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ANALYSIS: Pork Bellies Collapse to 1999 Levels
The last time pork bellies were trading at this level, you were probably more concerned with Y2K than what to do with excess bellies. We’re forced to turn the history books back to 1999 to see...
ANALYSIS: Turkey Thigh Meat and Pork Hams: Feeling the Export Pressure
Marketers of turkey thigh meat and boneless pork hams are certainly no stranger to some cross-protein competition...
Rabobank: Coronavirus and African Swine Fever to Shake Up Global Poultry Markets
The outlook for global poultry in 2020 will be materially affected by the current coronavirus pandemic, and the ongoing African swine fever (ASF) challenges in the pork industry will bring additional complexity to global markets.
Rabobank expects a further drop in pork production in Asia this year, which could lead to potential growth in local poultry production and international trade, if rising supply chain challenges can be managed. As coronavirus is now expected to cause a global economic slowdown, poultry demand could...
ANALYSIS: COVID-19 and the Pork Market
Analyzing a situation at the beginning or in the middle of a market-moving event is never an easy task, and with Coronavirus, this fact rings truer than ever. In truth, it has not been that long since...
PODCAST: Have We Peaked? Coronavirus and African Swine Fever in China
This week Laura sits down with Todd Thurman of Swinetex to discuss the African swine fever situation in China and restocking efforts. With COVID-19 complicating an already serious situation, what can the pork industry expect...
Coronavirus Impacts Meat Consumption in China
One of the many effects from the coronavirus outbreak in China is the impacts it has had on food consumption and the demand for meat.
At the height of the outbreak, nearly all foodservice establishments were closed, with some attempting to resume business now. However, restaurants that have managed to remain open are facing a sharp decline as consumers are staying indoors. A few restaurants switched to a delivery-only model during this time to help cash flow, but consumers are still hesitant of ordering and interacting with delivery drivers.
According to Darin Friedrichs, Senior Asia Commodity Analyst at INTL FCStone, consumer sentiment has been improving as China continues to...
USDA Announces ASF Response Plan; Prevention Remains Top Priority
At the National Pork Industry Forum, USDA Under Secretary for Marketing and Regulatory Programs Greg Ibach announced an African swine fever (ASF) action plan should the swine-only disease be detected in the United Sates. To date, the United States is free of African swine fever; prevention remains the number one priority for the National Pork Producers Council.
According to the plan, USDA Secretary Perdue would immediately declare an “extraordinary emergency” if ASF was detected in the United States. In doing so, the USDA would be established as the leader of a national, coordinated response to control and eradicate the swine disease, which poses no human health or food safety risks. By declaring an extraordinary emergency, the USDA ensures...
NPPC Heralds Signing of Ag Inspectors Bill
The National Pork Producers Council (NPPC) thanks President Trump for signing into law on Tuesday legislation (S. 2107) that authorizes funding for 720 new agricultural inspectors at land, air and sea ports to prevent African swine fever (ASF) and other foreign animal diseases (FAD) from entering the United States. Providing additional agricultural inspectors represents a top priority for NPPC.
“Ensuring we have enough agricultural inspectors at our borders is critical to maintaining a healthy U.S. swine herd,” said NPPC President David Herring, a hog farmer from Lillington, N.C. “The U.S. Department of Agriculture and the Bureau of Customs and Border Protection (CBP) have done much to mitigate the risk to animal disease. Bolstered by this legislation, even more...
Coronavirus Complicates the African Swine Fever Outlook
While African swine fever remains the dominant issue in global animal protein – with change continuing in China, Southeast Asia and Europe – Coronavirus is now complicating the outlook.
For China, and most of global animal protein, 2019 was a year of unprecedented change. China’s pork production declined by over 20% in 2019, hog and pork prices reached record levels and dragged other protein prices up with them, and animal protein imports were above, or close to, record levels across the species. ASF also impacted pig herds and pork production in other parts of the world – across north Asia and Southeast Asia, and in some parts of Europe. Global animal protein trade was heavily shaped by ASF in 2019, with China’s record demand influencing many markets.
In China, the number of new ASF cases, and the number of re-infections, has been declining. In other parts of Asia, the disease continues to spread, with...
