Container Shipping Rates Plummet as Consumer Demand Declines Container shipping rates have witnessed a substantial decline due to a drop in consumer demand for goods, particularly within the ocean freight industry. This decline has presented challenges for ship operators, as current rates render voyages unprofitable. According to a recent report from The Wall Street Journal […]
Anticipated decrease of 600,000 metric tons in US beef production compared to 2022. Reduced supplies driving up prices, negatively impacting international competitiveness. Australia and New Zealand taking advantage of reduced US production by boosting imports. US beef exports facing challenges as Australia competes in vital Asian markets. Countries included: United States Australia New Zealand Canada […]
Brazilian Meatpackers Grapple with Challenges in the US Market Brazilian meatpacking giants, JBS and Marfrig, are navigating turbulent waters in the US due to escalating cattle prices and a dwindling supply. This has led to a significant dip in their Q1 profits, overshadowing even the losses from the temporary halt of Brazilian beef exports to […]
The global container shipping landscape is undergoing significant turbulence, with Hapag-Lloyd’s CEO, Rolf Habben Jansen, sounding the alarm on the industry’s future. In a recent conference call with journalists, Jansen highlighted the “challenging market environment” the sector faces, particularly emphasizing the “weak” demand that has plagued container transport over the past year. The decline in freight rates, which […]
Australia’s breeding ewe flock – and subsequently the 2023 lamb cohort – is still primarily built on Merino genetics, particularly for producers with more than 5,000 sheep, informs Meat & Livestock Australia. The May wave of the Sheep Producer Intentions Survey provided unique insights into the genetic makeup of the nation’s breeding ewes by breed, as well […]
Frozen red meat is big business in retail, with £185.3 million worth of frozen red meat sold in the 12 w/e 16 April 2023, a £26.2 million (16.5%) increase year-on-year (YOY) informs AHDB. Frozen accounted for 10.2% of total red meat volume sales, an increase of 0.4 percentage points YOY, according to Kantar. While the […]
Global egg prices have reached historic high levels and this has a big impact on the egg supply worldwide. How long will this situation last and are there ways to stabilize supply? Rabobank expects prices to stay relatively high throughout 2023, especially in markets heavily impacted by avian flu, high costs, and regulatory changes. In […]
National cattle yardings lifted to 49,273 head last week after wet weather reduced numbers at the saleyards, according to Meat & Livestock Australia (MLA). In Roma, yardings increased to 6,800 head and restocker demand eased in restocker yearling steers and heifers and across all weight ranges. The Western Young Cattle Indicator (WYCI) is trading at […]
Marel, a leading global provider of advanced food processing solution, announces a partnership with ADM, a global leader in human and animal nutrition, to open a state-of-the-art taste and texture innovation center. The anticipated opening is scheduled to occur in the second half of 2024. The new facility, located in the heart of the Wageningen […]
Red meat exports in February continued the strong start seen in January, rising 20% from the same period last year to 125,003 tonnes, according to Meat & Livestock Australia. Off the back of higher slaughter numbers in 2023, Australian red meat export volumes grew in February to 125,003 tonnes – 20% higher than the same […]
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