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Brazil's Chicken Exports Hit Highs Despite YoY Drop and Stagnant Prices

In March 2024, Brazil's chicken meat exports reached a peak, totaling 418,100 tonnes. This volume marks the highest recorded for the year yet reflects an 18.8% decrease from March 2023's unprecedented 514,600 tonnes.

Revenue from chicken exports also declined by 23.4% year-on-year, from $980.5 million to $751.3 million. Domestically, prices paid to chicken producers has remained stubbornly low over the past six months, ranging from approximately R$ 7.20/kg in October 2023 to R$ 7.32/kg as of March 2024, according to...

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Apr 12 9:42 AM, FeedInfo



ANALYSIS: "Falling Feathers"- A Retreat in February's Chicken Export Volume...

February’s closing export tally primarily speaks to a contraction in total outward tonnage. Closing the month at 546.8 million pounds, one would have to venture all the way back to 2017 before coming across a lower seasonal figure. When compared with ’23, total volume retreated by 10.2%, or 62.3 million pounds. While the cumulative data almost speaks for itself, it is worth noting that the year-over-year (YoY) retreat in demand for U.S. chicken was not necessarily felt universally across all trade destinations...

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Apr 12 7:32 AM, Urner Barry


ANALYSIS: Turkey Exports Tonnage: Greater Than What Meets the Eye

The turkey export figures were quite a sight to behold throughout the month of February. At 36.4 million pounds, total outward tonnage rose on a year-over-year (YoY) basis for the ninth consecutive month in a row. The most recent data gave way to a notable 46% advance from 2023. This was enough to position February’s closing figure at the highest seasonal level observed since 2021.

Total export value also realized a 20% uptick from the previous year. Although month-over-month (MoM) volume retreated by 0.07%...

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Apr 11 8:15 AM, Urner Barry


Import Cargo To Hit 2 Million Containers For First Time Since Last Fall

Next month’s inbound cargo volume at the nation’s major container ports is expected to top 2 million units for the first time since last fall as imports grow despite new supply chain challenges, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“U.S. imports are continuing to increase despite another disruption impacting U.S. ports,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “As retailers have adjusted to limits...

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Apr 10 9:00 AM, Urner Barry


ANALYSIS: Australia's March Beef/Veal Exports Reach Highest Levels Since 2014, US Takes Top Spot

Australia’s beef/veal exports for March surged to levels not seen since 2014, up 7.7% y-o-y or up 7,595 mt to 106,573 mt, data from the Department of Agriculture, Fisheries, and Forestry (D.A.F.F) indicated. This also pointed to a consecutive monthly increase of 12,739 mt or 13.6% m-o-m. 

Notably, the US has taken over as the largest export destination for Australia, surpassing Japan, for the first time since 2015. The Monthly Australian Meat Export figures to...

 

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Apr 10 8:00 AM, Urner Barry


Analysis: Weekly Record High Volume in US Fresh Imported Lamb Product

According to the USDA’s latest National Weekly Lamb Carcass & Lamb Cuts report, the week of March 11th, 2024, experienced the highest weekly national imported volume of fresh lamb products to the US recorded since data collection began in 2005, totaling 4,424,235 pounds.

This represents a substantial increase, showing a 19.4% rise in the year-to-date total volume compared to this same period last year, and highlights a peak in demand activity as Easter 2024 approached. A significant portion...

 

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Apr 5 8:00 AM, Urner Barry


Trade and Exports Continue to Strengthen American Agriculture

American agriculture remains strong. Total U.S. agricultural exports reached $174.9 billion in 2023. American farmers, ranchers, and agribusiness owners continue to have success abroad as USDA’s Foreign Agricultural Service works for U.S. agriculture.

Exports are critical to the health of America’s farm sector and the nation’s economy. USDA and the Biden-Harris Administration are committed to ensuring that U.S. agriculture has full and fair access to markets and opportunities across the globe.

In the trade policy arena, USDA successfully opened a new grapefruit market in Vietnam...