U.S. Pork Industry Requests Additional ASF Prevention Measures
Thanks to continued vigilance by the U.S. Department of Agriculture (USDA), the Bureau of Customs and Border Protection (CBP) and the U.S. pork industry, the United States has so far prevented an outbreak of African swine fever (ASF), an animal disease affecting only pigs with no human health or food safety risks. To ensure the U.S. swine herd remains free of the disease, the National Pork Producers Council (NPPC) and 30 state pork producer associations today asked Agriculture Secretary Perdue to take additional measures, including restricting imports of organic soy products for animal feeds from all ASF-positive countries.
The U.S. pork and feed industries have adopted holding times to allow for the natural degradation of any viruses, to ensure that most imported feed ingredients are safe to use. Research indicates, however...
NPPC Applauds House Passage of Ag Inspectors Bill
The U.S. House of Representatives today approved legislation that authorizes funding for 740 new agricultural inspectors at land, air and sea ports to prevent African swine fever (ASF) and other foreign animal diseases (FAD) from entering the United States. In October 2019, the Senate approved an identical version of the bill (S. 2107), which the House approved today. Providing additional agricultural inspectors represents a top priority for the National Pork Producers Council (NPPC).
“For more than a year, NPPC has advocated for more agricultural inspectors at our borders,” said NPPC President David Herring, a hog farmer from Lillington, N.C. “The U.S. Department of Agriculture and the Bureau of Customs and Border Protection have done much to mitigate risk to animal disease, but we must remain vigilant. Today’s vote represents a tremendous victory for our farmers, consumers and...
Brazil Beef Exports Jump on Strong Chinese Demand
Brazilian beef exports rose by 9.84% in January driven by a surge in sales to China, which faces fallout from a deadly disease that decimated a major portion of its pig population and boosted demand for other meats, trade group Abiec said on Wednesday.
Brazil's beef exports totaled 135,375 tonnes in the first month of the year, generating sales of $633.25 million, Abiec said.
“This is a positive result and in line with our growth estimates for this year," Antônio Camardelli, president of Abiec, said in a statement.
Shipments to China alone were 53,200 tonnes, an increase of...
Greece Reports First Case of African Swine Fever
Greece detected one case of African swine fever at a domestic breeding farm in the north of the country this week, agriculture ministry officials said on Thursday.
African swine fever is harmless to humans but it is highly contagious and deadly in pigs. It has spread from Africa to Europe and Asia and has already killed hundreds of millions of pigs, affecting global meat markets.
The case was found in the northern Greek region of Serres, close to the border with Bulgaria and North Macedonia, the ministry said, adding that...
African Swine Fever Shrinks Pork Production in China, Swells Demand for Imported Pork
Although the rapid spread of African Swine Fever (ASF) across China decimated the world’s largest swine herd in 2019, it has created significant export opportunities for the U.S. pork industry. In the United States, recent industry expansion and low prices helped the industry export more pork to China, despite high retaliatory tariffs on U.S. pork.
After the first cases of ASF in China were reported in August 2018, the virus spread to every province by mid-2019. Assessments by industry observers suggest that the number of ASF outbreaks and losses of swine far exceeded officially reported numbers. As mentioned earlier, China’s swine herd was decimated—both by...
China's Ministry of Commerce Guarantees Sufficient Pork Supply Ahead of New Year Celebrations
On January 25, 2020, China will celebrate the Lunar New Year. As the most important traditional festival for China, the celebration is dependent on preparations including increasing availability of various meats, organic vegetables, and imported fruits. After an outbreak of African swine fever decimated the Chinese hog herd, China has been gearing up for the holiday by releasing pork from state reserves and increasing imports of the most desired meat in the country.
According to an Urner Barry pork analysis, export demand reached record levels in November in anticipation of the Lunar New Year Holiday. In early November, the resumption of exports from Canada and China was announced, creating more tightness in the United States' domestic market as Canada shifted their exports from the U.S. and Mexico to China. By December, China's pork imports surged...
Rabobank Pork Quarterly Q1 2020: Opportunities Are Emerging from Risks
Rising disease pressures continue to challenge the global market and will remain the major change driver in global animal protein in 2020, according to Rabobank’s latest Pork Quarterly titled ‘Opportunities Are Emerging from Risks.’
“Although the severity of African swine fever’s (ASF) impact is subdued in some regions, the scope of the disease has expanded over recent months,” according to Chenjun Pan, Senior Animal Protein Analyst. “The ramifications in 2020 will lead to continuous caution on production expansion in some regions and higher import demand on the global balance sheet.” Several ongoing, regional trade-deal discussions will...
