Tridge summary
The article provides a comprehensive overview of recent trends and developments in the agricultural and livestock industries for 2024, focusing on beef and pork sales, the impact of avian flu on egg production and dairy cattle, and global milk production trends. It highlights the increase in beef net sales and a decrease in pork net sales, the early filling of the US quota for low-tariff beef imports affecting Japanese wagyu beef, and the significant avian flu outbreak at a Cal-Maine facility in Texas. Additionally, it discusses the economic impact of beef and pork exports on the U.S. corn and soybean industries, the filing of a lawsuit against the FDA over the approval of ractopamine, and the current state of milk production in the U.S. and Western Europe. The article also touches on the debate over lab-grown meat and the potential environmental benefits and sustainability of dairy sectors in various regions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Beef: Net sales of 18,700 MT for 2024 were up 48 percent from the previous week and 53 percent from the prior 4-week average. Increases were primarily for South Korea (6,100 MT, including decreases of 400 MT), Japan (5,000 MT, including decreases of 500 MT), Canada (1,700 MT), Taiwan (1,500 MT, including decreases of 100 MT), and Mexico (1,400 MT, including decreases of 200 MT). Exports of 13,300 MT were down 5 percent from the previous week and 12 percent from the prior 4-week average. The destinations were primarily to South Korea (3,800 MT), Japan (3,300 MT), China (2,500 MT), Mexico (1,100 MT), and Taiwan (1,000 MT). Pork: Net sales of 28,700 MT for 2024 were down 48 percent from the previous week and 24 percent from the prior 4-week average. Increases primarily for Mexico (23,000 MT, including decreases of 500 MT), South Korea (3,000 MT, including decreases of 200 MT), Canada (1,200 MT, including decreases of 600 MT), Costa Rica (1,000 MT), and China (800 MT, including ...