India and US Advance Toward Interim Trade Deal after Four-Day Talks, Say Sources
Indian and U.S. negotiators made progress in their latest round of talks in New Delhi on Tuesday on a bilateral trade deal, having focused on market access for industrial and some agricultural goods, tariff cuts and non-tariff barriers, Indian government sources said.
"The negotiations held with the U.S. side were productive and helped in making progress towards crafting a mutually beneficial and balanced agreement including through achievement of early wins," one of the sources said.
The U.S. delegation, led by...
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Commerce Secretary Lutnick: US-China Trade Deal Framework Finalized
United States Commerce Secretary Howard Lutnick announced that the US and China have agreed to a trade framework after two days of negotiations in London.
After what reports described as “intense negotiations,” Lutnick told reporters that the framework builds upon an agreement made last month to ease triple-digit retaliatory tariffs.
In a social media post on June 11, President Trump said that a deal with China was done and called the trade relationship with China “excellent.” However, further details regarding the deal were not made public...
The Retail Rundown: Seafood Leads Father’s Day Protein Promotions; CPI Shows Mild Increase
For Father’s Day weekend, seafood leads retail protein promotions, accounting for 28% of total ad volume. Beef follows at 24.8%, with pork close behind at 23.6%. Chicken claims 19% of protein ads, while turkey makes up about 3%.
Egg features remain limited for now but are on track to gain ground next week amid improving retail demand. While egg consumption typically slows around this time of year due to reduced baking and fewer hot breakfasts, eggs are emerging as one of the few proteins seeing price relief at retail—standing out amid peak seasonal...
ANALYSIS: China’s May 2025 Meat Imports Stagnate MOM at 512,582 mt
China in May 2025 imported 512,582 metric tons (mt) of meat, including variety meats, nearly flat month-on-month (MOM), according to preliminary figures from China’s General Administration of Customs (GACC).
Slipping just 0.1% MOM, the decline came as China continued to expand market access across the chicken, venison segments from New Zealand, France and Russia.
However, export licenses of American beef plants were in limbo. The expiration of United States (US) plant licenses in China’s Import Food Enterprise Registration (CIFER) system, placed downward pressure...
ANALYSIS: Turkey Exports Slide, How Tariffs and Other Headwinds Hit the Market
Total turkey exports ended the month of April down approximately 23.7% year-over-year (YOY). This was primarily driven by a 23.5% decrease in the volume moved to Mexico, which made up 83.2% of international purchasing of US turkey for April compared to a 5-year average of 67.1%. Much of the changes to US exports of turkey during the spring can be related to tariffs, along with ongoing production concerns.
The month-over-month (MOM) change was only a decline of 0.9%, compared...
Powering Pork’s Future: New Three-Year Strategic Plan Charts the Path Forward
NPB’s Board of Directors has approved a new three-year strategic plan—part of a broader roadmap that will guide us through 2028. The strategic plan was presented to the board by the task force during the March 2025 Pork Industry Forum.
Kicking off in August 2024, the strategic planning process brought in insights from a wide range of producers and industry stakeholders. The result? A strategy that keeps producers’ priorities front and center—ensuring every hard-earned dollar...
Mexico Relaxes Brazilian Poultry Ban, But Mauritania, Oman Expand It
Mexico, along with 46 other countries, initially banned all poultry imports from Brazil after the South American country confirmed its first outbreak of bird flu on a commercial farm on May 15. Mexico has now relaxed the countrywide ban to just exports from the state of Rio Grande do Sul, where the outbreak was detected.
In contrast, Mauritania has banned all imports of chicken meat from all of Brazil, and Oman from Rio Grande do Sul.
Brazil has been advocating for countries to limit the ban...
Tyson Foods Launches New Hillshire® Snacking Dips and Spreads
Tyson Foods has announced the launch of Hillshire Snacking Dips and Spreads.
Hillshire Snacking, known for its gourmet snacks and creative flavor combinations, now offers consumers chef-curated snacking experiences, pairing premium pepperoni and rich cream cheese spreads with perfectly toasted rounds.
The new Hillshire Snacking Dips and Spreads include three unique and flavorful varieties:
JM Smucker Raises Coffee Prices Amongst Tariff Uncertainty; Canadian Supermarket Drops Folgers
On June 10, the JM Smucker Company held their earnings question-and-answer session after releasing earnings for the fourth quarter of their fiscal year ending April 30, 2025. Leaders from JM Smucker cited high coffee price struggles and tariff-related costs in the earnings call while officials running a Canadian supermarket dropped Folgers coffee from their shelves.
