Weekly global protein digest — China pork production & imports, BIAV expands, NASS cuts some reports

Published Apr 19, 2024

Tridge summary

Recent trends in the US agricultural sector reveal a complex landscape with significant shifts in meat and dairy markets. Beef sales and exports have surged, particularly to Asian markets, while pork sales have dipped to a marketing-year low despite an increase in exports. The USDA's actions, including budget constraints and policy adjustments, have sparked concerns over market transparency and national security. The spread of Highly Pathogenic Avian Influenza among dairy herds has prompted calls for voluntary testing, with the disease impacting milk production and raising concerns over its potential spread to swine herds. Global forecasts for 2024 predict mixed outcomes for agricultural exports, with Brazil leading in beef exports and the US expected to see a rise in pork exports. The dairy sector is experiencing varied trends, with shifts in production levels across different regions and changes in dairy advertising, highlighting the dynamic nature of global agricultural markets.

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

Original content

Beef: Net US sales of 17,700 MT for 2024 were up 30 percent from the previous week and 27 percent from the prior 4-week average. Increases were primarily for South Korea (5,400 MT, including decreases of 400 MT), China (3,600 MT, including decreases of 100 MT), Japan (2,800 MT, including decreases of 300 MT), Taiwan (2,100 MT, including decreases of 100 MT), and Mexico (1,800 MT, including decreases of 100 MT). Exports of 16,700 MT--a marketing-year high--were up 21 percent from the previous week and 20 percent from the prior 4-week average. The destinations were primarily to Japan (4,700 MT), South Korea (4,600 MT), China (2,800 MT), Mexico (1,400 MT), and Taiwan (900 MT). Pork: Net US sales of 21,800 MT for 2024--a marketing-year low--were down 54 percent from the previous week and 47 percent from the prior 4-week average. Increases were primarily for Mexico (8,500 MT, including decreases of 300 MT), China (3,000 MT, including decreases of 100 MT), Japan (2,900 MT, including ...

Source: The Cattle Site