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Apr 1 8:02 AM, Urner Barry


US Egg Industry Leaders Embark on USDA Trade Mission to South Korea

South Korea a priority target in strategic industry goal to double U.S. egg exports in five years

American Egg Board President and CEO Emily Metz and Greg Hinton, VP of sales at Rose Acre Farms in Seymour, Indiana, this week are accompanying agriculture and food industry leaders and various state secretaries of agriculture on a U.S. Department of Agriculture agribusiness trade mission to Seoul, South Korea, led by Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor, March 25-28...

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Mar 29 8:00 AM, Urner Barry


Majority of EU Countries Ask Bloc to Scale Back Deforestation Law

Some 20 members of the European Union asked Brussels to scale back and possibly suspend the bloc's anti-deforestation law on Tuesday, saying the policy would harm farmers, in the latest blowback against Europe's environmental agenda.

The EU law aims to root deforestation out of supply chains for beef, soy and other agricultural products sold in Europe, so that European consumers are not contributing to the destruction of global forests from the Amazon to Southeast Asia.

Those rules equally apply to European farmers, who will be banned from exporting...

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Mar 27 8:49 AM, Urner Barry


ANALYSIS: The Surge in Boneless Beef Imports Amidst Constrained U.S. Herd

The UB Beef Trimmings, 90% Fresh Chemical Lean quotation reached a record weighted average high of $333.25 per hundredweight on March 18, 2024. Meanwhile, according to the USDA’s latest Semi-Annual Cattle Inventory report, the number of beef cows were reported at 28.2 million head, the lowest level since 1961.

With constrained availability of cows in the domestic market and record high pricing for lean trim, end users look to alternatives to satisfy demand.  They have done so quite successfully through imported boneless beef...

 

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Mar 20 8:13 AM, Urner Barry


ANALYSIS: January Chicken Exports Off to a Strong Start

Although it may not be immediately evident based solely on the data, chicken export movement kicked off the year with quite a bang. Despite a 3.4%, or 21.6 million pound, year-over-year (YoY) reduction in total outward tonnage, January’s closing tally of 608.7 million pounds, was enough to position seasonal export figures at the third highest level realized in three decades.

Much like the annual comparisons, the month-over-month (MoM) figures also brought with them a modest reduction of 3.4%, or 21.6 million pounds...

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Mar 15 8:10 AM, Urner Barry


ANALYSIS: South American Beef Exporters Diversifying Beyond China In 2024

As we approach the end of the first quarter of 2024, a subtle yet discernible trend is emerging among major South American beef exporters, particularly Brazil and Uruguay. These countries are showing a tendency towards exploring attractive markets for their beef exports. This strategy doesn't signify a major shift away from China, remaining as the world's largest beef consumer, but rather an adaptive response to diversify their export destinations.

This trend becomes evident when analyzing the beef export data up to February 2024 (frozen, fresh or chilled)...

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Mar 15 8:00 AM, Urner Barry


Another 38 Brazilian Slaughterhouses Can Export Meat to China

Number of license issuances in a single advertisement is the highest ever recorded in history

In the year in which Brazil celebrates 50 years of diplomatic relations with China, another 38 Brazilian meat processing plants were authorized to sell meat to the Asian country, according to a statement from the General Administration of Customs of China (GACC) sent to the Ministry of Agriculture and Livestock (Map) this Tuesday ( 12) .

38 licenses were granted, including eight chicken slaughterhouses, 24 cattle slaughterhouses, a beef thermoprocessing establishment and five...

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Mar 12 8:53 AM, Urner Barry


ANALYSIS: South American Beef Exporters Diversifying Beyond China In 2024

As we approach the end of the first quarter of 2024, a subtle yet discernible trend is emerging among major South American beef exporters, particularly Brazil and Uruguay. These countries are showing a tendency towards exploring attractive markets for their beef exports. This strategy doesn't signify a major shift away from China, remaining as the world's largest beef consumer, but rather an adaptive response to diversify their export destinations.

This trend becomes evident when analyzing the beef export data up to February 2024 (frozen, fresh or chilled)...

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Mar 12 7:47 AM, Urner Barry


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...

