USDA recently reduced its forecast for beef production in 2018 by 30 million pounds. The new forecast is 26.9 billion pounds. The slight revision is based on numbers at the end of the third quarter, and from fourth-quarter expectations of slightly fewer steers and heifers to be slaughtered and fewer bulls in the slaughter mix. The industry website Meating Place …
Extra Beef, Pork Supplies Pressuring Chicken
Trade issues have led to an increasing supply of beef and pork, which in turn is pressuring poultry sales. The extra beef and pork means retailers are featuring those products more than poultry, luring consumers away from chicken purchases. Pilgrim’s Pride CEO Bill Lovette says the chicken processor posted a sharp drop in third-quarter earnings. The drop was attributed to …
USMCA Predicted to Boost Protein Exports
Industry experts say the new U.S.-Mexico-Canada Trade Agreement (USMCA) could lead to modest export gains for U.S. poultry, pork, and beef. A new report from CoBank says the agreement is expected to keep tariffs on food and agriculture between the three countries at zero. The report says the U.S. chicken sector exports are predicted to rise 47,000 metric tons in …
Farm Groups Keep Pressure On to Formalize Meat Definition
The National Farmers Union has sent a second letter to the Food and Drug Administration regarding the labeling of cell-cultured meat. The letter calls for officials to finally formalize the definition of protein products that don’t come from livestock and are currently labeled as cell-cultured “meat.” The industry website Meating Place Dot Com says the group wants the FDA to …
Demand is Strong for Beef, Not so Much for Turkey
There’s more meat in the country this year compared to last year, but according to a story from Stephanie Ho, demand is not the same for the different kinds of meat. Demand is Strong for Beef, Not so Much for Turkey Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, …
Updated KORUS Protects Current Market Share
The new KORUS agreement offers a sigh of relief for U.S. beef and pork. The U.S. Meat Export Federation says the market access terms secured in the original KORUS not only helped increase U.S. red meat’s market share in South Korea, but also bolstered consumption by making U.S. beef and pork products more affordable and accessible to Korean consumers. Those …
Celebrating National Cheeseburger Day
Break out the grill and grab the buns. Cathy Isom lets you know why you’ll want to get your hands on America’s favorite sandwich today. That’s coming up on This Land of Ours. Celebrating National Cheeseburger Day America’s favorite sandwich – the hamburger – with a slice of cheese – and all of the trimmings – is being honored today. It’s …
USDA Says Meat and Animal Product Exports up in 2018
All major U.S. animal protein sources experienced growth in exports in the first half of 2018 compared to the same period in 2017. The Department of Agriculture’s Economic Research Service said this week that trade data for the first half of the year indicate year-over-year growth for U.S. exports of all major meats as well as dairy and eggs. Dairy …
Meats Battle for Market Share
Production of all the major meats will likely increase next year, and according to a story from Gary Crawford, that could set up a fierce battle for market share. Meats Battle for Market Share Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Insight into USDA Feeder Calf Grading Standards
Understanding USDA’s guidance for grading feedlot-bound beef cattle can assist producers in getting a better price for their animals at sale. Rod Bain reports. Insight into USDA Feeder Calf Grading Standards Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024