Company’s move to raise prices, cut costs has helped Beyond Meat beat estimates for second-quarter revenue on Wednesday and raised the lower end of its sales forecast for the year, as it benefited from a string of price increases on its plant-based faux meat burger patties and sausages, reported Reuters. ...
Lean hogs ease Chicago Mercantile Exchange (CME) live cattle futures were mixed on Wednesday, and feeder cattle turned lower, as the US dollar continued to recover and livestock traders remained uneasy about the health of the global economy, Reuters reported, citing market analysts. But weakness in the Chicago grains futures markets...
France unsurprised as outbreaks occurred in southern Belgium recently France has reported an outbreak of bluetongue disease on a farm near the Belgian border, Reuters reported, citing the World Organisation for Animal Health (WOAH) on Wednesday. Bluetongue, spread by insects, can be deadly for domestic ruminants such as sheep, cattle and...
DENVER — US pork exports remained strong in February, fueled by growth in the Western Hemisphere, South Korea and Australia, according to data released by US Department of Agriculture and compiled by the US Meat Export Federation (USMEF). Meanwhile, February beef exports volume dipped slightly from last year, but...
Australia exported 129,998 tonnes of beef in July, beating the previous monthly record set in March 2015. Meat and Livestock Australia’s Tim Jackson said strong international demand combined with bigger carcass weights had lifted the beef industry to new highs. “It’s the most beef ever exported by Australia in...
Beef giant Argentina is upping its game by introducing a new certification scheme that guarantees its EU meat exports comes from sustainable sources that are free from deforestation. Argentina is already destined to export around 50,000 tonnes of beef annually to the EU, which accounts for 7% of its...
Key points: Australia’s beef exports reached unprecedented levels in July, setting a new monthly record. This surge highlights the dynamic nature of global meat markets and Australia’s significant role within them. Beef In July, beef exports reached 129,998 tonnes, surpassing the previous record of 123,464 tonnes set in March...
Screwworm inflicts myiasis, a parasitic invasion of a wound by maggots Senegal’s farmers and vets had never seen anything like it before, according to a news article from the Food and Agriculture Organization of the United Nations (FAO). An infestation tore across the country, inflicting myiasis, a parasitic invasion of a wound...
As demand rebounds, costs begin to fall Tyson Foods surpassed Wall Street expectations for third-quarter revenue and profit on Monday, indicating that demand was rebounding for its meat products, while lower grain prices reduced costs for animal feed, reported Reuters. After sales declined in 2023, Tyson Foods is now starting...
In contrast, strong domestic demand for eggs earlier in recent months reduced the volume available for export. While earlier forecasts for Brazilian chicken meat production and exports in 2024 have been revised downwards slightly, this year is still expected to break previous records. Year-on-year expansion now looks to be...