Friday, June 30, 2023

Worst meat packaging - standout terrible product that should be scrapped

Worst Packaging of 2022

2022 brought back some familiar foes but we also found some new offenders. The top 5 worst culprits of 2022 were:

5 – Pre-packaged sealed trays – This was a debut entry on our list, commonly used for food products such as meat and seafood. These trays are almost impossible to open by hand and many consumers have to ask loved ones to open them or resort to creative opening methods. Participants said they used tools such as knives to open the “stubborn” packaging. Even after cutting open these trays with knives or scissors the packaging still presents a hazard as the cut edge is sharp.

Dangerous to open with cutting knives and other implements. High risk and should be banned. Retailers and their suppliers must do better and remove these dreaded packages from the market.

Thursday, June 29, 2023

USA Cattle Prices Continue To Climb

The ongoing story of tight cattle supplies combined with improving pasture conditions and lower year-over-year feed costs continues to push feeder cattle prices higher.

Demand for limited supplies of feeder cattle remains strong. Feedlots are looking to fill their feedyards to take advantage of lower feed costs and the prospects for higher fed cattle prices, while recent rains have improved the drought situation in a few areas, likely creating some demand for cattle to go on grass.

In May, the weighted-average price for feeder steers weighing 750–800 pounds at the Oklahoma City National Stockyards was $205.53 per hundredweight (cwt). This was a $7 increase from April and nearly $52 higher than May 2022.

In the first week of June, prices jumped $20 from 2 weeks prior to $228.98 per cwt. For reference, the highest recorded weekly price for feeder steers was $243.58 per cwt in October 2014. Accounting for the recent strength in prices and improved opportunities to put calves on pasture, the second-quarter forecast price for feeder steers is raised $5 to $209 per cwt. The third quarter is raised $10 to $224 per cwt, and fourth quarter is raised $6 to $226 per cwt. The 2024 forecast is raised $6 to $227 per cwt.

https://www.ers.usda.gov/publications/pub-details/?pubid=106747

Wednesday, June 28, 2023

High Australian food inflation with rises in all essential household goods and services.

Food and non-alcoholic beverages prices rose 7.9 per cent in the 12 months to May.

"The main contributor to this increase was Meals out and takeaway food which increased from 7.3 per cent in April to 7.7 per cent in May, as higher costs of ingredients, rents, utilities, and wages were passed on," Ms Marquardt said.

Price rises for Food products not elsewhere classified (+11.5 per cent), Bread and cereal products (+12.8 per cent), and Dairy and related products (+15.1 per cent) were also significant contributors to the increase.

https://www.abs.gov.au/media-centre/media-releases/monthly-cpi-indicator-annual-rise-56-may-2023