JBS Q1 2025 Net Profit Up 50% on Pork, Poultry Gains

Brazilian meat company JBS reported a 50.5% increase in net profit in the first quarter of 2025 reaching 2.92 billion reais ($521 million). Revenue rose 8.5% to $19.5 billion.

The company said strong results in its pork and poultry operations offset continued weakness in North American beef. Seara, its Brazil-based unit, reported an EBITDA margin of 19.8%, while the North American beef business posted a negative 1.6% EBITDA margin, despite net sales up by 16%.

Beef margins were pressured by record cattle...

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...

China, UK Trade Talks Pose Positive Opportunities for US Animal Food Industry

The American Feed Industry Association (AFIA) is pleased to see a cooling of U.S. tariffs on and retaliatory tariffs from China and a proposed trade agreement with the United Kingdom coming to fruition, given discussions late last week and over the weekend between the U.S. and respective countries’ trade officials. Both China and the United Kingdom present valuable opportunities for U.S. animal food manufacturers, which produce some of the safest, highest quality and innovative feed, feed ingredients and pet food globally...

Tariff Talks 2025: Expana's Weekly Rundown #8

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 #8."

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...

ANALYSIS: EU Broiler Market Update - Price Momentum, Production Growth, and Export Potential

The EU broiler market has shown notable price resilience in recent months, as average prices reached EUR 2.88/kg by the end of April 2025. This marks a year-on-year increase of 9.3%, positioning EU broiler prices ahead of those in other major poultry-producing regions such as Brazil and Thailand.

Brazilian broiler prices remain significantly lower, despite modest gains in recent weeks. Current price levels are at approximately EUR 1.5 /kg, highlighting Brazil's continued cost competitiveness in the global poultry market...

ANALYSIS: Uruguay’s Beef Exports Fall in April Amid US Modest Growth and China's Persistent Downturn

According to the latest data from Uruguay’s National Customs Directorate, fresh beef exports totaled 28,142 metric tons (mt) in April. This corresponds to a 6.5% decline compared to March and a 7.0% drop Y-o-Y, reflecting softer demand from the Chinese market, partially offset by modest growth in other regions.

The US remained Uruguay’s top beef export destination after overtaking China two months ago, expanding its share to 41.7% of total volume shipped during April, or 11,723 mt. This represents a modest 2.6% M-o-M increase but a notable 42.6% gain...

ANALYSIS: Australia’s April 2025 Beef Exports Rebound 18.5% MoM as Cyclone Effects Fade

Australia exported 127,173 metric tons (mt) of beef in April 2025, up 18.5% month-on-month, as shipments rebounded sharply from a weather-disrupted March, according to data from the Department of Agriculture, Fisheries and Forestry (DAFF).

Shipments recovered following logistical interruptions caused by Ex-cyclone Alfred, during Australia’s most active tropical cyclone season in two decades. Port closures and road disruptions across Queensland, the country's key processing hub, had weighed heavily...

ANALYSIS: UK Lamb Export Market Update

The latest UK sheep meat export figures released by HM Revenue & Customs show that exports for February 2025 are 3.9% lower y-o-y at 6,165 tonnes. The cumulative January to February 2025 sheep meat exports are 2.2% lower than the same period in 2024.

In February, the top three export locations (France, Germany, Belgium) represent the majority of the decline, while the Netherlands had a 79% y-o-y increase. Despite export quantities declining in the first two months of February, export value is up and shows that there is good demand even with higher prices. Market participants reported last week that lamb exports have supported trade volumes and that prices from the Rungis market have held steady during April...

PODCAST: Agri-Food for Thought Ep 28 - M&A in the Global Agri-Food Industry, April 2025 Overview

Expana presents Agri-Food for Thought, the podcast series for agriculture and food professionals.

M&A in the global agri-food industry is an ongoing and very regular trend. Although many companies are hitting the brakes on M&A as they face tariffs and market uncertainty, hundreds of deals continue to take place each month.

On today's episode of Agri-Food for Thought, we showcase selected mergers and acquisitions in the agri-food sector that took place in April 2025.

Valeo Foods Acquires Italian Baker Freddi Dolciaria

Europe’s sweet snacks producer with footholds in the EU, UK, and Ireland has again expanded across Europe into Italy with the acquisition of Italian sweet baked goods producer, Freddi Dolciaria. A price of sale was not disclosed in the press release.

