Weekly global protein digest: China halts meat imports from 2 US beef plants, US and global dairy report

Published 2024년 8월 9일

Tridge summary

The article provides an overview of the current state of the agricultural market, with a focus on beef, pork, and dairy product sales and prices in the United States and globally. It reports a decrease in net US beef sales by 43 percent from the previous week, with increases in sales to South Korea, Japan, Mexico, China, and Canada. Pork sales saw a 10 percent increase from the previous week, with significant growth in Mexico, China, Japan, Colombia, and Canada. Dairy product prices in the US are experiencing changes, with tightening milk availability leading to steady or lighter cheese production schedules and tighter cheese inventories. High milk volumes are declining due to summer heat, and Class I demand is increasing as regions prepare for the start of school. The article also reports bans on poultry and related products from Brazil due to an outbreak of Newcastle disease, and concerns about the detection of ractopamine in meat destined for export. Additionally, the article covers milk production and retail trends in West Europe, East Europe, Australia, New Zealand, and Argentina, and a significant increase in organic dairy ads in the US.

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

Original content

Beef: Net US sales of 10,000 MT for 2024 were down 43 percent from the previous week and 27 percent from the prior 4-week average. Increases were primarily for South Korea (3,900 MT, including decreases of 200 MT), Japan (1,900 MT, including decreases of 400 MT), Mexico (1,200 MT, including decreases of 100 MT), China (700 MT, including decreases of 100 MT), and Canada (600 MT, including decreases of 100 MT). Exports of 15,400 MT were down 5 percent from the previous week and 2 percent from the prior 4-week average. The destinations were primarily to Japan (4,000 MT), South Korea (3,400 MT), China (2,700 MT), Mexico (1,600 MT), and Taiwan (1,200 MT). Pork: Net US sales of 34,600 MT for 2024 were up 10 percent from the previous week and 24 percent from the prior 4-week average. Increases were primarily for Mexico (14,800 MT, including decreases of 400 MT), China (7,400 MT), Japan (2,900 MT, including decreases of 400 MT), Colombia (2,500 MT, including decreases of 100 MT), and ...

Source: The Cattle Site