Weekly global protein digest

Published Mar 17, 2023

Tridge summary

A proposal in Minnesota aims to repeal a law that sets a floor for grocery store milk prices, in an effort to help dairy farmers compete with non-dairy milks. Meanwhile, global meat markets face challenges due to African swine fever in China and dry weather in Argentina, potentially leading to reduced pork production and exports. The USDA is investing over $43 million in meat and poultry processing research and expansion, while also spending over $670 million to contain avian flu and compensate owners for losses. Additionally, the cash markets report steady to lighter demand for butter and cheese, with organic dairy ads decreasing by 55%, and conventional dairy ads increasing by 6%.

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

Original content

A proposal before the Minnesota state legislature could lead to the repeal of a 56-year-old law that set a floor for grocery store milk prices in hopes of leading to more sales for the state’s dairy farmers. The current law was enacted to help farmers but has led to dairy being at a disadvantage since stores can now price non-dairy milks lower, said Sen. Jordan Rasmusson. He told the Star-Tribune that allowing stores to position dairy milk as a loss leader would help farmers and grocers make more profits in the long run. Beef: Net US sales of 17,700 MT for 2023 were up noticeably from the previous week and up 24 percent from the prior 4-week average. Increases primarily for South Korea (5,300 MT, including decreases of 400 MT), Japan (3,200 MT, including decreases of 300 MT), Taiwan (2,600 MT, including decreases of 100 MT), Hong Kong (1,900 MT, including decreases of 100 MT), and China (1,600 MT, including decreases of 100 MT), were offset by reductions for Chile (100 MT). ...

Source: The Cattle Site