USDA released four reports last week with implications for the livestock and grain markets/Allendale Inc.’s chief strategist, Rich Nelson, shares highlights and what it means for the pig, cattle,poultry, corn, soybean and wheat markets. Hogs USDA's pork production estimate was increased by 35 million pounds this month on the supply/demand report. They now see 2016 output at 24.960 billion, 1.9 per cent over last year. With no change in imports or exports, US consumers will have 50.1 pounds per person waiting for them this year, which is 0.8 pounds over 2015. Don't forget, this is on top of the 7.1 pounds increase we shoved on. Read more...
What were the consequences of Russia’s ban on EU pigs, pork and specific pig products? The country stopped importing almost 2 years ago. Time to reflect. First things first – the ban. It all started in January 2014, when the first outbreaks of African Swine Fever (ASF) hit Lithuania and Poland. As a consequence, Russia decided to close its borders for pigs, pork and certain pig products. Just half a year later, the rest of the EU's agriculture also faced a trade ban with Russia. Due to rising geopolitical tensions over Ukraine, the EU and Russia embarked on a mutual agricultural trade ban, which hasn't been lifted to this. Read more...
The US is bracing itself for more avian influenza heartache following confirmation of a previously unseen strain of highly pathogenic H7N8 striking a commercial turkey farm in southern Indiana. The outbreak, which has prompted the culling of about 60,000 birds, is different than the one that caused more than 200 outbreaks in US poultry last year, according to the US Department of Agriculture (USDA) Animal and Plant Health Inspection Service (APHIS). Increased mortality in turkey flock Samples from the turkey flock, which experienced increased mortality, were tested at the Indiana Animal Disease Diagnostic Laboratory at Purdue University, which is a part. Read more...
The EU has committed close to €161 million to support eradication, control and surveillance programmes that aim to eliminate animal diseases and zoonoses as well as further strengthen the protection of human and animal health. Given the serious impact that animal disease outbreaks can have on human health, but also on economy and trade, the allocation of EU co-financing will continue to assist national authorities in putting in place precautionary measures, disease surveillance and eradication programmes, at national and European level. Overall, 130 programmes have been selected for EU funding under the Regulation 652/2014 on the management of the expenditure in. Read more...
The volume oftrade betweenRussia and Japan has diminished byalmost 30 percent in the first ten months of 2015, Sputnik NewscitedRussian lower house speaker Sergei Naryshkin as saying. “In the sphere oftrade and economic cooperation, we are going throughdifficult times,” Naryshkin said duringa meeting withMasahiko Komura, vice president ofJapan's ruling Liberal Democratic Party, according to the report. “Over the last year, withinthe first ten months oflast year, the volume oftrade betweenour countries reduced significantly, byvirtually 30 percent.” Komura is in Moscow. Read more...
The amount of soybeans, corn, fresh chicken, coffee and pulp sold abroad in 2015 registered a record for Brazil's agribusiness trade. This information was released on Monday by Secretary of International Relations of the Ministry of Agriculture (MAPA), Tatiana Palermo. The export volume of soybeans rose 19 per cent compared to 2014 and reached 54.32 million tons, the largest amount ever recorded. The other record holders are soybean meal, with 14.8 million tons sold abroad (8 per cent increase); corn, which reached 28.9 million tons (40 per cent growth); coffee, with 2.09 million ton (+1 per cent), chicken meat, with 3.89 million tons (+7 per cent) and. Read more...
As we close the books on 2015 it is always good to review. Then I will attempt the “fool’s errand” of what 2016 may hold, writes Bob Fraser – Sales & Service, Genesus Ontario. First the review: At the start of 2015 the industry was coming off the euphoria of the “Year of the Pig Farmer” with 2014 margins being beyond even the wildest of dreams. The thought probably was somewhat “no good deed goes unpunished”. So there would be some payback in 2015. I highlighted this in my commentary at the start of 2015 with this observation. “I believe this has been perhaps the main governor on expansion in Canada. It would. Read more...
As we begin 2016 and look towards the New Year, we find ourselves wondering what the future is in hog markets and profitability. 2 years ago now we predicted 2014 – The Year of the Pig Farmer. We believed record profits were coming and 2014 did have record profits. For 2016 we see a grinding year with some profits but mostly lots of work and lots of challenging scenarios. Our Observations If we look at current 2016 lean futures and cost of production we come up with a potential profit of $15 per head. Not bad but not a mortgage lifter. The current profit scenario is not going to stimulate significant expansion. The December 1st USDA Hogs and. Read more...
The Ukrainian government has decided to ban imports of food products, including meat, from Russia. The move is a response to the embargo placed by Moscow on Ukrainian food imports, according to Kiev. "Ukraine exits the free trade area with Russia, raises duties on all goods and puts a trade embargo on all food products manufactured in the Russian Federation, as well as on car building and engineering products," said Ukrainian Prime Arseniy Yatsenyuk, according to a statement released by the country’s government. "We are taking countermeasures. We didn’t start this war, meanwhile the aggressor will be punished.” The ban came into force. Read more...
Nearly 80% of Americans mistakenly believe that chicken contains added hormones or steroids, when in fact no chicken sold or raised in the US is given hormones or steroids. This is one of the findings of a National Chicken Council (NCC) survey on consumers’ perceptions about chicken production. According to the survey, 68% of Americans believe that the media portrays the care of chicken negatively, highlighting the need for chicken producers to engage in more conversations with consumers about where their chicken comes from. In an effort to recognise and respond to these concerns, NCC has launchedChicken Check In, which provides real answers to. Read more...
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