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% […]
Category: Market Update
USDA Livestock Outlook
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 […]
Recent USDA reports on the oilseed market show the impact of falling oil prices and tariff rate changes in the EU – with falling prices for bio-diesel driving down demand for palm oil in Malaysia and Indonesia. These developments clearly show the inter-dependency of food and energy markets.
US Meat Production 2014
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 US Dairy Data
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.