ANALYSIS: China’s Oct 2025 Beef Imports Retreat from Record Highs at 281,292 mt

China’s October 2025 beef imports eased back from September’s record highs at 281,292 metric tons (mt), according to the latest data from the General Administration of Customs of China (GACC).

While inbound tonnage slips, volumes remained the second highest on record this year. Shipments fell 11.0% month-on-month (MOM) or 34,593 mt, driven by declines from most key suppliers like Argentina, Australia, Brazil, New Zealand, and Uruguay. Bolivia was the sole exception, partially offsetting the overall drop...

ANALYSIS: A Long-Awaited Look at the Latest Broiler Hatch Figures

After considerable anticipation, the USDA has begun releasing updates to its hatchery report, and the latest data largely confirms what market participants have been expecting. For the week ending November 15th, broiler-type production showed mixed signals throughout October and early November. Weekly egg sets stood at 248 million, reflecting a modest 1% year-over-year (YOY) decline from 2024’s elevated levels, but still ranking among the highest seasonal readings on record.

Chick placements followed a similar pattern when compared to much of the...

ANALYSIS: Wholesale Fresh Turkey Quotations Up 31% Year-Over-Year as Supply Tightens

Fresh wholesale turkey quotations currently sit at a value of $1.77, the second-highest seasonal price on record. This is up 31.1% year-over-year (YOY) and is 10.0% above the 5-year average for this time period. Meanwhile, last week’s retail values for fresh 16-24 lbs. turkeys were only higher than those of last year at the same time, by 19.5%.

In 2024, the retail value of fresh whole turkeys was held above the wholesale value up until the week...

ANALYSIS: Brazil-Mexico Beef Imports Ease Ahead of PACIC Renewal  

Brazil’s beef exports to Mexico moved lower in October, as participants reported being adequately covered for both short- and medium-term needs, reducing the urgency for additional bookings. Some participants had maintained a more cautious stance while the industry awaited the decision on the PACIC renewal, which was finally confirmed this week. The announcement removed a point of uncertainty, although participants indicated that it is still too early to determine whether the extension will materially influence short-term import activity...

ANALYSIS: China’s October 2025 Meat Imports Halt Four-Month Rally, Slump 10% MOM

China’s October 2025 meat imports, variety meats included, came in at about 490,000 metric tons (mt), slumping 9.9% compared to a month ago, according to preliminary data from the General Administration of Customs of China (GACC).

Inbound tonnage pulled back nearly 55,000 mt, a marked reversal from August’s figures following four straight months of growth.

On an annual basis, imports fell 8.4%. The lingering impact of official alcohol curbs has carried into the second half, with upscale dining and hospitality still struggling to rebound, hindering...

Australia: Beef Production Hits Record Highs as Lamb and Mutton Turnoff Slows

Australia’s cattle industry continues to set new benchmarks, with the latest Australian Bureau of Statistics (ABS) figures confirming record beef production for the September quarter.

At the same time, sheep and lamb slaughter has eased significantly following last year’s peak turnoff.

Meat & Livestock Australia (MLA)’s Manager for Market Information, Stephen Bignell said that strong seasonal conditions across northern Australia have underpinned the surge in cattle numbers.

Pork Exports Remain Strong in August; Beef Decline Continues; Lamb Exports Trend Higher

USDA has released August red meat export data, which was delayed due to the lengthy government shutdown. As compiled by the U.S. Meat Export Federation (USMEF), August data showed a relatively strong performance for U.S. pork exports and an uptick in shipments of U.S. lamb cuts. But beef exports were sharply lower than a year ago, impacted heavily by an impasse with China that has effectively locked U.S. beef out of the world’s largest import market.

August pork exports totaled 236,311 metric tons (mt), down 1% from a year ago, valued at $685.9 million (down 2%)....

AHDB - Cautious Global Pork Market Outlook for 2026

Rabobank’s latest pork report presents a cautious global pork market outlook heading into 2026. Despite easing feed costs due to record North American crop harvests and favourable planting conditions in South America, growth remains constrained by the influence of trade tensions, disease risks, and regulatory challenges. Producers are prioritising better productivity, biosecurity, and heavier carcass weights to offset limited herd expansion.

Regional Highlights

Europe (EU-27 + UK)

European pork production increased by 3.5% year-on-year (YOY) in July 2025, led by Spain (+7%) and Poland (+5%). Exports rose 3% YOY, supported by the recent US-China trade tensions. However...

The Retail Rundown: Cheaper Turkeys Hit Shelves Despite Wholesale Price Surge

This Thanksgiving, holiday shoppers might spot some relief: retail turkey prices have eased, even as wholesale values climb toward near-record highs.

