Australian beef and lamb prices sky high

Records are tumbling regularly as the beef and sheep meat markets reach for the sky in Australia. Beef, based on the Eastern Young Cattle Indicator EYCI, is up 26% on the same day in 2015.

http://www.mla.com.au/Prices-markets

NH Foods Japan - current promotion

According to agInfo comparison of meat companies produced in April 2016, NH Foods or Nipponham is number 5 globally. Latest annual sales available from published returns equated to USD $ 10.3 billion.

the plant network in Japan is as follows:

NH Foods plant network

http://www.nipponham.co.jp/index.html

The company is promoting seasonal BBQ http://www.bbqgo.jp/

The website includes a rather clever You Tube video

JBS Friboi Academy of Beef digital platform

An impressive brand and marketing initiative.

The brand has created a digital platform, the Academy of Beef Friboi, to provide service to those buying, with tips, tutorials and recipes on cuts.

http://academiadacarnefriboi.globo.com/inicio

http://www1.folha.uol.com.br/o-melhor-de-sao-paulo/restaurantes-bares-e-cozinha/2016/06/1784559-maior-marca-de-carne-do-mundo-jbs-friboi-abate-40-mil-cabecas-de-gado-por-dia.shtml

Colombian meat to enter the Egyptian market

Bogotá, DC June 21, 2016.- After more than a year of negotiations and meetings with the Veterinary Services of Egypt, Colombia was authorized to export beef to that market, after five production plants were given via free to come to this country with your product.
Plants may be providers of this food are located in La Dorada (Caldas), Corozal (Sucre), Cienaga de Oro, Montería (Córdoba) and Galapa (Atlantic). With this country and add 11 those who have "visa" to market good reference.

The Colombian government received the result of the audit that was done to the plants of these municipalities, which guarantee sale is given to the economy by 5 years. The country sought the rehabilitation of some plants that had beaten them permission and approval from others.


http://www.mincit.gov.co/publicaciones.php?id=36662

Carrefour Jakarta featured prices beef

Australian frozen imported beef is being sold in stalls by an importer in Jakarta following air freight arrivals this past week. The prices vary from 79,000 IDR to 60,000 IDR for 85CL.

Beef rump and beef rendang Carrefour Jakarta

Guaranteed fresh product shown above selling at 99,900 and 94,900 IDR per kg.

Prices have dropped in Jakarta markets according to the daily wet market reporting service. http://infopangan.jakarta.go.id/

Highest price in the markets surveyed 130,000 IDR per kg with average 117,000 IDR. Beef hind survey price as high as 150,000 IDR with average 125,500 per kg.

Australian retail lamb prices trend 2016

Using a yield weighted retail lamb price and the published Woolworth's catalogue gives a variable trend but values seem to have settled around $11.50 per kg on a weekly basis and producers share of the retail lamb dollar have headed up to around mid 60s percentage compared to 55% earlier in the year. Retailers are pushing weekly specials and there is now regular media interest in retail meat prices and retail and supermarket competition to retain market share.

Regulator in Mexico reviews controls over movement of Central American cattle to Mexico

http://www.mexicoganadero.com/noticias2015/sagarpa16_279.php

the (rules) actions seek to bring order to the mobilization of animals for buying and selling, pasture, fattening, slaughter and export, so that there is only a single yellow ear tag for cattle and not several and different colors as in today. Dec 1 is mentioned as effective date.

Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Food

Chicago Mercantile Exchange live cattle futures reach 4 year low

The August 2016 contract last trade was $110.50 and is US$20 per cwt below the 5 year average choice steers live cattle cash price and $40 below the cash market 12 months ago.

Cattle producers in USA must be concerned with the continued volatility of the futures market and sharp movements in the daily range with Monday 20 June moving between 113.25 and 107.25.
http://www.producer.com/daily/live-cattle-fall-to-4-year-low-on-beef-price-losses/

Australian beef exports to Indonesia

January to May 2016 has seen a 70% increase in Australian beef exports to Indonesia compared to the same period in 2015. Indonesian government agencies and relevant ministries are seeking prompt shipment of around 29,000 tonnes of frozen Australian beef for June, July shipment, some of which has started to arrive by air freight.

