Tridge summary
The article reports on the current state of the agricultural sector, with a focus on dairy and meat exports. It highlights an increase in net US export sales of beef and pork, with significant growth in sales to Japan, South Korea, China, Taiwan, and Mexico, offset by reductions in sales to the UK. Pork sales also saw an increase, with a notable rise in sales to Mexico, China, South Korea, Japan, and Canada. The article also covers the resolution of dairy disputes between the US and Canada, Barclays' new policy requiring beef producers to prevent deforestation, and the triggering of Dairy Margin Coverage payments for March. Additionally, it provides an overview of the US and global dairy markets, including milk production, retail advertisements, and market prices, and reports a slight increase in total natural cheese stocks in US refrigerated warehouses. Finally, it offers insights into the utilization of milk by regulated handlers and the simple average prices of dairy products in the US.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Beef: Net US export sales of 20,100 MT for 2023 were up noticeably from the previous week and up 59 percent from the prior 4-week average. Increases primarily for Japan (4,700 MT, including decreases of 200 MT), South Korea (3,600 MT, including decreases of 500 MT), China (3,400 MT, including decreases of 100 MT), Taiwan (2,500 MT, including decreases of 100 MT), and Mexico (2,000 MT), were offset by reductions for the United Kingdom (100 MT). Exports of 18,800 MT were up 18 percent from the previous week and 16 percent from the prior 4-week average. The destinations were primarily to Japan (5,200 MT), South Korea (4,800 MT), China (3,500 MT), Taiwan (1,300 MT), and Mexico (1,200 MT). Pork: Net US export sales of 49,000 MT for 2023 were down 9 percent from the previous week, but up 15 percent from the prior 4-week average. Increases were primarily for Mexico (14,600 MT, including decreases of 600 MT), China (14,200 MT, including decreases of 200 MT), South Korea (7,700 MT, ...
Source: Thepigsite
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