Ongoing challenges, such as persistent bird flu outbreaks and relatively low hatch rates, have limited production all year, leaving supplies exceptionally thin ahead of the holiday. 

While retailers secure turkeys well in advance to build cold-storage inventories, frozen whole-bird stocks in 2025 remain near seasonal record lows, leaving little supply cushion...

Americans Plan to Dine Out More in 2026 as OpenTable Reports Strong Industry Growth

OpenTable’s newly released 2026 Dining Trends Report shows that despite mixed views on the economy, Americans continue to prioritize eating out, driving steady growth across the foodservice industry.

According to the analysis, dining out increased 8% year-over-year in 2025, and consumers expect for that to increase in 2026.

"As we head into 2026, there's good news for the restaurant industry: our new research shows that people continue to make room in their lives and budgets for dining out...

ANALYSIS: Australia’s Q3 2025 Beef Production Soar to Record Highs, Cattle Kills Highest Since 1978

Australia’s Q3 2025 beef production surged to a record 759,270 metric tons (mt), as cattle slaughters hit their highest level since 1978, according to the latest data from the Australian Bureau of Statistics (ABS).

Rising 5.8% from Q2, the quarterly increment of 41,379 mt was fueled by growth across all beef-producing regions, led by strong gains in Queensland, Australia’s top producer, and New South Wales...

Farm Bureau: Cost of Thanksgiving Dinner Declines

Cooking a Thanksgiving dinner for your friends and family will cost less than last year, marking the third straight year of price declines. The American Farm Bureau Federation’s 40th annual Thanksgiving dinner survey provides a snapshot of the average cost of Thanksgiving staples that make up a classic holiday feast for 10, which is $55.18 or about $5.52 per person.

This is a 5% decrease from 2024. Three years of declines don’t fully erase dramatic increases that led to a record-high cost of $64.05 in 2022.

The centerpiece on most Thanksgiving tables – the turkey...

ANALYSIS: US Dairy Herd Shows Continued Robust Growth

The USDA’s September data showed a pronounced expansion in the US dairy herd in the 24 selected states; an increase of 235,000 cows year-over-year was reported. This marked acceleration from recent months. That gain helped lift national herd counts well above 2024 levels for much of 2025.

Producers are driving growth by retaining higher and mid‑producing cows for additional lactation cycles and keeping back added heifers on the farm. Those retention choices reflect the push for many operations to produce more milk to...

Andrews Meat Industries Acquires Prime Cut Meats to Boost Turnover and Expand Distribution 

Andrews Meat Industries (AMI), part of the JBS Australia food group, has acquired Queensland-based foodservice wholesaler Prime Cut Meats (PCM). This strategic acquisition is expected to increase AMI's turnover to over $650 million in the coming financial year.

Both family-managed businesses, AMI and PCM, share a commitment to quality and service, making this partnership a natural fit. AMI CEO Peter Andrews expressed confidence that the acquisition will augment PCM's reputation and enhance distribution capabilities in Queensland...

Proposed WOTUS Rule Protects Environment, Respects Farmers

American Farm Bureau Federation President Zippy Duvall commented today on the EPA and Army Corps of Engineers’ proposed Waters of the United States rule.

“Clean water is a top priority for farmers and ranchers – we depend on it. We are pleased that the new rule protects critical water sources while respecting the efforts of farmers to protect the natural resources they’ve been entrusted with...

NCBA Secures New WOTUS Proposed Rule that Protects Family Farmers and Ranchers

Today, the National Cattlemen’s Beef Association (NCBA) announced support for the new proposed Waters of the United States (WOTUS) rule released by the Environmental Protection Agency (EPA). The revised WOTUS rule comes after decades of advocacy by NCBA and our state affiliate partners to remove confusing and burdensome regulations on cattle farmers and ranchers.

“Waters of the U.S. has been a longstanding and frustrating issue for family farmers and ranchers. Every few years, the definition of a ‘water of the U.S.’ has changed. Often, this meant that small water features like prairie potholes or dry ditches suddenly fell under federal regulation,” said NCBA...

ANALYSIS: Cage-Free Market Strengthens Amid Limited Supply and Holiday Demand 

The cage-free market continued its upward climb this week, supported by stronger demand throughout the US and tightening spot availability. Buying interest has spiked for egg destined to retail this week. Sellers, meanwhile, are holding product with greater confidence after being approached by multiple buyers, from both cage-free and conventional outlets seeking to down-pack.

Retail conditions remain the primary driver of strength. Large national chains along the West Coast continue to offer highly aggressive shelf pricing...

