Source: USDA, AgPresent As this year has been a whirlwind of issues in the processing world due to Covdi19, total beef production was severely impacted. Year-to-date total federally inspected slaughter by metric tons of commercial production is down -16.1%. Week 44 is down -1.1% over the previous week. With backlogs from spring, the industry continues…
U.S. beef producers have welcomed the newly formed USMCA, the U.S. Japan Trade Agreement, as well as the U.S. China Phase 1 Trade agreement. Hopes continue for increased foreign demand to bolster the down U.S. beef markets. Although the novel Corona Virus 2019 (Covid-19) is wreaking havoc on markets across the globe, trade flows have…
U.S. butter consumption is on track to continue its growth trend over the past two decades. As of November 2019, year-to-date commercial domestic consumption was up 17 million pounds, or 1%, totaling 1769.4 million pounds.
The FAO continues to update cases of ASF globally. Taking a look at Asia, there are continued new outbreaks being reported, with restocking slowly building. Take a look at their map that is periodically updated here.
Cheese imports for the top 6 countries continue to grow. Asia and North America continue to be top markets, with Russia slowly growing since the import sanctions in 2014, which are still in place for many Western countries (including the U.S. and E.U.). Japan continues to be the top market for the past five years.…
