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Container shipping rates crash 90%

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 […]

Global Beef Market Update

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 […]

US Beef Market Challenges for Brazilian Meatpackers

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 […]

Container Shipping Future: Storms or Smooth Sailing?

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 […]

Merinos still dominate Australia’s breeding ewe flock

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 […]

AHDB: Demand for frozen red meat gains share

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 […]

Rabobank: High prices shaking up global egg supply chains

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 […]

Australia: Weekly cattle and sheep market wrap

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 and ADM partnership to accelerate alternative protein innovation

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 […]

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