ANALYSIS: US Hog Weights Edge Higher

Average live hog weights continue to firm seasonally, with the latest packer-sold average at 293.72 lb, up 1.4% month-over-month (MOM) and 1.8% higher year-over-year (YOY). Packer-owned weights averaged 285.63 lb, rising 0.6% MOM but sitting 0.3% lower YOY, reflecting a mostly steady to higher tone relative to last...

Navigating the Trump Tariff Turbulence: A Comprehensive Timeline

US President Donald Trump and his administration have paused reciprocal tariffs on most countries.

“Based on the lack of respect that China has shown... I am hereby raising the [tariff] charged to China by the [USA] to 125%, effective immediately,” wrote Trump on Truth Social at 1:18 pm ET. 

It’s not clear if this 125% is in addition to the 20% imposed on Chinese imports to the US. In early March, Trump noted that he would add another 10% tariff on Chinese goods...

FMI Praises President Trump’s Actions to Reduce Tariffs on Food Products

Today, FMI – The Food Industry Association resoundingly applauded President Trump for signing a presidential order that reduces tariffs on food and agricultural products not grown at all or in sufficient quantities in the United States to fully meet consumer demand. FMI President and CEO Leslie G. Sarasin offered the following statement.

“FMI is grateful and extremely pleased at President’s Trump’s actions to cut tariffs on a wide swathe of food and agriculture products. Today’s action should help consumers, whose morning cup of coffee will hopefully become more affordable, as well as U.S. manufacturers, which utilize many of these products in their supply chains and production lines. 

USMEF Elects New Officers, Examines Reciprocal Trade Opportunities and USMCA Review

The U.S. Meat Export Federation (USMEF) concluded its Strategic Planning Conference Friday with election of its new officers. Chairing USMEF for the 2025-26 term is Jay Theiler, executive vice president of corporate affairs for Agri Beef Company, based in Boise, Idaho. 

Theiler recalled his early days with Agri Beef, when the company came to realize that it could not maximize the value of each head of livestock processed by selling product only in the Pacific Northwest, or even in the entire United States.

PODCAST: Agri-Food for Thought Ep 36 - Essential Procurement Skills & Advice, Feat. Malcolm Harrison

Expana presents Agri-Food for Thought, the podcast series for agriculture and food professionals.

On today's episode, we welcome Malcolm Harrison, an international board-level executive with expertise in general management, operations, procurement, and sales. He has worked in diverse business environments across Brazil, China, France, Gulf states, the UK, the US, and West Africa. A veteran and engaging leader, Malcolm has always sought to improve business performance through growth and efficiency. He has a track record of quickly identifying gaps and opportunities for continuous improvement

Economic Impact Report Quantifies Instacart's Role as Grocery Industry Growth Engine and Job Creator

An Economic Impact Report released today by Instacart, the leading grocery technology company in North America, features new internal and third-party data revealing how its platform powers growth, earnings, and food access across the grocery economy in the U.S. and Canada. What began more than a decade ago as a same-day grocery delivery app has grown into a vital ecosystem that fuels economic opportunity, strengthens communities, and makes fresh, affordable food more accessible for...

Walmart Announces Leadership Transition as John Furner Succeeds Doug McMillon

The Board of Directors has elected John Furner to succeed Doug McMillon as President and Chief Executive Officer of Walmart Inc., effective February 1, 2026. He was also elected to the company's Board of Directors, effective immediately.

“John Furner is the right leader to guide Walmart into our next chapter of growth and transformation,” said Greg Penner, Chairman of Walmart Inc.

With more than three decades with the brand, Furner brings a dynamic set of skills and experience to his new role. He began his...

ANALYSIS: Broiler Weight Class Shifts and Market Dynamics

Through the week ending November 8, 2025, cumulative chicken headcount shows notable shifts by weight class compared with 2024. Total head slaughtered increased slightly on a year-over-year (YoY) basis, rising from 7.40 billion in 2024 to 7.56 billion in 2025. This 2.12% uptick is enough to position this metric at a new seasonal high.

Keeping in line with the industry’s ongoing efforts to maximize feed efficiency, the number of small-sized birds (4.25 lbs./down)...

ANALYSIS: Turkey Consumption Falls as Production Drops Even Faster Amid Supply Constraints

According to the USDA, US per capita consumption of turkey meat for 2025 has a projected figure of 13 lbs., down 17.2% from 2020. Yet the projected percentage of turkey meat used in the US compared to ready-to-cook (RTC) production is 94.1%, up 3.5 percentage points from 2020. This suggests that while American consumers are lowering the amount of turkey they consume in line with the extremely limited supplies, these two metrics are not decreasing at the same rate, with turkey production falling more rapidly than per capita consumption...