HerdDogg Secures $6 Million for Smart Ear Tags
TL;DR: HerdDogg raises $6 million for smart ear tags to improve cattle health, and efficiency, and reduce environmental impact through early disease detection. New Investment SEWARD, NEB. — HerdDogg, an animal-farming tech company, has raised $6 million in its latest funding round. The money will support its smart ear tags for cattle. Advanced Monitoring HerdDogg’s […]
US Pork Exports Break Record
TL;DR: US pork exports hit a three-year high in April, driven by record sales in Mexico and growth in other regions. Beef and lamb exports also saw significant increases, showcasing strong global demand for US meat products. Record-Breaking Pork Exports DENVER — This spring was successful for US red meat exports. April saw the highest […]
Meat Industry Navigates New Packaging Mandates
TL;DR: The meat industry faces new eco-friendly packaging laws; exemptions are needed to ensure product safety. Upcoming Changes NASHVILLE — The 2024 Annual Meat Conference focused on new packaging rules that retailers and suppliers need to understand to stay successful in an eco-friendly world. “If you haven’t planned yet, regulators will act for you, and […]
Consumers’ Inflation Concerns Stabilise
TL;DR: Consumers are adapting to inflation by prioritising value and convenience in grocery shopping, with quick meal options and health claims becoming more popular. Despite higher prices, they continue to buy organic and fresh products. Grocery Trends ARLINGTON, VA. — Consumers’ shopping habits are changing as they seek value and convenience. New data from FMI […]
Value of Organic Sales Rises, Not Units
TL;DR: Organic market sales rose to $69.7 billion in 2023, driven by higher prices rather than unit sales. Organic food reached $63.8 billion, led by produce. Grocery and beverage categories also grew, with significant increases in dairy and eggs. Despite economic challenges, organic products remain popular, with room for further growth through consumer education. Organic […]
Biden Increases Tariffs on Some China Products, Prompting Fears of Retaliation
TL;DR: President Biden increased tariffs on China, raising concerns about Chinese retaliation on U.S. agriculture. Key sectors affected include steel, semiconductors, and clean energy. President Biden increased tariffs on $18 billion worth of imports from China on Tuesday. This decision has raised concerns that China might respond by imposing tariffs on U.S. agricultural products. During […]
Strong Fresh Meat Sales in April: Report
TL;DR: Due to high food-away-from-home inflation, home cooking is on the rise. In April 2024, food and beverage prices increased 1.9% year-on-year, with fresh meat prices up 0.7%. Beef, turkey, and exotic meats saw price rises, while lamb and sausage prices fell. April meat sales dropped 2.1% due to Easter timing but showed yearly growth. […]
How Non-Tariff Measures Impact Poultry Trade: ERS Study
TL:DR: NTMs significantly affect poultry trade, with SPS and TBT measures having varying impacts on international and domestic markets. A recent study by the USDA’s Economic Research Service examined how non-tariff measures (NTMs) affect the poultry industry. The study, published this month, reviewed notifications to the World Trade Organization (WTO) regarding non-discriminatory poultry NTMs. These […]
US Meat Exports Overview
TL;DR: In March, US pork exports remained stable, while beef exports declined in volume but maintained high value. Lamb exports decreased significantly. Market diversification helped stabilise pork figures, despite varied performance across different meat sectors. Pork Exports Hold Steady In March, US pork exports showed resilience, maintaining last year’s levels. The US Department of Agriculture, […]
Urgent Call to USDA
TL;DR: Congress members urge USDA to restore key agricultural reports to prevent market instability, emphasising their crucial role in supply and demand data provision. Reinstatement of Key Agricultural Reports Three senior members of the agriculture subcommittees in Congress have urgently requested the USDA to rethink its decision to discontinue certain agricultural reports for the year […]
