Weekly global protein digest: China resumes Brazilian imports, lab-grown chicken, USDA dairy report

Other Frozen Pork Cuts

Frozen Bone-In Beef

Frozen Whole Chicken

Meat

Australia

Published Mar 24, 2023

Tridge summary

The article provides an overview of the current state of the agricultural sector, with a focus on beef, pork, and dairy markets in the United States and globally. It reports an increase in net sales for beef and pork, with significant growth in demand from countries like South Korea, Japan, China, Mexico, and Canada. However, exports have seen a decline, primarily for beef. China has resumed imports of Brazilian beef following a halt due to a health concern. Regarding pork, China's imports have risen, driven by African swine fever.

In the U.S., the article highlights the FDA's initial approval for the sale of chicken grown in bioreactors by GOOD Meat, though more approvals are pending. It also notes the impact of the African swine fever on pork prices and production in China, leading to potential loan tightening and higher pork prices in the U.S.

The article also provides an in-depth analysis of the U.S. dairy markets, including butter, cheese, nonfat dry milk, dry whey, and fluid milk, discussing regional trends and prices. Internationally, it discusses the milk production trends and challenges in Western and Eastern Europe, Oceania (focusing on New Zealand and Australia), and South America. Additionally, it mentions the differences in conventional and organic dairy advertising in the U.S. retail sector, with a decrease in conventional dairy advertising and a increase in organic advertising.

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

Original content

Beef: Net US sales of 18,600 MT for 2023 were up 5 percent from the previous week and 59 percent from the prior 4-week average. Increases primarily for South Korea (10,800 MT, including decreases of 1,700 MT), Japan (3,600 MT, including decreases of 900 MT), China (1,500 MT, including decreases of 300 MT), Taiwan (800 MT, including decreases of 300 MT), and Hong Kong (800 MT, including decreases of 100 MT), were offset by reductions for the United Kingdom (100 MT). Exports of 13,500 MT were down 15 percent from the previous week and 13 percent from the prior 4-week average. The destinations were primarily to Japan (3,500 MT), South Korea (3,200 MT), China (2,300 MT), Mexico (1,300 MT), and Taiwan (900 MT). Pork: Net US sales of 38,000 MT for 2023 were up 7 percent from the previous week and 8 percent from the prior 4-week average. Increases were primarily for Mexico (18,400 MT, including decreases of 600 MT), Canada (4,800 MT, including decreases of 500 MT), Japan (4,400 MT, ...

Source: The Cattle Site