The article provides an overview of the current state of the global dairy and meat industry, with a focus on the United States. It starts by reporting an increase in net sales and exports of beef and pork, with the majority of the increases being made by Japan, South Korea, China, Mexico, and Taiwan for beef, and Mexico, China, and Canada for pork. The article then highlights Brazil's confirmation of highly pathogenic avian influenza in wild birds, but assures that it does not affect Brazil's 'HPAI-free' status.
Next, the article discusses the challenges faced by the pork industry, such as struggles for hog farmers due to moderated hog prices, record-high production costs, trade retaliation, supply chain issues, labor shortages, and threats from foreign animal diseases. It also outlines the National Pork Producers Council's (NPPC) policy priorities for the 2023 Farm Bill.
The article then moves on to discuss the United States Department of Food and Agriculture (USDA)'s extension of the public comment period on its proposed determination to declare Salmonella an adulterant in breaded stuffed raw chicken products and Beyond Meat's equity offering amidst falling sales and cash reserves. It also mentions the drop in wholesale prices retailers are paying for eggs and the growth of snack sales, benefiting companies like Hershey and Mondelez International.
Additionally, the article covers the impact of weather conditions on milk production and export expectations in various countries like New Zealand, Australia, and South America, as well as the difference in milk yield improvements in Brazil compared to other regions. Finally, it notes a slight decrease in total advertisement volumes on conventional aisle ads and an increase of total organic ads, with conventional ice cream in large containers and half gallon milk ads being the most advertised dairy items.