On the earnings call, the main topics covered were coffee prices and trade uncertainty due to the US tariff agenda. Days prior, leaders at the Canadian grocery store, Loblaw...
ANALYSIS: Brazil’s May Beef Exports Down 9.7% MoM to 218,066 mt, as US Shipments Drop Nearly 50%
Brazilian beef exports (chilled or frozen) dropped to 218,066 metric tons (mt) in May, according to the latest data released by Brazil’s Ministry of Development, Industry, Trade, and Services. This is 9.7% lower compared to April’s figure, but still reflected a 2.9% growth YoY.
Shipments to China represented 50.9% of that volume, or 111,030 mt, up 4.1% MoM and 13.4% higher than last year, firmly securing China’s position as the leading destination for Brazilian beef. China’s...
Convenience Store M&A Activity Suggests More Consolidation is Coming
The pace of merger and acquisition activity in the U.S. convenience store sector is accelerating with recent trends suggesting the nation’s c-store landscape is ripe for more change. While most of the transactions in 2024 involved smaller chains or single-store operators, several larger operators inked deals to significantly expand their footprints into new regions.
According to a new research brief from CoBank’s Knowledge Exchange, c-store consolidation stands to disproportionally affect rural communities, many of which lack a grocery store or access...
Brazil Confirms New HPAI Outbreak in Backyard Poultry
On Saturday, June 7, the Ministry of Agriculture and Livestock confirmed the detection of bird flu in a backyard flock from the municipality of Campinápolis, in the state of Mato Grosso in Brazil.
The Official Veterinary Service closed the property and collected samples for laboratory analysis, which confirmed the outbreak. This marks the fourth case of avian influenza detected in backyard poultry in Brazil.
On Sunday, June 8, eradication measures and surveillance actions began within a 10 km radius of the outbreak...
Outbreak Investigation of Salmonella: Shelled Eggs
The FDA and CDC, in collaboration with state and local partners, are investigating illnesses in a multistate outbreak of Salmonella Enteritidis infections linked to brown cage free eggs and brown certified organic eggs supplied by August Egg Company, Hilmar, CA.
Based on epidemiological information collected by CDC, a total of 79 people infected with the outbreak strain of Salmonella have been reported from seven states. Illnesses started on dates ranging from February 24, 2025, to May 17, 2025. Twenty-seven of 30 cases with information available reported exposure to eggs or...
Tariff Talks 2025: Expana's Weekly Rundown #12
Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.
Click to read "Tariff Talks 2025: Expana's Weekly Rundown #12."
This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...
Cargill to Invest $90 Million in Fort Morgan Beef Plant in Colorado
Cargill will invest nearly $90 million in automation and advanced technologies at its Fort Morgan beef processing facility in Colorado. The investments comes as part of its Factory of the Future initiative.
This effort aims to improve operational efficiency, increase yield, and enhance safety and inclusivity for employees. Since 2021, Cargill has already invested nearly $24 million in technology upgrades at the Fort Morgan site.
A key innovation being introduced is CarVe, Cargill’s proprietary, patent-pending computer vision...
ANALYSIS: The Butts Are Back, Grilling Season Sparks Price Spike in May
May was marked by a robust rally in pork butt values, propelled by seasonal pulled pork demand, strong export pull, and tightening supply fundamentals. With grilling season well underway and the Fourth of July approaching, sentiments among some market participants remain bullish, particularly as processors and retailers continue to feature this item in promotional rotations and value-added offerings.
¼ trim bone-in butt values averaged $1.46/lb in May, reflecting a full steady to firm tone. This cut experienced a...
ANALYSIS: Chicken Hatch Remains on YOY Upswing
In the chicken market, persistent uncertainty around disease risk, pockets of seasonally atypical market movement, and global trade tension continue to complicate forward-looking strategies for buyers and sellers alike. This environment is pushing stakeholders to seek clearer signals amid the noise. In that regard, hatchery performance is one of the few guiding lights in an otherwise volatile market landscape.
According to the latest USDA hatchery figures, both eggs set and chicks placed continue to post steady year-over-year (YOY) gains. Egg sets for the week ending May 31 reached...
ANALYSIS: From Boom to Bottleneck, 10 Years of US-China Beef Trade and What’s Next
After more than a decade of building momentum, US beef exports to China hit a wall in Q2 2025 as tariffs disrupted one of the world’s most dynamic meat trade lanes. The pause in duties since mid-May has since eased tensions, but trade has yet to see signs of reviving.
