14 December 2024
9 minute learn
Weekly USDA US beef, pork export gross sales
Beef: Web gross sales of 11,000 MT for 2024 had been up noticeably from the earlier week and up 32 % from the prior 4-week common. Will increase primarily for South Korea (3,400 MT, together with decreases of 900 MT), Japan (3,400 MT, together with decreases of 300 MT), Mexico (1,400 MT), Canada (800 MT), and China (700 MT, together with decreases of 100 MT), had been offset by reductions for the Philippines (100 MT) and El Salvador (100 MT). Web gross sales of 5,400 MT for 2025 had been primarily for Japan (3,000 MT), South Korea (1,500 MT), the Philippines (200 MT), Taiwan (200 MT), and China (200 MT). Exports of 15,100 MT had been up 5 % from the earlier week, however down 1 % from the prior 4-week common. The locations had been primarily to South Korea (4,500 MT), Japan (2,900 MT), China (2,200 MT), Mexico (1,800 MT), and Taiwan (1,300 MT).
Pork: Web gross sales of twenty-two,500 MT for 2024 had been down 36 % from the earlier week and 1 % from the prior 4-week common. Will increase primarily for Mexico (9,100 MT, together with decreases of 300 MT), Japan (4,500 MT, together with decreases of 500 MT), China (2,700 MT, together with decreases of 100 MT), Colombia (2,000 MT, together with decreases of 100 MT), and South Korea (1,000 MT, together with decreases of 600 MT), had been offset by reductions for Australia (300 MT). Web gross sales of 4,600 MT for 2025 primarily for South Korea (2,400 MT), Japan (1,100 MT), Canada (500 MT), Mexico (300 MT), and Honduras (200 MT), had been offset by reductions for China (500 MT). Exports of 33,800 MT had been up 5 % from the earlier week and 10 % from the prior 4-week common. The locations had been primarily to Mexico (14,700 MT), South Korea (3,900 MT), Japan (3,700 MT), China (3,100 MT), and Australia (2,000 MT).
One other HPAI outbreak in western Iowa poultry flock
The Iowa Division of Agriculture and USDA introduced an outbreak of extremely pathogenic avian influenza (HPAI) in a Sac County industrial turkey flock. That is Iowa’s seventh detection of HPAI in poultry this yr and the fourth in lower than every week.
China’s meat imports rise in November
China imported 581,000 MT of meat in November, up 46,000 MT (8.6%) from the earlier month and 24,000 MT (4.3%) greater than final yr. By the primary 11 months of this yr, China imported 6.06 MMT of meat, down 11.2% from the identical interval final yr.
China resumes British pork imports
Main British pork produces can resume shipments to China, the UK ag ministry introduced. China is the UK’s largest non-EU pork buyer.
McDonald’s fights again after E. coli outbreak with $100 million restoration plan
McDonald’s is taking decisive steps to recuperate from an E. coli outbreak that affected over 100 folks and prompted the momentary elimination of its fashionable Quarter Pounder in October. The fast-food large introduced a $100 million marketing campaign to win again prospects, with one-third of the funds devoted to promoting and advertising. “We’re working by way of testing… totally different messages, totally different gives, totally different offers,” mentioned Joe Erlinger, McDonald’s U.S. president, emphasizing efforts to re-engage app-loyalty diners who’ve stayed away because the outbreak.
Whereas U.S. well being officers declared the outbreak over, McDonald’s faces lingering challenges. Rising inflation has pressured the chain to pivot from its $1 menu to a broader worth technique, together with new gives just like the $5 bundle and app-exclusive offers. “We wish to be a vacation spot for worth,” Erlinger famous, acknowledging client frustrations with inflation: “You’re going to have this imaginative and prescient of what you paid again in 2019 that you simply’re by no means going to pay once more.”
Backside line: Regardless of setbacks, the chain continues its push for innovation and pricing methods, aiming to regain momentum and buyer belief.
Dairy, vegoils push FAO meals worth index greater
The UN Meals and Agriculture Group international meals worth index rose 0.5% in November, pushed by greater costs for dairy merchandise and vegoils, which barely outweighed declines in meats, cereal grains and sugar. The November index elevated 5.7% from final yr to the best stage since April 2023. In comparison with year-ago, costs rose 5.8% for meat, 20.1% for dairy and 32.2% for vegoils, whereas values fell 7.9% for cereal grains and 21.7% for sugar.
California bans “promote by” dates to chop meals waste and save folks cash
California’s new meals labeling legislation, set to take impact in 2026, bans complicated “Promote by” dates in favor of clearer labels like “Greatest if utilized by” (for high quality) and “Use by” (for security). Aimed toward lowering the 6 million tons of meals waste Californians generate yearly, the legislation hopes to empower customers with constant labeling whereas benefiting the setting and saving cash. Critics acknowledge implementation challenges however reward the trouble to cut back confusion and curb waste. Consultants suggest counting on sensory checks for spoilage and instruments just like the USDA FoodKeeper app for steerage.
Weekly USDA dairy report
CME GROUP CASH MARKETS (12/6) BUTTER: Grade AA closed at $2.5450. The weekly common for Grade AA is $2.5285 (+0.0318). CHEESE: Barrels closed at $1.6900 and 40# blocks at $1.7000. The weekly common for barrels is $1.6510 (+0.0227) and blocks $1.6745 (-0.0030). NONFAT DRY MILK: Grade A closed at $1.3900. The weekly common for Grade A is $1.3825 (-0.0042). DRY WHEY: Additional grade dry whey closed at $0.7100. The weekly common for dry whey is $0.7135 (+0.0268).
