September 21, 2018
Opening the news today a focus on
reported two new cases of African swine fever on Friday, as the
deadly disease continued to spread to new areas in the world’s top pork
producer. One case occurred on a farm of 484 pigs in the city of
Gongzhuling in Jilin province in the northeast of China, killing 56
pigs, said the Ministry of Agriculture and Rural Affairs. A second case
in the Horqin Right Banner area of the Inner Mongolia Autonomous Region
killed 22 pigs on a farm of 138 animals.
In other news,
Department of Agriculture (USDA) is responding to South Carolina farmers
and ranchers who suffered damage to working lands and livestock
mortality because of Hurricane Florence. USDA is holding a special
signup through the Natural Resources Conservation Service (NRCS) for
agricultural livestock mortality and carcass disposal. Signup is now
available in Chesterfield, Marlboro, Dillon, Marion, Horry, Kershaw and
contiguous counties. The first signup period ends September 28, 2018. A
second signup period will end on November 2, 2018.
response to historic flooding in the aftermath of Hurricane Florence,
Farms is sending truckloads of food and the Perdue Chicken Food Truck to
the Carolinas, along with donations to local American Red Cross
chapters, to help residents and recovery efforts in the communities
impacted by this disaster.
volatility in trade, particularly with Brazil, will continue to
challenge industry margins, according to the latest quarterly Rabobank
report. Restrictions on several Brazilian export plants, the ongoing
impact of the quarter two truckers strike and the meat safeguard on
Brazilian chicken imports set by China are all issues that could affect
margins. Another issue facing the global poultry sector is the rising
volatility in global grain and oilseed prices as a result of the summer
drought and trade issues.
In the UK,
unveiled its new discount chain called Jack's that aims to tackle the
rising threat posed by German rivals Aldi and Lidl. The first store
is in a mothballed former Tesco store in Chatteris, Cambridgeshire.
Another outlet in Immingham, Lincolnshire also opens on Thursday.
Between 10 and 15 stores are planned for new locations, next to existing
Tesco stores, and a small number of converted Tesco stores. Chief
executive Dave Lewis claimed that Jack's - named after Tesco founder Sir
Jack Cohen - would be cheaper than Aldi or Lidl.
Back in the
Walmart sent a letter to the Trump administration about two weeks ago
asking it to reconsider new tariffs on $200 billion worth of Chinese
goods, according to multiple reports. In a letter to US Trade
Representative Robert Lighthizer, the retailer reportedly said the
immediate impact of the fresh tariffs "will be to raise prices on
consumers and tax American business and manufacturers." The letter did
not succeed, with the tariffs announced this past Monday.
today, our weekly retail column reports that
beef prices have ridden an often-unpredictable roller coaster over the
years. Swings in the wholesale market due to drought and other market
factors over time eventually make their way to retail, though often
more subtle and slowly. However, as consumers are continuously forced to
adjust their budgets for beef, we’ve seemingly become more sensitive to
fluctuations. So, when feature prices reach the lowest levels seen in
years—consumers take note.
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