This week’s audio report from the U.S. Meat Export Federation (USMEF) discusses the team of pork, beef, corn and soybean producers who recently visited Tokyo to meet with Japanese meat buyers and other food industry professionals. The team worked to examine marketing opportunities for U.S. red meat in Japan, and also met with leading members of Tokyo’s food trade media. … Read More
USMEF Hosts Reception in South Africa
This week’s audio report from the U.S. Meat Export Federation (USMEF) comes to us from Johannesburg, South Africa, where USMEF is holding its first South Africa Seminar and Buyers Reception. At the reception, U.S. red meat exporters will have the opportunity to meet and network with importers from South Africa. “The regained access on beef and pork into South Africa … Read More
U.S. Pork, Beef Exports Solid in June
Statistics from USDA and the U.S. Meat Export Federation (USMEF) show that June export values for both pork and beef were the highest of the year, marking the second consecutive month of solid year-over-year volume growth. Pork exports were up 8 percent from a year ago, while export value increased 11 percent to $505.4 million. Exports accounted for 26 percent … Read More
USDA Safety Net Assistance for Milk Producers
Agriculture Secretary Tom Vilsack announced approximately $11.2 million in financial assistance to American dairy producers enrolled in the 2016 Margin Protection Program for Dairy (MPP-Dairy). The payment rate for May/June 2016 will be the largest since the program began in 2014. The narrowing margin between milk prices and the cost of feed triggered the payments, as provided for by the … Read More
Rabobank Releases Report on Protein Markets
A new report from the Rabobank Food & Agribusiness Research and Advisory group, “Chickens, Cows and Pigs…Oh My! Implications of Record U.S. Protein Expansion,” explores the impact of growth on the future of the market has just been released. As U.S. protein producers are currently seeing record growth in demand, prices over the next couple years are predicted to fall. … Read More
Strong May for US Red Meat Exports
Statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF) show that May was a strong month for U.S. red meat exports, with shipments of both beef and pork increasing significantly year-over-year and reaching 2016 highs. May beef export volume increased 12 percent from a year ago, and exports accounted for 14 percent of total beef production … Read More
USMEF Talks Brexit’s Impact on US Meat Exports
On this week’s audio report from the U.S. Meat Export Federation (USMEF) , Economist Erin Borror discusses the near-term and longer-term impact of the so-called “Brexit” referendum, with voters in the United Kingdom choosing to leave the European Union (EU), on global meat trade. “Our biggest concern presently is the impact on currencies, and we know with uncertainty there is … Read More
June Dairy Market Report
This month’s Dairy Market Report from Dairy Management Inc. and the National Milk Producers Federation (NMPF) shows that U.S. milk production was 1.2 percent higher in April than a year earlier.This interrupts the pattern of the three previous months, which had suggested the nation’s milk supply was experiencing a rapid growth spurt. Domestic commercial use of milk solids grew faster … Read More
Rabobank's Quarterly Beef Report
The new “Beef Quarterly Q2 2016: Volatility Challenges Beef Markets” report from the Rabobank Food & Agribusiness Research (FAR) and Advisory group is now available. The Rabobank global beef index ticked up in Q1 2016 after declining for much of 2015. However it shows signs of dropping again as softening prices in the U.S. and Canada battle strengthening prices in … Read More
Quarterly Hogs & Pigs Report
The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) published their Quarterly Hogs and Pigs report and as of June 1, there were 68.4 million hogs and pigs on U.S. farms, up 2 percent from June 2015, and up 1 percent from March 1, 2016. Other key findings in the report were: – Of the 68.4 million hogs and … Read More