Weekly global protein digest

Published 2023년 4월 7일

Tridge summary

The article provides an overview of the current state of the agricultural market, focusing on beef, pork, and dairy products. It reports an increase in net sales of 13,500 MT for beef and 53,200 MT for pork for the rest of 2023, with significant market growth in Asia. Exports of these meats have also seen an uptick, primarily to Japan, South Korea, China, Mexico, and Taiwan. In the dairy industry, there is a shift in consumer preferences, with Generation Z consuming 20% less milk than the national average, leading to a marketing strategy that rebrands milk as a sports drink. Meanwhile, the pork industry faces challenges due to a lack of burial space for dead chickens and the demand for smaller birds by fast-food chains. The USDA's report on the U.S. hog herd shows a slight increase, and the dairy market remains steady with some regions experiencing challenges like flooding in California and softening demand in the Northeast and Pacific Northwest. Additionally, international dairy market reports cover Western, Eastern Europe, Oceania, and South America, detailing trends in milk production and prices. Furthermore, a national retail report highlights changes in conventional and organic dairy advertisements and product pricing, with ice cream and regular yogurt being the most advertised conventional and organic dairy products, respectively.

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

Original content

Beef: Net sales of 13,500 MT for 2023 were up 20 percent from the previous week and 1 percent from the prior 4-week average. Increases were primarily for South Korea (4,900 MT, including decreases of 500 MT), Japan (2,600 MT, including decreases of 400 MT), Canada (1,300 MT, including decreases of 100 MT), Mexico (1,100 MT), and Taiwan (700 MT, including decreases of 100 MT). Total net sales of 100 MT for 2024 were for Canada. Exports of 17,300 MT were up 5 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to Japan (5,000 MT), South Korea (4,500 MT), China (2,200 MT), Mexico (1,400 MT), and Taiwan (1,300 MT). Pork: Net sales of 53,200 MT for 2023--a marketing-year high--were up 75 percent from the previous week and 69 percent from the prior 4-week average. Increases were primarily for China (20,200 MT, including decreases of 200 MT), Mexico (14,300 MT, including decreases of 300 MT), Japan (3,800 MT, including decreases of ...

Source: The Cattle Site