Maersk Lifts Guidance as Red Sea Disruption and Strong Demand Continue

Danish shipping company raises full-year guidance for the third time in as many months

A.P. Moeller-Maersk raised its full-year guidance for the third time in as many months as disruptions in the Red Sea and strong container shipping demand continue.

Container operators have been forced to send their vessels on longer routes around southern Africa's Cape of Good Hope to avoid the Red Sea after Houthi rebels began attacking commercial vessels at the end of last year, creating a shortage of vessels and port bottlenecks while...

Rapid Start for 2024 Pork Exports; Beef Export Value Above Year-Ago

U.S. pork exports raced to a great start in 2024, according to January data released by USDA and compiled by USMEF. While January beef exports were slightly below last year’s volume, export value trended significantly higher. Lamb exports were also strong in January, posting the highest value in more than four years.

Although January pork exports were led by another powerful performance in leading market Mexico, U.S. pork continued to make gains in a wide range of Western Hemisphere and Asia-Pacific destinations...

ANALYSIS: Strong Quality Grade, Demand Lull, Dampens Certified Angus Beef® Rib Prices

A lull in demand and an over-performing quality grade have led to a lackluster situation within the Certified Angus Beef® (CAB) rib primal. Both bone-in and boneless product are stuck below year-ago levels. Urner Barry’s CAB Lip-On UP quote is currently listed at $10.75/lb., about 2% below this time last year. The prices have also plummeted about 17% year-to-date but sit about 18% higher than the five-year average...

Paving the Way for Pork at Convenience Stores

Across the U.S., numerous pork products are being showcased in convenience stores, driving demand for high-quality pork and encouraging consumers to purchase pork more frequently.

While pork dominates breakfast offerings in convenience stores (c-stores), how do we get more pork purchased throughout the day? Collaborating closely with c-store partners, NPB is committed to developing new products, overcoming barriers, coordinating potential sales opportunities and moving more product in convenience stores.

Why Convenience Stores?

In a fast-paced world, consumers often opt for on-the-go meals. Creating innovative products specifically...