Widespread good rain in many regions Australia in June

solid falls along a band running north south in Queensland, NSW and Victoria. Hope for bountiful crops and certainly livestock markets are buoyant and meat processors feeling plenty of pain with negative margins on most categories.

http://www.bom.gov.au/jsp/awap/rain/index.jsp?colour=colour&time=latest&step=0&map=totals&period=cmonth&area=nat

Beef prices in Turkey reach €8 per kg

Irish beef producers seeking greater access for livestock export for both slaughter and breeding cattle. €8 per kg is equivalent to AUD$12 per kg, high by global standards.
http://www.farmersjournal.ie/beef-price-in-turkey-at-8-per-kilo-212085

over a period since 2010 Turkish agencies have approved imports from a range of sources, particularly the EU. USDA FAS report. Turkish Meat and Milk Board (ESK) has been again granted the permission to import beef from the EU and Bosnia Herzegovina due to continuously rising prices for years. The measures taken by the Ministry of Food, Agriculture and Livestock (MinFAL) such as the subsidies given to the producers, live cattle and carcass meat import, fixed price ceiling on the markets have not been able to decrease the meat prices in Turkey, which are a serious public concern and a focus of the new government.
no meating demand - article by USDA FAS

IMF staff - China continues its transition to a sustainable growth path and is making progress on many dimensions of rebalancing

concluding remarks in relation to IMF staff visit.

"China stands at a crucial juncture in its development path. Given its record of successful reforms over the past 3 ½ decades, and the authorities’ strong commitment to their ambitious reform agenda, we are confident that China will, once again, find its way through the challenges ahead, and we wish them the best of success in their efforts."

http://www.imf.org/external/np/sec/pr/2016/pr16277.htm

US House Agriculture Committee Chair writes to USA Futures regulator

The live cattle futures market continues mid year with August and October contracts continuing to show volatility.

http://agriculture.house.gov/news/documentsingle.aspx?DocumentID=3432
In the letter, Chairman Conaway writes, “I have reviewed the document, and I believe it presents a comprehensive overview of the current state of economic research on excessive speculation and an objective analysis of the potential utility of position limits. The report discusses in detail the ongoing and vigorous debate among economists about what constitutes excessive speculation and what, if any, impact it might have on prices and volatility in the commodity futures markets.”
CFTC Office of Chief Economist
we await further news on the subject having seen earlier requests by the NCBA peak US cattle producer organisation requesting government and regulators not to rush any new legislation on futures markets, particularly live cattle.

Chinese pork farmers enjoy the recent high prices

USDA report in their Chinese GAIN report http://goo.gl/3BSrrT on oilseeds that recent very high pork prices have seen farmer returns surge ahead.
"Pork prices and the price ratio between grain and hog hit a record high in mid-April and then climbed higher to11.2:1 in mid-May. According to an independent industry source, this contributed to historical profit margins for swine farmers which range from RMB1,000 ($154) to 1,500 ($230)/head. Farmers are actively increasing swine inventory, up 0.6 percent in April from the previous month and sow inventory up 0.3 percent. For instance, in Sichuan Province despite the high price for piglets, total swine inventory increased by 2.3 percent by the end of April over the previous month. Most officials and industry leaders believe the current high pork price/profit is compensation to the sector which experienced heavy losses in the past few years. The growing trend in the swine sector is expected to continue for the rest of 2016 as the current sow inventory is still below the level of the past five years." source: USDA Oilseeds and Products Update 5/31/2016 Number: CH16035

Australian lamb prices and recent rise in the lamb indicator

Given the Australian trade lamb indicator has risen to over $6 per kg carcase weight, the chart below shows the 10 year trend line and the fluctuations. The line indicates current trend value of $5.60 per kg and the most recent peak was $6.71 in March 2011.

Lamb prices over the whole series of the indicator published by MLA commencing in 1998 shows a similar trend value currently of around $5.50 kg carcase weight. The earlier peak in the full 18 year series was $5.37 per kg in August 2004. agInfo is now collating both a yield weighted retail lamb cutout based on Woolworth's weekly catalogue prices as well as regular export heavier lamb indicator based on the Monday USA imported lamb price report published by USDA.

New Zealand meat and dairy returns trend down

http://www.stats.govt.nz/

Meat and dairy products led the fall in total manufacturing sales in the March quarter. Figures released by Statistics New Zealand yesterday showed the volume of total sales fell 1.2%. Meat and dairy product manufacturing volumes fell 7.8%.

http://www.odt.co.nz/news/business/386131/meat-dairy-lead-manufacturing-sales-decline

Beef prices Jakarta Indonesia

Media interest in Indonesia continues in beef prices. The Jakarta entity quotes on a daily basis and 8 June show high beef price at IDR 140,000 kg, lowest price 100,000 kg and average 117,000 kg. Lamb 111,206 kg average.

http://infopangan.jakarta.go.id/

Administrative agency in Jakarta has made assurances regarding local prices.

http://www.thejakartapost.com/news/2016/06/08/ahok-vows-cheap-beef-price-for-jakartans-in-subsidized-bazaar.html

Imported frozen beef handled by Bulog has been selling at 75,000-90,000 IDR. Purchase prices 70,000 IDR. AUD$ rate 9800 in range of 9900-9700 Bank Indonesia.

