World meat industry news

Meat Futures Focused on Asia Market Crisis

  • 4 Sep 11:27

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

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

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

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

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

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

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

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...

Russia, ASEAN hail growing trade ties

  • 31 Aug 11:57

Russia’s Minister of Economic Development Alexei Ulyukayev met his counterparts from ASEAN member countries in Kuala Lumpur for the Fourth AEM-Russia Consultations. According to figures released after the meeting, Russia-ASEAN trade grew by 13 percent in 2014 to touch $22.5 billion. Russia and the Association of Southeast Asian Nations (ASEAN) hailed growing trade ties after official statistics showed a rise of 13 percent in trade between Russia and the grouping in 2014, despite challenging global economic conditions. Trade between Russia and ASEAN grew to $22.5 billion in 2014 from $19.9 billion, a year earlier. The figures were released after a meeting. Read more...

China's Poultry Consumption to Remain Flat in 2016

  • 26 Aug 13:09

China's poultry consumption is expected to remain similar in 2016 to 2015, according to a report from the US Department of Agriculture's Foreign Agricultural Service.The report forecasts China’s 2016 broiler meat consumption at 12.8 million tons, largely unchanged from the 2015 official estimate. China banned imports of all poultry and poultry products from the US in January 2015 due to the highly pathogenic avian influenza outbreaks, but imports from Brazil and other South American countries have benefited from the absence of US suppliers. The report forecasts 2016 broiler meat imports at 200 thousand tons, a decrease of 7 per cent compared to. Read more...