Global Wheat Prices: A Comprehensive Analysis of Current Trends and Future Directions
As we progress through the year, a notable trend has emerged in the global wheat market: a consistent downward trajectory in prices. This trend is particularly evident with Russian wheat, which currently stands as the cheapest in the world. With the Northern Hemisphere wheat harvest now complete, questions arise about the future direction of these […]
Pork Sector Demonstrates Resilience Amid Economic Hurdles, Rabobank Report Indicates
The global pork market is holding its ground despite a series of challenges in recent years, as detailed in Rabobank’s most recent quarterly review. The report singles out enhanced herd well-being and a commitment to cost-cutting as pivotal elements in the sector’s rebound. Herd Well-being and Cost Efficiency Christine McCracken, Rabobank’s lead analyst for animal […]
World Meat Congress Focuses on Sustainability and Global Collaboration
After a hiatus of five years, the World Meat Congress recently reconvened in Maastricht, Netherlands. Organised by the International Meat Secretariat (IMS), the event was attended by key stakeholders in the global meat industry, including the U.S. Meat Export Federation (USMEF). Erin Borror, USMEF Vice President of Economic Analysis and co-chair of the IMS economics […]
North Carolina State College Advances in PEDv Research with USDA Grant
In a strategic move to deepen our understanding of the Porcine Epidemic Diarrhea Virus (PEDv), North Carolina State’s College of Veterinary Medicine has initiated a comprehensive research project. The study is fuelled by a grant of nearly $500,000 from the United States Department of Agriculture (USDA). Research Aims and Techniques The crux of the research […]
The Complex Path to Carbon Neutrality in Agriculture: A Farmer’s Dilemma
The global food sector is grappling with its significant contribution to climate change, responsible for over one-third of worldwide greenhouse gas emissions. As the public’s focus sharpens on environmental sustainability, major food corporations are setting ambitious carbon-neutral goals. However, this corporate-led drive towards a greener future is creating a set of unique challenges for farmers, […]
Smithfield Foods’ Tar Heel Facility: A Model of Innovation and Sustainability in Pork Processing
Smithfield Foods, a subsidiary of WH Group, operates the world’s largest pork processing plant in Tar Heel, North Carolina. Established in 1992, the facility covers 985,000 square feet and is strategically designed for efficient production. With a daily slaughter capacity of 35,000 head, the plant produces 2.08 billion pounds of pork annually. Technological Advancements The […]
2023 Global Pork Trade: A Comprehensive Overview
The international pork sector experienced significant shifts in 2023, as detailed in a recent analysis by Rabobank. Amidst a backdrop of challenges from previous years, the global pork trade landscape continues to adapt, offering a mix of challenges and growth prospects. Key European players in the pork industry, Spain and France, have reported a 5% […]
Rabobank Report Highlights Transformative Changes in Global Pork Trade
The international pork trade is undergoing considerable shifts, marked by escalating competition among principal exporters, reveals a recent study by Rabobank. Factors Influencing Competitive Advantage Countries such as Brazil and the United States, which have adopted cost-effective production models, are gaining a competitive upper hand. In contrast, Europe’s market position is becoming increasingly unstable due […]
Meat Processing Equipment Market Set to Surge, Reaching $19.6 Billion by 2031
The global landscape of meat processing equipment is undergoing a significant transformation. Valued at $12.3 billion in 2021, the market is projected to soar to an impressive $19.6 billion by 2031, marking a steady growth at a compound annual growth rate (CAGR) of 4.7% over the decade. Meat, a staple in many diets, is consumed […]
