Record Red Meat Exports USDA released the November red meat export statistics this week, which showed pork exports reached their highest monthly total on record (223,962 MT) and beef exports (111,915 MT), though down from November 2016, were still on trend to hit a record volume for 2017.
Pork exports were up in most markets except China (and Hong Kong) due to increased domestic production there. While the January-November volume was down about 9 percent versus the same period in 2016, however, the value was only 1 percent lower because of the demand for offal and variety meats. China (and Hong Kong) paid approximately 17 percent more for variety meats compared with last year, and the U.S. Meat Export Federation indicated the $667 milli...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
