New dairy data from the USDA shows the extent to which milk prices have fallen in the US and elsewhere in recent months, as increased production and higher stocks of processed products are putting pressure on prices. The farm gate price for class III milk (for cheese) in March was 33.3% down on March 2014, […]
The latest US Livestock and Poultry Outlook report shows the extent that Avian Influenza related restrictions are impacting on US poultry exports. Total broiler shipments in February were 17% down on February 2015. Export bans by China and South Korea went into effect in January, on top of an existing ban by Russia. The continued […]
The USDA has released its latest data on milk production costs. The average costs of producing a cwt of milk in the US in January 2015, was 6% down on December 2014, and 8% down on January 2014. The biggest drop was in the cost of purchased feed which was 16% down on December, and […]
A relatively strong US dollar is impacting on the meat trade with beef imports into the US reported to be 63.7% up in January 2015, compared with January 2014. The increased imports are mainly coming from Australia, New Zealand, and Nicaragua. The USDA is predicting that US beef imports for Q1 2015 will be 31.7% […]
The latest USDA livestock outlook report suggest that the US cattle herd is continuing to recover with cattle numbers up on this time last year, however the report suggests that this is likely to put pressure on cattle prices during the rest of 2015. Beef cow numbers are up by 2%, whilst heifers for beef […]
The latest USDA meat production figures are out for 2014, beef is estimated as down by 5.7% on 2013, pig meat down by 1.5%, whilst poultry meat is up by 1.5%. The fall in beef production is being driven by falling cattle slaughter numbers, down by 7.1% year on year, with cattle in historically short […]
Latest dairy production figures for the US show that production in December 2014 was 3.2% up on December 2013, with cow numbers 1.3% up. Retail milk prices were 4.3% up; the bad news for farmers is that farm gate prices are 7.7% down.