Hog Prices-Markets
Agriculture associations urge President Biden to address ocean carrier practices causing increased costs and delays for American businesses as “the problem not only persists, but is becoming more dire.”
Between the pandemic forcing the shutdown of meat processing plants in 2020 and recent ransomware attacks on the nation’s largest meat supplier, some say concentration of the meat supply chain is a bad idea.
China’s pork production is expected to decline 14% in 2022, while pork imports are expected to climb 5.1 MT with consumer demand exceeding domestic production, according to a USDA attaché report released last week.
Canada has joined Mexico in seeking formal consultation with the United States over the interpretation of content rules for automobiles set out in the North American trade pact, Mexico and Canada said on Friday.
While there are lots of reasons to believe ASF in the Dominican Republic is not a sure sign it will penetrate the U.S. industry, still, everyone has become focused on it and how slippery it is to contain.
Dean Meyer depends on red meat exports in more ways than one. On his farm near Rock Rapids, Iowa, he grows corn, soybeans, cattle and hogs. A new study backs up why red meat exports help corn and soybean farmers.
CoBank says challenges brought on by COVID-19 will speed up automation throughout many sectors of the supply chain. Here’s a deeper look at the animal protein industries in CoBank’s latest report.
A federal district court ruling, if left unchallenged, will result in a 2.5% loss in pork packing plant capacity nationwide and over $80 million in reduced income for small U.S. hog farmers, says economist Dermot Hayes.
After JBS confirmed a cyberattack shuttered some of its processing plants, USDA’s daily cattle slaughter estimates revealed 94,000 head of cattle were processed on Tuesday, a drop of 27,000 head compared to last week.
Less than two weeks after JBS was hit with a cyberattack impacting operations in Australia and North America, Congress is now calling on JBS to provide documents and communications related to the May 30 attack.
U.S. Meat Export Federation representatives from around the globe offer insights to how markets are changing heading into a post-pandemic era.
Eat Just Inc., a San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.
Retail pork prices set an all-time high in April at $4.32 per lb, up 3.8% from March and 11% higher than last year. Retail prices for Choice beef reached $6.76 per lb, up 4.2% from March and 4.8% from a year ago.
A tradition for more than 100 years will now be a thing of the past. The CME Group announced this week it’s not reopening the open outcry pits on the trading floor, which means the tradition will be gone for good.
March beef and pork exports each posted the highest monthly value on record. Pork exports and shipments of beef muscle cuts also set new volume records in March.
A federal judge in Minnesota granted another class action pork price-fixing settlement between JBS USA and Commercial and Institutional Indirect Purchaser Plaintiffs on April 15.
China imported 1.02 million metric tons of meat in March, customs data showed on Tuesday, the highest monthly volume since at least January 2020, as the world’s biggest meat buyer stocked up to fill shortages at home.
February exports of U.S. pork and beef remained below the rapid pace established in early 2020. Still, exports were consistent with USMEF’s February projections. Here’s a look at the numbers.
Proposition 12, California’s animal welfare rule, is slated to take effect on Jan. 1, 2022. But with these new regulations still mired in a legal battle, the pork industry is left in limbo, Rabobank says.
The value of the U.S. dollar has weakened substantially in the past year and CoBank analysts expect it to experience modest deflation in 2021. This may be good news or not-so-good news depending on the commodity.
During USDA’s 97th Agricultural Outlook Forum, USDA chief economist Seth Meyer provided insight into what the livestock and poultry sectors can expect in 2021.
The Senate has scheduled a vote on Tom Vilsack’s nomination for Secretary of Agriculture on Feb. 23. In early February, the Senate Agriculture Committee unanimously approved President Biden’s pick to lead USDA.
Whether it’s to fulfill Phase One promised, or an increased need for feed, some say the timing of the record Chinese buys isn’t a coincidence. So, what’s driving the record demand from China?
Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) says she supports the Biden Administration’s move to freeze payments under the Coronavirus Food Assistance Program (CFAP).
USDA late Wednesday posted notice that $2.3 billion in supplemental Coronavirus Food Assistance Program (CFAP) payments will be temporarily frozen.
Flexibility remains critical for animal protein industry, CoBank says, as foodservice sales are not likely to reach pre-pandemic levels before mid-2022.
Driven by higher estimates for pork, the China total meat import forecasts were revised up for both 2020 and 2021, according to the USDA Livestock and Poultry World Markets and Trade report.
Despite guidance from international health organizations stating imported food shipments are an unlikely source of COVID-19 transmission, the Chinese government implemented sample testing procedures at ports of entry.
When it comes to meat export markets, particularly pork, 2020 was a year to remember. Here’s why 2021 holds promise for both U.S. pork and beef export opportunities.
The coronavirus aid package approved by Congress overnight Monday provides $13 billion in ag funding, much of it destined for sectors left out of previous aid packages.