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  • 15
    Sep

    Weekly Livestock Market Update

    Last Friday’s Five Area weighted average price for beef breed steers was $182.75. Negotiated sales were mostly $180 in the south. Northern sales were mostly $183, with $185 reported Friday. Wisconsin auction markets reported higher prices to open this week. Recent strength in Live Cattle futures should help sellers leverage...

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  • 12
    Sep

    Brazil’s consumer prices rise slightly less than expected in August

    SAO PAULO, Sept 12 (Reuters) – Brazil’s consumer prices as measured by the benchmark IPCA index rose slightly less than expected in August, data from government statistics agency IBGE showed on Tuesday, cementing expectations the country’s central bank will cut interest rates next week. Prices were up 0.23% in...

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  • 12
    Sep

    It’s the cheap beef they want

    The herd has been rebuilt and is at least entering a steady state, if not a light liquidation. As such we can expect some new four or five-year highs in terms of beef exports. In August we saw just that, but it’s the destinations which are more interesting. Total...

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  • 12
    Sep

    India reduces import tariffs on U.S. turkey and duck meat

    In the second breakthrough in three months, India said on the sidelines of the G20 summit meeting that it would reduce import duties on frozen U.S. turkey and duck meat. Lower tariffs will give U.S. exports a chance to win sales in the rapidly growing market, said U.S. poultry...

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  • 12
    Sep

    Chicken meat exports forecast unchanged for Mexico in 2024 – GAIN

    Exports for 2023 are 60% lower than in 2022 As a result of more stable trading partner chicken meat supplies, 2024 chicken meat exports are forecast unchanged for Mexico, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report.  Mexico is currently the sixth largest chicken meat...

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  • 08
    Sep

    China’s Economic Downturn Impacts Global Meat Consumption

    China, known for its voracious appetite for beef, pork, and chicken, has historically been a driving force in the global meat industry. However, recent shifts in China’s economy are beginning to curb its meat consumption, a development highlighted in a recent Bloomberg report. Despite the easing of COVID-19 restrictions...

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  • 08
    Sep

    Mexico chicken imports forecast to increase by 5% in 2024 – GAIN

    Although at a slower rate of growth compared to the last two years, imports are forecast to increase by 5% in 2024, driven by robust domestic demand, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report.  Imports are forecast 5% higher from 2023 at 1.0...

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  • 08
    Sep

    Livestock sector: Traceability system will increase meat exports: minister

    LAHORE: “Implementation of the traceability system in the livestock sector will not only lead to enhanced quality of meat but also foster an upsurge in meat exports. By improving quality standards, the meat which is currently sold at US two dollar per kg globally can attract prices up to...

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  • 08
    Sep

    July pork exports outpace year-ago levels; beef exports take a step back

    Western Hemisphere markets bolster July pork exports; July beef exports climb to Mexico and Taiwan but most markets trend lower. Building on a robust first-half performance, July exports of U.S. pork continued to outpace year-ago levels, according to data released by USDA and compiled by the U.S. Meat Export...

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  • 07
    Sep

    ‘Putting meat on the bone’: Red meat sector’s blueprint for future government

    New Zealand’s red meat sector is calling on the future government to put agriculture and the production and export of beef and lamb at the heart of a new economic strategy.  The “Putting Meat on the Bone” Briefing to Incoming Ministers document, released by the Meat Industry Association and...

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