Nearly three of every four Americans continue to report that their food satisfaction is thriving, according to July Consumer Food Insights Report. Consumers who report they are most satisfied with their food consumption also spend the lowest share of their incomes on food, according to the July 2023 Consumer Food...
Boxed beef prices have been fairly stable for the last few months, which University of Tennessee ag economist Andrew Griffith said is a positive sign for the beef cattle industry. “Since the middle of April, the weekly comprehensive boxed beef cutout price has only traded outside of an $8...
Malaysia has paused the import of all live cattle and buffalo from Australia, following Indonesia’s decision to halt imports from four Australian facilities over concerns about lumpy skin disease (LSD) last month. Australia’s chief vet Mark Schipp said LSD has never been detected in Australia and the country remains free of the...
U.S. Meat Export Federation examines recent data concerning the beef, pork and lamb industries. WASHINGTON — U.S. pork exports concluded an excellent first half with another strong performance in June, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). While well below the...
Brazil.- The Brazilian Government, a significant global meat exporter, marked a significant achievement on Wednesday as it welcomed the Dominican Republic to its list of markets for beef and pork. This development is especially noteworthy due to the Dominican Republic’s standing as the second-largest market in Central America and the...
NANNING — A containership carrying Brazilian beef recently arrived at China’s Qinzhou Port in the Beibu Gulf after more than a month’s voyage from the Port of Santos in Brazil. After being unloaded, the goods were further transported to the populous Pearl River Delta region in South China and...
New Zealand’s red meat exports declined 12 per cent in value in June compared to last year as global markets remained volatile. Red meat exports reached $935 million in June, sheepmeat dropping in volume and value to most of the country’s major markets and beef exports holding relatively steady. ...
Brazilian primary goods exports could surpass last year’s export record of US$ 159 billion, be it not for the sharp drop in commodity prices on the foreign market. Soybeans show this scenario of falling prices, which, in July, were 22% lower than those of the same month in 2022....
Accessing US market challenging for Scottish producers According to the latest market commentary from Quality Meat Scotland (QMS), global beef and pork markets remain unstable. In July, the USDA updated its global beef and pork market forecasts, which pointed to slightly tighter market balances in both sectors. However, the domestic beef...
The layoffs are slated for Oct. 8 Smithfield Foods Inc, the world’s biggest pork processor, will close some of its operations and lay off 92 workers in northwestern Missouri this fall, Reuters reported, citing the state’s Worker Adjustment and Retraining Notification Act (WARN) data. The layoffs are “specific to our Missouri hog...