Over the years, China became US’s third largest key destination for American grain-fed cuts especially offal cuts, prized for their suitability in local cuisine.
While the reprieve is welcome...
KFC Relaunches $7 Fill Ups Nationwide, Partners with F1® THE MOVIE for Summer Campaign
KFC is bringing back its popular $7 Fill Ups, offering four complete meal options at a strong value price point. The return aligns with a nationwide marketing partnership with F1® THE MOVIE, positioning KFC as a go-to stop for quick, satisfying meals this summer.
$7 Fill Ups – Available Now Nationwide:Each Fill Up includes an entrée, mashed potatoes with gravy, a biscuit, two pie poppers, and a medium drink.
Marex Expands into Brazilian Agriculture with Acquisition of Agrinvest Commodities
Financial services platform Marex Group plc has acquired Brazilian agricultural commodities firm Agrinvest Commodities.
The acquisition will enable Marex to deepen its presence in Latin America by adding physical commodity services in Brazil to its already established derivatives operations in the country. Agrinvest specializes in connecting buyers and sellers of agricultural products such as corn and soybeans and offers strategic consulting on hedging and commercial positioning.
Agrinvest has a client base of approximately 1,300 and a team of 100 employees.
The financial terms of the deal were not disclosed.
Navigating the Trump Tariff Turbulence: A Comprehensive Timeline
US President Donald Trump and his administration have paused reciprocal tariffs on most countries.
“Based on the lack of respect that China has shown... I am hereby raising the [tariff] charged to China by the [USA] to 125%, effective immediately,” wrote Trump on Truth Social at 1:18 pm ET.
It’s not clear if this 125% is in addition to the 20% imposed on Chinese imports to the US. In early March, Trump noted that he would add another 10% tariff on Chinese goods...
Coke Florida Names New Leaders for Distribution and Manufacturing Operations
Coca-Cola Beverages Florida, LLC announced two strategic leadership promotions that further strengthen its operational leadership team.
Yancy Appointed Vice President, Distribution Operations
Yancy, currently serving as Vice President, Manufacturing Operations, has been appointed Vice President, Distribution Operations. In this role, he will lead the execution of Coke Florida’s end-to-end distribution strategy, encompassing traditional and automated warehousing, as well as fleet operations across the company’s statewide footprint.
Yancy brings more than 15 years of experience within the Coca-Cola system and has been with Coke Florida since 2017, driving performance across manufacturing and supply chain functions.
EU Egg Market Sentiment Heading Into Summer
As the EU egg market moves into the summer period, sentiment is becoming increasingly two-sided. Summer is traditionally marked by a seasonal slowdown in trading activity, as consumer habits shift and production schedules ease.
This seasonal dip has already begun to take hold, with buying interest noticeably subdued throughout May. However, the usual expectations of softer summer demand are being weighed against a backdrop of heightened supply-side risk. Concerns over future availability, particularly following avian influenza-related flock reductions in Poland—are beginning to shape market psychology...
ANALYSIS: Supply-Driven Pricing in the Turkey Market
The number of turkeys processed in April was at an all-time low, following a trend that was established in August of last year. HPAI, avian metapneumovirus, and economic limitations all continue to impact the availability of supplies. The record low supplies are influencing an extremely bullish market as 21 of Expana’s quotations reach all-time high levels. Still, participants on both sides of the negotiation table lament the lack of offerings. Many sellers have reportedly taken a cautious approach when it comes to the pricing of certain lines, especially...
ANALYSIS: Brazil’s Recent FMD-Free Status and Potential Implications for Global Beef Trade
In recent developments, Brazil has been officially recognized as free from foot-and-mouth disease (FMD) without vaccination by the World Organization for Animal Health (WOAH), as announced during the 92nd General Session held in Paris this week. The new status marks a significant milestone in Brazil’s long-term efforts to strengthen animal health systems and bolster sanitary credibility in international markets.
FMD is a highly contagious viral disease affecting livestock, including cattle, swine, sheep, goats and other cloven-hoofed ruminants...
Cargill Seeks Full Ownership of Australian Beef Producer Teys
Australian Teys Investments and Cargill have announced on Thursday, Cargill, via a subsidiary, has agreed to increase its stake in Teys to 100%. This includes Teys Australia and Teys USA.
Teys is specialized in Australian beef to both the national and international market. Cargill has already held stake on Teys for the past 14 years, Teys said.
“The Teys family is immensely proud to have grown our business into a premier provider of beef to our customers and Australian families. Cargill has been instrumental in our transformation...
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