USA April Red Meat Exports below Last Year; Year-to-Date Volumes Steady

Through the first four months of 2016, both pork and beef exports were steady with last year’s pace in volume, but fell 9 percent and 13 percent, respectively, in value. Beef exports totaled 88,190 mt in April, down 4 percent from a year ago, while export value fell 13 percent to $481 million. Through the first four months of the year, beef exports were 343,176 mt valued at $1.84 billion.
April exports accounted for 13 percent of total beef production and 10 percent for muscle cuts only, each down about 1 percentage point from last year. For January-April, these ratios were down slightly from a year ago at 12.5 percent and 9.5 percent. Export value averaged $252.42 per head of fed slaughter in April – down 15 percent from a year ago but the highest of 2016. January-April export value averaged $245.56 per head, down 16 percent.
http://www.usmef.org/news-statistics/statistics/

China becomes largest buyer of beef from Brazil

China became in May at the world's largest buyer of beef from Brazil to have bought 20,280 tons, so paid 84.3 million dollars, according to the Brazilian Association of Meat Exporters (Abiec).Overall, Brazilian companies exported 100,980 tons of beef, amount generated revenue of 398 million.

http://www.macauhub.com.mo/pt/2016/06/06/china-passa-a-principal-comprador-de-carne-de-vaca-do-brasil/

Brazil meat exports increase in volume but prices fall

The Brazilian Association of meat processors referred to falling prices in their June 2, release.

Brazil association release

Meat exports in natura (uncooked fresh, frozen meats) advanced in volume and revenues in May this year compared to the same period last year. Ministry of Industry data, (MDIC), released on Wednesday, June 1, reveal that despite these increases, the average price of all proteins had decline year on year, due to the fall in international prices . Compared to April, chicken meat is a negative exception, with a reduction in both volume and in revenues. One reason for this fall is the return of the product produced in the United States to global markets after the end of the bird flu outbreak in the country last year. Exports of beef in natura totaled 101,000 tonnes, 19.1% higher than recorded in May 2015 (84 800 t) and 16.6% higher than the 86,600 tons sold in April. Revenues from sales amounted to $ 398.2 million last month, an amount 14.1% higher than the US $ 349 million in May last year and exceeded by 17.32% to US $ 339.

Foot and mouth disease preparedness Australia

The final report from Exercise Odysseus has been released today, providing a positive assessment of Australia’s most significant foot-and-mouth disease (FMD) response exercise.

http://www.agriculture.gov.au/about/media-centre/media-releases/boosting-aus-fmd-preparedness

“FMD is the most significant disease threat to our livestock industries and we are very fortunate to be free from it,” Ms O’Connell said.

“It was estimated that a medium to large outbreak of FMD in Australia could cost the Australian economy more than AUD$50 billion over ten years.

“Australia already has well-established biosecurity systems that safeguard our industry and environment from diseases like FMD, but these systems are backed by continual improvement and the best-available evidence.

“As the final report highlights, Exercise Odysseus has supported industry and government to be better prepared to successfully implement and manage a national livestock standstill, which is a key part of our strategy to eradicate FMD, if there was an incursion.

“There is also now an increased awareness among potentially affected stakeholders of the importance, roles and potential impacts of a national livestock standstill and an outbreak of FMD.

Australia - ABS figures show gross value of agricultural production exceeds $20.5 billion

ABS Gross Value agricultural production xls spreadsheet

ABS also reported: Exports drive economic growth
The latest Australian Bureau of Statistics (ABS) figures show exports leading economic growth with Gross Domestic Product (GDP) seasonally adjusted increasing 1.1 per cent in the March quarter 2016. GDP rose 3.1 per cent through the year.

The economy is showing a transition from mining based investment to production with new engineering construction falling for the tenth consecutive quarter (– 6.4 per cent) and Mining production growing (6.2 per cent). Mining related products significantly contributed to the 4.4 per cent growth in exports.

It is about time when city centric media got their heads around the importance of trade agreements and exports and the average person in the street woke up to the fact that our food industries are so valuable and need all the help and support that can be provided within our trade obligations.

Indonesian media report 27,400 tonnes of beef will be ordered

In order to ensure prices do not skyrocket for the coming Indonesian religious season, Trade Minister and state owned enterprises will have approval to import 27.4 K tonnes of beef.

Import story in Indonesian language