USDA issues its EU milk report and US cattle ranchers cry foul

Published 2021년 5월 25일

Tridge summary

The article provides an overview of recent developments in the global beef and dairy markets, highlighting issues such as export restrictions, market manipulation allegations, and the impact of COVID-19.

Argentina's temporary ban on beef exports has affected Brazilian processors, leading to changes in export destinations for US beef. The Iowa Cattlemen’s Association has called for an investigation into potential price manipulation by major packers, alleging anti-competitive practices that have limited competition and increased costs for producers. Despite these challenges, US beef exports have remained strong, with significant increases in sales and exports to various countries.

In the dairy sector, the European Union (EU) is projected to see a slight increase in milk production in 2021, driven by export demand and stable domestic demand, despite lower dairy herd inventories. The USDA anticipates growth in cheese, butter, whole milk, and nonfat dry milk (WDM) production due to higher milk deliveries, while fluid milk consumption is expected to remain stable. EU milk prices have slightly increased since January 2021, with cheese, WDM, butter, and NFDM prices all higher than last year.

Additionally, the article discusses the effects of COVID-19 on the dairy market, including temporary storage schemes and changes in market prices. It also notes a decrease in conventional dairy advertising numbers and prices in the US, with some exceptions like ice cream and organic milk, which have seen price increases.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Argentina’s ban on beef exports impacts Brazilian processors. US beef exports make a strong showing in latest week. Net sales of 56,900 metric tonnes (MT) reported for 2021 – a marketing-year high- were up noticeably from the previous week and from the prior four-week average. Increases primarily for the Netherlands (33,700 MT), China (9,200 MT), Japan (5,900 MT, including decreases of 500 MT), South Korea (4,500 MT, including decreases of 300 MT), and Taiwan (2,200 MT, including decreases of 100 MT), were offset by reductions for Belgium (100 MT). Exports of 53,100 MT – a marketing-year high – were up noticeably from the previous week and from the prior four-week average. The destinations were primarily to the Netherlands (33,700 MT), Japan (5,900 MT), South Korea (5,100 MT), China (2,900 MT), and Taiwan (1,400 MT). Iowa Cattle Association wants investigation of packer market manipulation The Iowa Cattlemen’s Association (ICA) in a letter to Attorney General Merrick Garland and ...

Source: eDairyNews