FAO Reports Decline in Meat Price Index
The FAO Food Price Index experienced a notable decrease in December, dropping by 10.1% from its November level, contributing to an overall annual reduction of 13.7% compared to the average value in 2022. This decline was influenced by decreases in the indices for meat, sugar, and vegetable oils. Meat Price Index Trends Focusing on the […]
Mexico’s 2024 Strategy: Extending Duty Exemption on Meat Imports
In a decisive move to tackle escalating food prices, the Mexican government has prolonged its policy of exempting certain food imports from duties, including key items like pork, beef, and poultry. This extension, stretching to the end of 2024, marks a continuation of a policy first implemented in May 2022, initially planned for a year […]
USDA Allocates Over $203 Million to Boost U.S. Food and Agricultural Exports
The United States Department of Agriculture’s Foreign Agricultural Service (FAS) has announced the allocation of more than $203 million in funding to approximately 70 agricultural organisations. This initiative aims to enhance export markets for U.S. food and agricultural products through the Market Access Program (MAP) and the Foreign Market Development (FMD) program. Among the recipients, […]
$5.1 Million Boost for Nebraska’s Meat Processing
Nebraska’s Department of Agriculture is injecting $5.1 million into its meat processing sector. This move, funded by the American Rescue Plan Act, is part of the Independent Processor Assistance Program (IPAP). It’s a significant step to upgrade the state’s meat processing capabilities. Sherry Vinton, the NDA Director, praised the innovative use of IPAP grants so […]
Current Trends in Hog Production: A Detailed Overview
As of December 1, the USDA reports a total hog and pig population of about 74.97 million. This number shows a slight rise of 0.88% from the last quarter and a marginal increase of 0.02% from the previous year. These figures are slightly above the market’s expected 0.6% decrease. The increase is mainly due to […]
Canada Tops in U.S. Farmland Ownership, Surpassing China
Amidst growing controversy in the United States, a new USDA report has clarified a common misconception: China is not the largest foreign owner of U.S. farmland. Instead, Canada holds this position, owning 32% of foreign-held U.S. farmland, which amounts to 14.2 million acres. The Netherlands, Italy, the United Kingdom, and Germany follow Canada in ownership […]
HPAI Impact Escalates in California, Developments in Georgia and Canada, Vaccine Efficacy Questioned
The USDA has reported a significant rise in highly pathogenic avian influenza (HPAI) cases in California, with the affected bird count nearing 4 million in the past month. This surge is part of a larger outbreak affecting about 7.2 million birds in seven U.S. states, encompassing both commercial and backyard flocks. Despite the high numbers […]
Supreme Court Declines Involvement in Poultry Price-Fixing Settlement Dispute
The U.S. Supreme Court has refrained from hearing a pivotal case related to the sharing of settlement agreements in a major price-fixing lawsuit within the poultry industry, according to recent court records. This development follows an appeals court’s decision in June, which allowed poultry producers to maintain a judgement-sharing agreement (JSA) integral to the In […]
FSIS Enhances Meat, Poultry, and Egg Product Inspection Directory for Greater Transparency
The US Department of Agriculture’s Food Safety and Inspection Service (FSIS) is set to enhance the transparency of its Meat, Poultry and Egg Product Inspection (MPI) Directory and the Establishment Demographic Data (MPI Supplement) files. These planned improvements are aimed at providing more detailed and accessible information about food establishments. Key enhancements include the addition […]
JBT Granted Additional Time for Marel Acquisition Decision
The Icelandic Financial Supervisory Authority has recently extended the deadline for John Bean Technologies (JBT) Corporation regarding their proposed acquisition of Marel. The new deadline, now set for January 19, provides JBT with an extra two weeks beyond the original deadline of January 5 to finalise its decision. Marel is thoroughly reviewing JBT’s non-binding proposal […]
