Rabobank’s 2024 Poultry Market Forecast: Growth Amidst Challenges
Rabobank’s Q1 2024 poultry report presents a cautiously optimistic outlook for the poultry industry, predicting a growth of 1.5% to 2%. This marks a slight improvement from the 1.1% growth in 2023, with Southeast Asia, the Middle East, and Latin America expected to drive this expansion. Nan-Dirk Mulder, Rabobank’s Senior Analyst of Animal Protein, underscores […]
Recent Trends in the UK Cattle Industry: A Comprehensive Overview
As of June 1, 2023, the UK’s cattle herd has experienced a modest decline, with the total count standing at 9.6 million, a decrease of 0.8% from the previous year. This equates to a reduction of approximately 76,500 head. The breeding herd, which represents about a third of the total cattle population, has seen a […]
Australia and New Zealand Begin Consultation on Pioneering Cell-Cultured Meat Application
Australia and New Zealand are currently engaging in a public consultation regarding an innovative food application. This consultation, initiated by Food Standards Australia New Zealand (FSANZ), focuses on a submission from the Australian company Vow Group Pty Ltd (“Vow”). The application seeks to amend the Australia and New Zealand Food Standards Code (“the Code”) to […]
Australian Sheep Market Sees Historic Price Gap as Mutton Prices Decrease
Current State of the Australian Sheep Market The Australian sheep industry has experienced a significant shift in 2023. The size of the sheep flock is the largest it’s been since 2007, a growth attributed to a focus on enhancing flock productivity and benefiting from three consecutive prosperous seasons. However, this record flock size, along with […]
Weekly Update on Cattle and Sheep Markets as 2023 Draws to a Close
Cattle Market Trends As the festive season approaches, the cattle market has shown a downward trend this week. With Christmas imminent, several key saleyards have concluded their operations for the year and are set to resume in the new year. Market reports indicate a reduction in activity from key buyers and processors, leading to a […]
Analysis of the Australia-UK Free Trade Agreement’s Impact on Sheep Meat Market
The Australia-UK Free Trade Agreement (FTA) has significant implications for the sheep meat market, as observed in recent trade and tariff data. Under the FTA, Australia has allocated 4,144 tonnes of sheep meat for export to the UK from the end of May to December 2023. This figure aligns with the five-year average for total […]
Dairy, Beef, Lamb, and Farm Inputs: An Overview of Recent Market Trends in Oceania
Dairy Market Developments In October, there were encouraging signs for Oceania’s dairy exporters, with a general firming of commodity prices. Notably, Oceania FOB powder prices saw a rally of more than 10% due to less favourable milk production signals from New Zealand. While butter prices also strengthened, cheese prices declined, influenced by a weak US […]
UK’s Festive Dining: Pork Overtakes Turkey as Preferred Choice
In a significant shift in the UK’s festive dining habits, pork is increasingly becoming the preferred choice over turkey for Christmas meals. This trend has been reported by Pilgrim’s UK, a subsidiary of the US-based Pilgrim’s Pride Corp and a leading producer of higher-welfare pork in Britain. Statistics from Pilgrim’s UK reveal a noticeable decrease […]
Legislative Progress on Xylazine Usage: House Approves Key Bill
The House of Representatives has recently passed the Support for Patients and Communities Reauthorization Act, a decision welcomed by the Meat Institute. This act includes provisions specifically targeting the misuse of xylazine in humans while ensuring its continued availability for veterinary purposes. Xylazine, a drug sanctioned by the U.S. Food and Drug Administration for use […]
Call for Immediate Enforcement of the Packers and Stockyards Act
A group of 62 organisations, spearheaded by the National Farmers Union (NFU), has sent a letter to President Biden, urging prompt action on the Packers and Stockyards Act (P&S Act). This law established a hundred years ago, is essential for protecting farmers and ranchers from the dominating power of large monopolies in the livestock industry. […]
