USA: Pork prices continue to fall on the CME

From October 28 to November 4, 2022, the cattle and pork futures market on the Chicago Mercantile Exchange developed in different directions. The quotations of pork and fattening cattle sank significantly, but showed a slight increase in the quotation of cattle meat in live weight, KazakhZerno.kz reports. In early November, the Food and Agriculture Organization of the United Nations (FAO) once again published a report on the world food price index. The index has been falling for the 7th month in a row since March, when it jumped to a record historical value. Compared to the September value, the decrease occurred by 0.1 points from 136.0 points to 135.9 points. Sub-indexes for dairy products, meat and sugar fell by 1.7%, 1.4% and 0.6% respectively. The USDA is looking to expand into new meat markets. To that end, $223 million in grants, loans and loan guarantees will be made available to enable meat processors, including poultry, to expand their production capacity in the face of ...