BUTTER HIGHLIGHTS: Butter demand following the vacation week is combined. Some stakeholders point out many end-users have This fall stock wants secured. Nonetheless, some retailers convey willingness to absorb extra stock at present market costs. Though cream volumes are comparatively tighter within the southwest a part of the nation, cream masses are usually broadly out there all through the nation. Butter manufacturing paces are combined for the post-holiday week. Climate associated energy losses at butter churning services, churn tools initiatives, and holidays have made impacts on manufacturing schedules just lately. Bulk butter overages vary from minus 2 to six cents above market, throughout all areas.
CHEESE HIGHLIGHTS: Cheese manufacturing schedules differ from regular to stronger all through the U.S. Within the East area, milk volumes stay tight. Cheese plant managers relay bringing spot milk volumes in from different areas to maintain cheese manufacturing regular. Contacts share retail demand is regular, whereas meals service demand stays combined. Cheesemakers within the Central area relay lively manufacturing schedules. Contacts share milk availability varies in numerous pockets of the area, with spot milk costs starting from flat to $1 above Class III. Cheese plant managers share demand is combined. Italian type and cheddar cheesemakers share demand ranges from regular to stronger. Cheese manufacturing is combined within the West area. Spot milk availability is tighter in some areas of the area. Contacts share cheese inventories are available for spot purchasers.
FLUID MILK HIGHLIGHTS: Milk manufacturing is usually famous as regular or stronger all through the nation. Nonetheless, latest week-to week California milk manufacturing variations are combined. Some California milk handlers convey November 2024 milk output was down in comparison with the prior month. That mentioned, each protein and milkfat parts in milk output proceed to be robust throughout the nation. Spot milk load availability is tighter within the southwest a part of the nation in comparison with the remainder of the nation. Midwest spot milk costs had been reported from Class to $1-over Class III. Class I, II, and III calls for differ from robust to regular. Class IV demand is regular. Condensed skim milk availability and demand are each combined. Midwest cream suppliers relayed some pickup in ice cream manufacturing. Cream multiples for all Courses are 1.17-1.28 within the East, 1.08-1.28 within the Midwest, and 1.00-1.32 within the West.
DRY PRODUCTS HIGHLIGHTS: Low/medium warmth nonfat dry milk (NDM) costs had been combined. Within the Central and East areas, costs had been regular to greater, whereas Western costs dipped decrease. Demand notes differ from quiet to regular. Dry buttermilk costs moved greater all through the nation. Butter churning charges are robust, however drying schedules are combined. Dry complete milk costs slid decrease this week on quiet home demand. Dry whey costs moved greater all through the nation this week. Demand is robust, and availability is notably restricted. Whey protein focus 34% costs stay in rarified bullish air, because the upward worth development continues. Lactose costs had been regular to decrease, regardless of robust home demand notes. Rennet and acid casein costs had been unchanged as merchants work by way of Q1 2025 contractual negotiations.
INTERNATIONAL DAIRY MARKET NEWS: WEST EUROPE: The newest European Fee Newest World Quotations of Dairy merchandise listed butter costs for the week ending 11/24/24 had been 44 % above the identical week final yr. Skim milk powder costs had been listed at 3 % under the identical week final yr. Complete milk powder costs had been listed at 13 % above the identical week final yr.
EAST EUROPE: Earlier than a authorities assembly on Tuesday, the Polish Prime Minister introduced the nation’s opposition to the EU-Mercosur free commerce deal in its present kind. Polish officers introduced the nation’s first confirmed circumstances of bluetongue illness. The circumstances had been recorded in beef cattle on a farm in southwestern Poland.
AUSTRALIA: In response to Dairy Australia, October 2024 milk manufacturing, 917.7 million liters, was up 1.3 % from October 2023. October 2024 milk manufacturing was up from the prior yr in New South Wales, Victoria, and South Australia. In the meantime, milk manufacturing was down in Queensland, Western Australia, and Tasmania. Milk manufacturing from the beginning of the season in July 2024 by way of October 2024, 2,991.1 million liters, elevated 1.7 % in comparison with the identical time-frame a yr earlier.
NEW ZEALAND: Export knowledge for October 2024 was just lately launched for New Zealand. This knowledge confirmed a 16 % improve in worth for milk powder, butter, and cheese exported in October 2024 in comparison with October 2023. Recent milk and cream export values had been 14 % greater in October 2024, when in comparison with a yr earlier. Adjustments in export portions from October 2023 to October 2024 for milk powders, milk fat (together with butter) and cheese are + 3.8 %, – 3.5 %, and + 7 %, respectively. Toddler system export values in October 2024 had been 7 % greater in comparison with a yr prior, whereas casein and caseinate values had been down 20 %.
SOUTH AMERICA: Well timed climactic enhancements have prompted an increase in feed availability and cow consolation ranges in key areas of the South American area, however there may be one notable holdout. Brazilian milk output, though slowly ticking seasonally greater, continues to be reeling from a notably hindered onset of the spring milking season. Experiences counsel areas of Brazil nonetheless have time to “catch up” over the following two months if situations proceed to enhance.
NATIONAL RETAIL REPORT: Whole typical dairy commercial numbers shifted 12 % decrease from Thanksgiving week, whereas natural dairy advert totals elevated by 15 %. Concerning complete natural commodities, most advert totals moved up, however natural bitter cream adverts jumped by practically 1,000 % throughout week 49. Typical ice cream, in 48-to-64-ounce containers, was essentially the most marketed merchandise once more this week. Half-gallon milk adverts had been essentially the most marketed single natural merchandise this week.
