In its latest report called Livestock and Poultry: World Markets and Trade, the USDA said global beef production was projected to expand to record levels in 2022 with increased production in Brazil, China, India, Australia and Mexico offsetting decreased production in the US, Canada, the EU and Argentina. Derrell Peel, Oklahoma State University Extension Livestock … Read More

Large commodity index funds, known as managed money, cut their collective net long live cattle position about 3% during the week ended Tuesday while hedgers trimmed their total net short positions by 0.2%. The data from the Commodity Futures Trading Commission came from the weekly Commitments of Traders Report Friday.   FUNDS CUT LIVE CATTLE … Read More

China’s import demand for pork surged in the wake of supply deficits caused by African Swine Fever, said the USDA’s Foreign Agricultural Service in the latest Livestock and Poultry: World Markets and Trade. As China’s pork production declined by nearly a third in 2020, imports nearly quadrupled, and China accounted for more than 40% of … Read More

A study by Georgetown University and published in Science magazine showing the presence of antibiotics in cattle destined for a “Raised Without Antibiotics” label is raising hackles among some food watchdogs and veterinarians. On one hand, there are calls for a massive beef recall based on the results, but on the other hand, there are … Read More

The 2022 USDA forecast for total red meat and poultry production was lowered from last month, as reduced forecasts for pork and poultry offset a higher forecast for beef, the USDA said in Friday’s monthly World Supply and Demand Estimates report.   BEEF PRODUCTION FORECAST RAISED   The beef production forecast was raised 140 million … Read More

The 2022 USDA forecast for total red meat and poultry production was lowered from last month, as reduced forecasts for pork and poultry offset a higher forecast for beef, the USDA said in Friday’s monthly World Supply and Demand Estimates report.   BEEF PRODUCTION FORECAST RAISED   The beef production forecast was raised 140 million … Read More

US beef exports posted another strong performance in February, according to data released by USDA and compiled by the US Meat Export Federation, led by excellent value growth in key Asian and Latin American markets. The USMEF added in a release that February pork exports trended lower year-over-year, as larger shipments to Mexico and Japan … Read More