. Canada imported $10.2 million worth of beef from Jan. 1 until the end of April. That’s a significant increase from the same period...
Subdued demand from China has been laid bare in the latest red meat export figures – with exports down 42 percent in May compared to the same month last year. Exports to New Zealand’s key trading partner were worth $232 in May. The volume of sheep meat sent to...
U.S. red meat exports have reached record levels in Mexico, making this an ideal time for the U.S. Meat Export Federation (USMEF)’s inaugural U.S. Red Meat Symposium in Mexico City. The symposium examined Mexico’s economic and political climate, highlighting the market’s continued growth potential and explore emerging opportunities for...
Quality of beef available to the consumer has never been better. While the overall pace of inflation has shifted to more normal levels since last summer, food prices are still increasing. The 2024 Rabobank BBQ Index, which measures the cost of staple ingredients for a 10-person barbecue, puts this...
April exports of U.S. pork reached the highest volume and value since May 2021, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). It was also a robust month for U.S. beef exports, which were the largest in 10 months and valued at...
US consumer prices were unchanged in May The price of a July Fourth cookout will be 5% higher in 2024 than the previous year, Reuters reported, citing a survey from the US Farm Bureau released this week. The farmer and rancher organization said an Independence Day cookout for 10 people will...