Currently, Valeo Foods has many recognized brands across Europe like Rowse honey, Jacob’s biscuits, Batchelor’s canned beans and peas, as well as Kettle crisps. Valeo will add Freddi Dolciaria brands like the bakery’s Swiss Roll products that contain ingredients like whole milk, Italian eggs, cocoa cream, chocolate flakes...

Tariff Talks 2025: Expana's Weekly Rundown #7

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 #7."

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...

Expana Establishes Advisory Board to Accelerate Growth and Global Impact in the Agrifood Sector

Expana, the world’s leading agrifood-focused Price Reporting Agency and global information provider, today announced the launch of its Advisory Board — a major step in advancing its commercial momentum, industry influence, and global reach.

The newly appointed Advisory Board brings together 12 senior executives from across the agrifood value chain with experience from a wide range of businesses including Tyson, Mars, PepsiCo, Nestle, Bunge, Compass Group, Goldman Sachs, General Mills and many more. This move reinforces Expana’s commitment to empowering businesses...

ANALYSIS: EU Retail Egg Prices Level Off, but Remain Elevated

Retail egg prices across the EU appear to be levelling off, though they remain at elevated levels. According to Eurostat data, the price of graded shell eggs rose by 18.33% from €2.40/kg in week 1 to a peak of €2.84/kg in week 13.

Egg consumption typically rises during the cooler months when home cooking becomes more prevalent. Beyond seasonal factors, structural shifts in consumer behaviour have also contributed to the sustained demand. As other protein sources such as beef reach record-high prices—largely due...

Employers: Croatian Agriculture Is Uncompetitive, Overindebted and Unproductive

Croatian agriculture is uncompetitive, heavily indebted and unproductive, the Association of the Food Industry and Agriculture of the Croatian Employers' Association (HUP) warned on Monday.

"Croatian agriculture is uncompetitive, heavily indebted and unproductive. We all profess our commitment to production and increasing output, but unless we acknowledge where we currently stand and why we are in this position, Croatia will not make the necessary strides forward and will, in the long term, be forced to depend on food imports for its citizens and on raw materials for the food industry," the employers said.

Hammersmith Protein Meal and Grains Report - 26 April 2025

While possible/planned tariffs are still important to the grain/oilseed business the 90 day extension on major tariffs has calmed the grain markets a little and we are now back looking at the weather. 

US corn futures prices were down by about USD 2 m/t this week while soybeans moved higher by about USD 3 m/t and soymeal drifted lower by USD 5 m/t. USA spring wheat futures moved lower by about USD 5 m/t with winter wheat slipping lower by about USD 6 m/t. 

Tariff Talks 2025: Expana's Weekly Rundown #6

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 #6."

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...

ANALYSIS: EU Egg Product Market Enters Spring with Mixed Signals

As the market returns from the Easter break, a cautious sentiment continues to shape the industrial egg sector. Demand remained subdued in the lead-up to the holidays, with buyers showing strong resistance to elevated asking prices and instead pushing for more favourable terms. Consequently, shell egg prices continued
their downward trend in the week heading into Easter...

Exclusive International Trade Centre Interview: Implications of Trump’s Tariff Regime

Julia Spies is the Chief of Trade and Market Intelligence for the International Trade Centre (ITC) in Switzerland. Spies and team analyze trade information and publish findings about market-specific trade intelligence on multiple online platforms, like Tradebriefs.intracen.org.

Recent shifts in the world of trade, including the latest round of United States tariffs and trade measures by other countries, has kept Spies and company busy, to say the least.

However, ITC members have watched trade measures, and in particular their impact on developing countries, long before these recent changes...

Tariff Talks 2025: Expana's Weekly Rundown #5

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 #5."

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...

PODCAST: Agri-Food for Thought Ep 26 - M&A in the Global Agri-Food Industry, March 2025 Overview

Expana presents Agri-Food for Thought, the podcast series for agriculture and food professionals.

M&A in the global agri-food industry is an ongoing and very regular trend. Although many companies are putting the brakes on M&A as they face tariffs and market uncertainty, hundreds of deals continue to take place each month.

On today's episode of Agri-Food for Thought, we showcase selected mergers and acquisitions in the agri-food sector that took place in March 2025.