World meat industry news

Eastern Economic Forum helped form new level of Russian-Chinese dialogue

  • 7 Sep 08:17

Eastern Economic Forum helped form new level of Russian-Chinese dialogue Commenting on the outcome of the Eastern Economic Forum, Russian Far East Development Minister Alexander Galushka pointed out the similarity of the understanding of economic cooperation priorities in Russia and China. "The forum participants have formed a new level of dialogue with China […] We have a similar understanding of priorities of economic cooperation [between Russia and China]," Galushka told reporters on Sept. 5. Galushka said the discussion of the mutual relations between the two countries will continue in the next few days in Dalian, China, where the minister plans to go with Yury Trutnev, Russian deputy prime minister and presidential envoy. Read more...

EU Pig Prices: Market is Gaining Momentum – Prices Increasing

  • 4 Sep 11:29

EU Pig Prices: Market is Gaining Momentum – Prices Increasing Despite inconsistent price trends, the European pig slaughter market seems to be gaining momentum step by step. That shows in the current slaughter week’s development.By the latest 3 cents’ increase in quotation, Germany provides the decisive signal. The Dutch are following with a corrected price increase of almost 4 cents. Belgium and Austria are also reporting positive trends. Because of increasing demand for meat, the demand is also increasing for pigs for slaughter in those countries, at lower quantities of pigs for slaughter on offer at the same time. Across borders, the market participants appear to feel relieved about the race seeming to be over as. Read more...

Meat Futures Focused on Asia Market Crisis

  • 4 Sep 11:27

Meat Futures Focused on Asia Market Crisis At this point, livestock futures are focused on the broader macro markets and threats of a brewing financial crisis in Asia, write analysts Steve Meyer and Len Steiner. For some, the recent events are reminiscent of 1997, which led to a broad recession in a number of Asian markets. For livestock futures this is significant as Asia in recent years has emerged as a major buyer of meat products from North America, Oceania and South America. In this context, cattle and hog markets are trying to price the impact of a dramatic slowdown in Asian demand, not just for US products but also products from other markets. Already Russia, a major global meat protein. Read more...

Cattle Outlook: "Wild Markets" Push Cattle Lower

  • 3 Sep 10:08

Cattle Outlook: "Wild Markets" Push Cattle Lower Markets turmoil is mostly related to concerns about the Chinese economy, which has led to the Dow Jones Industrial Average declining 10.7 per cent.Soon after, however, it gained 988 points, recovering 6.3 per cent, according to Professors Ron Plain and Scott Brown, University of Missouri. They write that, on Thursday, the Commerce Department said the U.S. economy grew at an annual rate of 3.7 per cent during the second quarter. This follows a dismal 0.6 per cent growth rate in the first quarter. Meat demand usually correlates with economic growth. USDA says frozen red meat and poultry stocks totaled 2.403 billion pounds on July 31, up 2.5 per cent from the month before and. Read more...

China wins online sales in Russia

  • 3 Sep 10:07

China wins online sales in Russia Chinese online vendors have won the lion’s share of Russia’s cross-border e-commerce business over competitors from Europe and the U.S., spurred on by the ruble’s continued declineand a recession that has prompted Russians to shop for lessexpensive items. Chinesefirms took65 percent of Russian online orders from abroadin2014,according to areportbythe East-West Digital News. “In 2014, Russiansplaced about50 millionordersfromChinese online stores, up40 percentfromthe previous year,” saidEvgeniya Arnautova,press officer for the Russian payment platform Yandex.Money. Chinese vendors’ success inRussiacomes amid double-digit growth of. Read more...

Russia to take countermeasures to U.S. decision to expand sanctions

  • 3 Sep 10:05

Russia to take countermeasures to U.S. decision to expand sanctions Moscow will take countermeasures in response to the U.S. decision to expand its sanctions against Russia, the Russian Foreign Ministry said. "We emphasize that the U.S. should not cherish illusions regarding the possibility that it can continue this line without negative consequences for itself. We will take countermeasures, but not necessarily mirror [the U.S. expansion of sanction lists]," the Russian Foreign Ministry said in a commentary on its website on Wednesday. "Washington's actions devalue its own signals on its interest in cooperation with us in solving a number of pressing international problems. It looks like the futility of attempts. Read more...

European Road Trip Week 2 - Russia

  • 2 Sep 10:47

European Road Trip Week 2 - Russia After Lithuania a week ago, we flew to Russia, writes Jim Long President – CEO Genesus Inc. Our Observations: Currently due to economic sanctions, European Union and North American countries cannot ship pork or live market hogs to Russia but Brazil is able to. The economic sanctions, by limiting pork imports has supported prices for pigs in Russia. Profits per hog are between $75 - $100 US dollars per head. It’s a good time for the pig producers! In our travels in Russia, the sentiment would be that economic sanctions on importing of market hogs and pork would last a minimum of one year to up to 4 years. Certainly, anyone would be foolish. Read more...

Four More ASF Outbreaks Found in Russia

  • 2 Sep 10:45

Four More ASF Outbreaks Found in Russia Both wild boar and swine were affected in the outbreaks.There were three deaths in wild boar out of eight cases. Another 19 wild boar were destroyed to prevent the disease spreading. These outbreaks occurred in the Ryazanskaya and Yaroslavskaya provinces. A further outbreak affected a backyard swine holding in Bryanskaya Oblast, with one death out of a susceptible. Read more...

Ruble price tags put on goods in LNR shops

  • 2 Sep 10:44

Ruble price tags put on goods in LNR shops Shops in the self-proclaimed Lugansk People's Republic (LNR) have shifted to settlements in rubles.Ruble price tags were put on commodities in supermarkets and small stores on Tuesday morning, an Interfax correspondent has reported. Prices have been converted by a rate of one Ukrainian hryvnia to two rubles. Markets are still using the hryvnia and the ruble. Sellers say they will put ruble price tags on their goods soon. Both shops and markets claim to have no inconveniences shifting to the Russian ruble. In turn, currency exchange offices are selling the Ukrainian hryvnia for 2.6 rubles. LNR leader Igor Plotnitsky said earlier the republic should shift. Read more...

Positive Outlook for Global Meat Market

  • 31 Aug 12:00

Positive Outlook for Global Meat Market The outlook for the global meat market is largely positive, according to a joint Agricultural Outlook report from the OECD and FAO. Current market situation Meat prices reached record levels in 2014, driven mainly by an increasing beef price. At the same time, the Porcine Epidemic Diarrhoea virus (PEDv) in the United States and African swine fever in Europe, lowered pigmeat supply in 2014 pushing pigmeat prices upwards. Sheepmeat prices also increased in 2014 following several years of flock reduction in New Zealand, induced by the conversion of sheep farms to more profitable dairy operations and accentuated by drought conditions whilst substitutability among. Read more...