Earlier this week we gave you the latest forecasts for the beef industry, but what about the pork and poultry industries? Gary Crawford has a look at what the projections are for production and prices for pork. And USDA Outlook Board Chairman Mark Jekanowski has the latest USDA forecasts for U.S. broiler production and prices. Sponsored ContentCIR Agriculture Harvester ProductsNovember …
Pork Board Receives $155 Million in Climate-Smart Funds
The National Pork Board (NPB) received three grants totaling $155 million as part of the USDA Partnerships for Climate-Smart Commodities funding. The three grants are part of the $2.8 billion awarded to 70 selected projects in the first round of funding for the program. The first grant, valued at $20 million, will incentivize soil health and manure management practice adoption and support …
Producers Convey Pork Industry Priorities during NPPC Fly-in
The National Pork Producers Council (NPPC) held its fall Legislative Action Conference last week, as nearly 100 pork producers were in Washington, D.C., meeting with their members of Congress to discuss pork industry priorities. Over the two-day event, producers asked lawmakers to: Press the Biden administration to join the 11-nation Comprehensive and Progressive Trans-Pacific Partnership and to negotiate an Indo-Pacific Economic Framework …
More Details from the Latest Red Meat Export Report
We told you earlier that a new report shows U.S. beef exports again topped $1 billion in July and posted the fifth-largest volume on record. The data, released by USDA and compiled by the U.S. Meat Export Federation (USMEF), shows beef exports were up 3% year-over-year, while export value increased 7% to $1.006 billion. USMEF President and CEO Dan Halstrom cites growth in Japan, China/Hong …
July Beef Exports Stay on $1 Billion per Month Pace
New data released by the U.S. Department of Agriculture (USDA) and compiled by the U.S. Meat Export Federation (USMEF) shows U.S. beef exports again topped $1 billion in July and posted the fifth-largest volume on record. The same report also shows pork exports, while still below last year’s pace, did continue to gain strength in Colombia and the Caribbean and …
USDA Awards Grants to Further Strengthen Meat and Poultry Supply Chains
(USDA/WASHINGTON, August 31, 2022) — The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) announced an additional $21.9 million of funding is being awarded to 111 grant projects through the Meat and Poultry Inspection Readiness Grant Program (MPIRG), bringing total funding to $54.6 million. This year’s awards will fund projects in 37 states. The funding will help strengthen and develop …
USDA Announces New Opportunities to Improve Nutrient Management
Now that both the U.S. Senate and House have passed the Inflation Reduction Act, it only awaits the signature of President Biden. And the U.S. Department of Agriculture (USDA) welcomed the passage of the Act, which they note will deliver $19.5 billion in new conservation funding to support climate-smart agriculture. Funding from the Act is designed to will bolster new steps …
Pork Exports Down First Half of 2022 but Show Signs of Improvement
U.S. pork exports for the first half of the year were down by 19% in volume and 18% in value over the same period of 2021, according to recently released data from the U.S. Department of Agriculture. From January through June, the U.S. pork industry shipped to foreign destinations almost 1.1 million metric tons (MT) of product valued at $3 …
Tyson Foods Reports Sales Slump
Reduced domestic and international demand for pork is hitting Tyson Foods, one of the nation’s top pork producers. The Arkansas-based meatpacker reported this week that the company earned approximately $25 million from its pork business for the three months ending on July 3. That’s about 63 percent lower than the same quarter in 2021. The company reports that China, the …
South Korea Opens Duty-Free Quota for Imported Beef
South Korea is currently the leading value market for U.S. beef exports, with shipments on pace to possibly reach $3 billion this year. But rising food prices are a concern in Korea, and the government is taking steps to ease the burden on consumers. As part of this effort, Korea recently opened a 100,000 metric ton duty-free quota on imported …