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Mar 11 8:02 AM, Urner Barry


Import Cargo Returning to Normal After Red Sea Disruptions

With the supply chain adjusting to ongoing Houthi rebel attacks on commercial vessels in the Red Sea, inbound cargo volume at the nation’s major container ports remains on track to show year-over-year increases through the first half of 2024, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Retailers continue to work with their partners to mitigate the impact of disruptions from the Red Sea and Panama Canal restrictions,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said...

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Mar 8 2:50 PM, Urner Barry


ANALYSIS: Australia’s Beef Exports Continued to Rise Behind Higher Output, Strong Demand

Australia’s beef/veal exports for February continued to rise, nearing levels last seen in Feb 19, up 24% m-o-m or 18,249 mt to 93,834 mt, driven by higher country output and robust demand from Asia and the US, data from the Department of Agriculture, Fisheries, and Forestry (D.A.F.F) indicated.

The ongoing upward trajectory since the start of the year is also attributed to increased processing intensity, eased export restrictions with China, and rising cattle slaughter rates.

Notably, exports to Japan reached a 52-week high at 23,794 mt...

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Mar 7 9:34 AM, Urner Barry


JBS Australia to Double Production Capacity at Dinmore Beef Facility

JBS Australia recently started a second shift at its Dinmore beef processing facility in Queensland. The company hired 300 additional staff for the expansion.

According to JBS Australia, a gradual ramp-up of production can be expected over the next 4-5 months, resulting in the site doubling its daily processing capacity.

According to JBS Australia, JBS Dinmore is the southern hemisphere’s largest beef processing plant. It accounted for approximately 10% of Australia’s total beef processing capacity when the company announced that it would invest...

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Mar 1 8:32 AM, FeedInfo


USDA Under Secretary Alexis Taylor to Lead Historic Native Nations Agribusiness Trade Mission 

U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor will lead an historic agribusiness trade mission to Vancouver, British Columbia, Canada, from June 17-20, 2024. This USDA mission will be the first of its kind, specifically highlighting products made and produced by tribal agribusinesses.

USDA is excited the trade mission will highlight the reinvigoration of historic agricultural trade networks amongst Native Nations across the United States and Canada. Participants will be tribal producers with the Made/Produced by American Indians...

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Feb 22 10:20 AM, Urner Barry


CMC, COMECARNE & Meat Institute Sign Joint Statement of Coordination

To deepen meat industry coordination and government collaboration in Canada, Mexico and the United States, the Canadian Meat Council (CMC), Consejo Mexicano de la Carne (COMECARNE), and the Meat Institute signed a Memorandum of Understanding (MOU) that formalizes the three associations’ ongoing work to improve trade, reduce regulatory barriers and enhance information exchange within North America. The organizations also finalized a Joint Statement of Coordination that emphasizes their collective commitment to addressing foreign animal diseases, sustainability and non-tariff trade barriers.

The MOU and Joint Statement were shared during COMECARNE’s...

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Feb 21 9:44 AM, Urner Barry


ANALYSIS: A Closer Look at Formula vs. Negotiated Sales in the Boneless Beef Segment

In the domestic boneless beef sector, it is widely acknowledged that a significant volume of trade is conducted through formula pricing agreements. This analysis delves into this phenomenon, utilizing the volume reported by the USDA of fresh 50% lean trim as an example.

The chart above illustrates that, for the week ending 2/16/2024, 86.57% of the fresh 50% lean trim traded was priced through formulated agreements. To break this down, out of the total trade volume of 19.28M lbs.,16.69M lbs...

 

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Feb 21 8:16 AM, Urner Barry


ANALYSIS: December Chicken Export Volume Reaches New Seasonal Altitude

Judging by the year-end numbers, chicken export movement concluded 2023 under a relatively robust backdrop, especially when considering the ongoing global trade complications related to HPAI. At 645.2 million pounds, total outbound tonnage during December not only surpassed the previous year by 7.4%, or 66.1 million pounds, but also hit a record seasonal high.

The cumulative data, however, tells a slightly different story of how the year played out. Between January and December, total export volume retreated by 4.2% when compared with the previous year...

