Hog Prices-Markets
Global diesel and distillate fuel stocks have fallen to dangerous levels and the U.S. has been exporting a lot of diesel to Europe and Latin America, but now things are changing.
The editors at AgWeb.com are looking at experts’ projections for commodities in 2021 to help you succeed in the coming year. Here’s a look at what analysts expect for the upcoming year in the protein segments.
U.S. President-elect Joe Biden has said that he will not immediately act to remove the Phase 1 trade agreement, which President Donald Trump inked with China, the New York Times reported on Wednesday.
No one denies the pandemic ramped up changes that needed to be made in the food supply chain. Will past hesitations be set aside as the industry seeks to find ways to be more resilient to avoid a repeat of the spring?
Smithfield Packaged Meats Corp. will assemble a team of company and third-party experts to develop an infectious disease preparedness plan that the company will implement at all of its processing facilities nationwide.
Whole Foods Market was sued on Tuesday by three consumers and an animal welfare nonprofit, in a lawsuit accusing the Amazon.com Inc unit of falsely marketing beef with the slogan “No Antibiotics, Ever.”
Australia and New Zealand said they were aware of Chinese media reports of a ban on meat imports from both countries by Beijing but had not received any official notice and shipments had been clearing as normal.
China is on track to be the leading international buyer of U.S. ag products for a third consecutive year. Much of the boost can be attributed to significantly higher prices this year versus last.
Biden says Ukraine has 20 million tons of stored grain awaiting export to various countries. He says lack of port movement coupled with halted planting in Ukraine will ignite a global food crisis unless action is taken.
Gross incomes for both cattle and hog producers were up double digits from 2020 to 2021, according to a recent report from USDA’s National Agricultural Statistics Service.
Canada has approved the importation of beef and pork from Brazil, which had been blocked over health concerns, authorities from both countries said.
Will the expected sanctions on Russia impact global meat trade and demand? Len Steiner of Steiner Consulting Group posed this question in the Feb. 24 Daily Livestock Report.
Tyson Foods Inc shares climbed more than 11% to an all-time high on Monday after the company reported that first-quarter profits nearly doubled due to soaring U.S. meat prices.
Producers may now report unfair or anticompetitive practices in the livestock and poultry industries using a new online tool.
JBS SA agreed to pay $52.5 million to settle litigation accusing meat-packing companies of conspiring to limit supply in the $63 billion-a-year U.S. beef market in order to inflate prices and boost profit.
A new USDA Market News Mobile Application will provide the supply chain with instant access to current and historical market information, including over 800 livestock, poultry, and grain reports.
U.S. Secretary of Agriculture Tom Vilsack announced plans to increase capacity at the Port of Oakland in Oakland, Calif., and improve service for shippers of U.S. grown agricultural commodities.
Several major U.S. supermarket chains and a food distributor filed a federal lawsuit last week accusing pork processors of conspiring to fix pork prices from at least 2009.
Cattle markets have improved significantly in the final weeks of 2021, with market analysts projecting those positive trends to continue in 2022.
Concerns over the COVID-19 variant headlined news last week. Bob Utterback of Utterback Marketing and Mark Gold of StoneX Group both say they are friendly on cattle and hog prices, but caution about outside influences.
Chicago Mercantile Exchange live cattle futures fell more than 1% on Wednesday on technical selling, softer cash cattle markets this week and worries about export demand for U.S. beef, traders said.
Although red meat exports are on a record pace in 2021, shipping delays and obstacles remain a major concern for exporters and their international customers.
FTC orders Tyson Foods, Inc., Walmart, Amazon, Kroger and other large wholesalers and suppliers to turn over information to help study causes of empty shelves and sky-high prices.
Improved market access and rising incomes have helped fuel tremendous growth in red meat consumption in Korea. In the last 30 years, the U.S. has succeeded in positioning itself as a major supplier of protein to Korea.
Russia will resume beef and pork imports from 12 subsidiaries of Brazilian producers from Nov. 25, its agriculture safety watchdog said.
Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.
Both U.S. beef and U.S. pork exports are on a record pace through September, according to data released by USDA and compiled by the U.S. Meat Export Federation.
During the pandemic, everyone had to get more creative on how to reach consumers, says Lucia Ruano, U.S. Meat Export Federation (USMEF) representative in Central America and the Dominican Republic.
China’s huge hog sector is struggling with excess production after millions of small, often first-time, pig farmers entered the industry to capitalise on record profits during a swine-fever related shortage.
The price shoppers pay for items like meat at the grocery store are expected to continue the rapid rise. An updated Consumer Price Index shows wholesale beef prices could increase 20% this year.