October 12, 2018
Headlining our news today,
and Vietnam are two developing markets that represent huge opportunities
for U.S. pork export growth. A recent trade mission to Asia by the
National Pork Board International Marketing Committee built lasting
relationships with international customers and elevated U.S. pork as the
global protein of choice. The Pork Checkoff team toured Singapore,
Vietnam, Hong Kong and Macau, meeting with pork processors, distributors
and retailers, importers and traders, as well as in-country staff
responsible for promoting U.S. pork in the region.
vast export engine unexpectedly kicked into higher gear in September,
producing a record trade surplus with the United States that could
exacerbate the already-heated dispute between Beijing and Washington.
Analysts said last month's strong export growth - which might indicate
U.S. tariffs are not biting much yet - is unlikely to be sustained.
September exports rose 14.5 percent from a year earlier, the fastest
pace since February, and was well above August's 9.8 percent and a
Reuters poll forecast of 8.9 percent.
President Mike Pence and U.S. Secretary of Agriculture Sonny Perdue were
briefed today on the potential impacts of Hurricane Michael as it
relates to agriculture and rural communities in the stormís path.
Secretary Perdue said he is proud of the work being done by the USDA
family as they continue to assist during Hurricane Michael, and his team
will continue to be there for farmers, ranchers, and those affected to
get them the aid they need.
With the recent signing of the new
North American trade deal, known as the USMCA, those dealing in chicken
exports are eager to know what role this new agreement will play in the
export arena. The latest analysis from Urner Barry provides an inside
look at Canada and Mexico's role in the chicken export markets.
full analysis here.
Finally, This Week in Retail looks at
the latest CPI data and the growing spread between retail and
foodservice costs. But while food at home is currently cheaper, food
away from home tends to be steadier and less reactive to price changes
in the market.
Welcome to Foodmarket News!
Urner Barry is proud to offer you
Foodmarket.com. A website designed to provide you with the best
news coverage in the food industry.
day, readers are kept fully informed of the food industry's most timely,
relevant developments and market updates with stories presented in a
clear, concise manner. This enables you to make the most of your busy
day while remaining fully informed.
this authenticate your membership and provide you with all the benefits
associated with this service, but it expedites your login by storing
your information so that you do not have to enter it each time you
access the site.
If you are already registered, please
continue to enjoy uninterrupted access with your existing
username and password.
● Not registered yet? Please take a moment to
to continue access to all of Foodmarket's features.
Copyright © 2018 Foodmarket.com
● 732-240-5330 ●