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Feb 16 11:12 AM, Urner Barry


Cleveland-Cliffs to Idle Weirton Tinplate Facility Following Unfavorable ITC Ruling

Cleveland-Cliffs Inc. announced today that it will be indefinitely idling its tinplate production plant located in Weirton, West Virginia in April 2024. The need to idle the Weirton plant is a direct result of the unanimous decision issued by all four members of the International Trade Commission (ITC) negating the implementation of anti-dumping and countervailing duties on tin mill products calculated by the Department of Commerce. A WARN notice is being issued today to approximately 900 impacted employees...

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Feb 15 8:07 AM, Urner Barry


ANALYSIS: December Turkey Exports Leave Room For Interpretation

While Highly Pathogenic Avian Influenza (HPAI) has been slow to relinquish its ugly grasp on the turkey industry, December’s ending export figures didn’t deviate too far from the established seasonal course.

As 2023 came to a close, total outbound volume hit 42.1 million pounds. So what does this mean for market participants? Sentiment is highly dependent on one’s vantage point. On one hand, December’s export tally marks a significant 43.1% advance when compared to the year prior. On the opposite hand, it is important to bear in mind that 2022’s sweeping...

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Feb 15 6:28 AM, Urner Barry


ANALYSIS: January's Shifting Trends in Brazilian Beef Export Dynamics

The recently released  Brazilian export data for January unveiled significant shifts in the beef market, signaling a slightly broader diversification of Brazilian beef export destinations early this year.

While China remains the dominant player, its share saw a slight decline, as frozen boneless beef exports to China dropped by 11.8% from the same time of last year, amounting to a massive volume of 96,329 metric tons (MT) compared to 98,857 MT for the previous January, aligned with a 9.49% reduction in the average price per MT. This decline in prices reflects...

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Feb 15 6:22 AM, Urner Barry


U.S. Pork Export Value Sets Annual Record; Strong Finish for Beef Exports

Led by a record-shattering performance in Mexico and broad-based growth in other markets, U.S. pork exports set a value record in 2023, according to year-end data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). While 2023 beef exports were below the record totals posted the previous year, December exports were the largest since August and December export value increased 10% year-over-year.

December pork exports climbed nearly 10% from a year ago to 268,399 metric tons...

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Feb 9 9:11 AM, Urner Barry


Canada Concerned That VCOOL Rule and Prop 12 Could Disrupt Supply Chains

Canadian Agriculture Minister Lawrence MacAulay met with U.S. Agriculture Secretary Tom Vilsack in Washington D.C. last month to discuss strengthening agricultural ties between the two countries.

During their meeting, Minister MacAulay raised proposed changes in voluntary country-of-origin labeling (VCOOL) regulations for meat and livestock. These regulations along with California's Proposition 12 could restrict trade and disrupt supply chains, said the Minister. 

The USDA proposed a rule last March that allows the voluntary “Product of USA” or “Made in the USA” label claim to be used on...

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Feb 8 9:26 AM, UB Newswires


UK Pork Producers Explore Export Opportunities to CA Amid Prop 12 Enforcement

British meat producers are exploring export opportunities to California after Proposition 12 went into full enforcement on January 1, 2024.

Proposition 12 originated as a ballot initiative in 2018 and was upheld by the Supreme Court in a 5-4 decision on May 11, 2023. The Californian law prohibits the sale of meat and eggs in the state that were raised under certain farming conditions.

Under the law, breeding pigs must have a minimum of 24 square feet of usable floor space per animal. Proposition 12 applies to...

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Feb 1 6:55 AM, UB Newswires


U.S. Pork and Beef Nutrition Showcased at Ironman Event in Colombia

USMEF partnered with Colombian importers to promote U.S. pork and beef nutrition and product availability during an athletic competition in Cartagena. When promoting the health and nutritional benefits of high-quality U.S. pork and beef in Latin America, USMEF sometimes establishes a high-profile U.S. industry presence at targeted events in key markets. One recent event was in Colombia, where an Ironman competition brought health and nutrition-conscious athletes and families together for three days in Cartagena.

With an audience focused on nutrition and athletic performance, USMEF put...

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Jan 26 7:40 AM, Urner Barry







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