Exports of pork and beef from the US saw a strong performance in May, according to data from the United States Department of Agriculture (USDA) and the United States Meat Export Federation (USMEF).
US trade representative Michael Froman used his keynote speech at the National Cattlemen‘s Beef Association (NCBA) annual policy conference to bang the drum for action on the Trans-Pacific Partnership.
Cargill, one of the world’s largest agricultural traders, has reported its financial results for the third quarter and the first nine months up to 29 February 2016.
Argentina’s recently-elected president, Mauricio Macri, has kept his promise of reforming the country’s agriculture sector by axing tariffs on beef exports.
American beef faces “intense competition” with Australia for the lion’s share of exports to Japan, the US Meat Export Federation’s (USMEF) senior vice-president of marketing Dan Halstrom has said.
Cattle numbers in the US are on the up, but beef exports are continuing to be dragged down by a strong US dollar and high domestic beef prices, according to the May 2015 Livestock, Dairy, and Poultry Outlook, published by the US Department of Agriculture.
While US red meat exports were hit by the West Coast port dispute, figures for January highlight the challenges faced by the industry, according to US Meat Export Federation (USMEF) president and chief executive Philip Seng.
US beef exports increased in both value and volume in May despite pork exports declining, as the Russian market for red meat imports from the US was especially difficult, according to USDA.
US pork and beef export volumes saw some recovery in April, but are still lagging behind last year’s levels, according to data from the US Department of Agriculture.
