International Trade Highlights:Last year, the U.S. exported 241,800 MT of turkey meat which was 33.8 percent less volume and 23.2 percent less in value than 2014. Mexico remained the largest market for U.S. turkey exports, importing 135,620 MT of turkey but decreased imports by 36.4 percent. Hong Kong and Panama remained in second and third places respectively. Hong Kong was the only major trading partner that increased turkey imports from the U.S. The U.S. imported 20,091 MT of frozen turkey meat in 2015, increasing 65.7 percent over the year before. Canada, Chile, and Israel remained the top three exporters to the U.S. in 2015 with imports increasing 38.3 percent,. Read more...
International Trade Highlights:U.S. exports of chicken leg quarters were down in 2015 in comparison to the prior year. As shown by the graph, export and domestic prices decreased while U.S. cold storage increased. Domestic leg quarter inventories at the end of the year were 4.0 percent lower compared to earlier in the year but were up 29.0 percent when compared to the same time period in 2014. December, 2015 experienced the lowest domestic price for leg quarters (12.03 cents/lbs.) since July, 2002 when leg quarters were 11.16 cents/lb. December also showed the lowest export prices of leg quarters (31.62 cents/lbs.), since January, 2007 when leg quarters were. Read more...
North America:On January 21, the USDA National Agricultural Statistics Service (NASS) released its Livestock Slaughter report. According to the data, U.S. cattle slaughter during the final quarter of 2015 equaled 7.14 million head. This was down slightly from the previous quarter and was down slightly from a year ago. During the fourth quarter of 2015, U.S. beef production totaled 6.03 billion pounds. This was a little more than the previous quarter and was 1.5 percent more than a year ago. The average live cattle weight at the end of December equaled 1,388 pounds, 21 pounds more than a year ago. During 2015, U.S. cattle slaughter totaled 28.20 million head,. Read more...
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