The Trans-Pacific Partnership agreement (TPP) will no doubt enhance the competitiveness of U.S. mean on the Japanese market, according to the president and chief executive of the U.S. Meat Export Federation. Phil Seng said it is too early to make any volume increase forecasts, the outlook is strongly positive. “It will bring down the tariffs … Read More
Cattle on Feed in Focus as Beef Cutout Prices Remain Bullish
Bullish beef cutout sentiment continued Wednesday as packers sought product to meet demand but futures prices, although up a second straight day, were curbed by the Cattle on Feed report expectations on Friday. A rebound in packer margins to positive territory and a decline of about 13,000 cattle for sale this week, contributed to higher … Read More
Boxed Beef Rise Spurs Hopes for Higher Cash Cattle
Boxed beef prices thrust higher again Tuesday with choice reaching the highest average since January 18, pushing live cattle futures to solid gains and raising hopes for higher cash prices in coming days. Choice prices were up $3.54 to $231.01 and select boxes were $4.09 higher to $221.58. WTD slaughter was estimated at 223,000 head, … Read More
U.S., Peru Slice Beef Export Barriers
The U.S. and Peru have agreed to remove barriers that will open one of the fastest-growing markets in Latin American to all American beef and beef products. The restrictions have been in effect since 2003. In 2015, the United States exported $25.4 million in beef and beef products to Peru. Since the U.S.-Peru Trade Promotion … Read More
Commercials Still Building Cattle Shorts
Commercials continued to add to their net short positions in live cattle futures during the week ending March 8, according to the weekly Commitments of Traders report released on Friday by the Commodity Futures Trading Commission. The net short position of commercials was 65,343, up 4,881, or 13.3%, from the 60,462 for the previous week. … Read More
Cry for Argentina: They’re Importing Cattle
It’s not always the case that a new president will affect beef prices and production but take a look at Argentina, a country that has been synonymous with a good cut of meat for many years. Argentina once was the third-largest exporter, but those days are past. Beef is now so expensive in Argentina that … Read More
January Beef, Pork Exports Gain Over 2015 but Values Down
Exports of U.S. beef and pork held their own in January over a year ago, showing modestly-higher movement, but reaping less value. The export value for both beef and pork declined, according to a report from the U.S. Department of Agriculture. The data, compiled by the U.S. Meat Export Federation (USMEF), showed that beef exports … Read More