CFIA Increasing Canada's Preparedness for African Swine Fever
The Canadian Food Inspection Agency (CFIA) is pleased to announce that the University of Saskatchewan's Vaccine and Infectious Disease Organization-International Vaccine Centre (VIDO-InterVac) will work with African swine fever (ASF), further supporting Canada's preparedness strategy by increasing research capacity.
This complements ongoing collaborations between the CFIA and VIDO-InterVac aimed at developing and testing vaccines and antivirals for ASF – a deadly and fast spreading viral disease that is killing millions of pigs worldwide and could...
African Swine Fever Detected in Romania
According to the World Organization for Animal Health, approximately 24,600 pigs are to be culled and 11 deaths have already occurred after African swine fever was found on a farm in Braila, Romania. Authorities confirmed the presence of the disease at a farm located in the town of Gulianca. Immediate precautions were taken and all pigs were quarantined, but outbreaks remain in other parts of the county. African swine fever has affected many farms in Braila. In 2018 and 2019, over...
REPORTER: One Year Update on African Swine Fever
August marked the one-year anniversary of when the world became aware of the African Swine Fever outbreak in China. Just since this May, African Swine Fever has spread to...
NPPC Applauds U.S. House Passage of Ag Inspectors Funding
The U.S. House of Representatives approved an additional $19.6 million in funding for more agricultural inspectors at land, air and sea ports to prevent African swine fever (ASF) and other foreign animal diseases (FAD) from entering the United States. This funding, included in the fiscal year 2020 Department of Homeland Security appropriations bill, is a top priority for the National Pork Producers Council.
“For more than a year, NPPC has advocated for an increase in the number of agricultural inspectors at our borders,” said NPPC President David Herring, a pork producer from Lillington, N.C. “We applaud the House, especially Reps. Vela, Thompson, Peterson, Axne, Carbajal, Gonzalez, Costa, Rouzer and Fortenberry, for approving an essential provision to reduce the risk of ASF and other FADs and to...
Rabobank: Poultry Quarterly Q1 2020
The outlook for global poultry in 2020 is slightly more positive than it was in 2019, when markets suffered from relative oversupply. A key driver of the gradual recovery will be ongoing strength in trade flows to Asia in order to supply African swine fever-affected markets such as China, Vietnam, South Korea, and the Philippines. These trade flows will be positive for dark-meat prices, though they will be subject to increasing volatility. Improved beef prices (the main substitute for fresh poultry), stable global average feed prices, and more balanced supply will also all support the gradual recovery. The downside is that global whole-bird and breast-meat markets will remain pressured and have limited price upside.
African swine fever (ASF) will increasingly push chicken expansion in Asia in 2020. This will help fill the gap in local protein markets affected by ASF, but it also...
U.S. Pork Can Reduce Overall U.S. Trade Deficit with China by Nearly Six Percent
Securing zero-tariff access to China for U.S. pork would be an economic boon for American agriculture and the country, according to the National Pork Producers Council (NPPC). Based on an analysis by Iowa State University (ISU) Economist Dermot Hayes, NPPC says unrestricted access to the Chinese chilled and frozen market would reduce the overall trade deficit with China by nearly six percent and generate 184,000 new U.S. jobs in the next decade. NPPC today launched a digital campaign to spotlight the importance of opening the Chinese market to U.S. pork as trade negotiations continue.
“Were it not for China’s tariffs that are severely limiting access to American goods and other restrictions, including customs clearance delays, U.S. pork could be an economic powerhouse, creating thousands of new jobs, expanding sales and dramatically slashing our nation’s trade deficit. China’s actions would...
Rabobank: Supply Slide Saves Grounded Demand
Agricultural commodities were heavily impacted by trade wars, African swine fever, and erratic weather in 2019. According to the RaboResearch report "Outlook 2020: Supply Slide Saves Grounded Demand," many of these factors will remain key for agri commodity prices in 2020.
In 2019, agri commodity markets were impacted by several unprecedented incidents and uncommonly severe conditions. China's hog herd declined significantly, as a result of African swine fever (ASF). This drastically weakened demand for feed and, combined with the US-China trade war, resulted in a significant slowdown in the global soybean trade.
Meanwhile, record US corn- and soybean-planting delays drove corn prices from three-year lows to six-year highs within a few weeks. Then, improved...
Restaurant Customer Transactions Declined by 42% in Week Ending March 29
Perdue Farms Continues Increased Measures to Protect and Support Associates During COVID-19
Survey: Coronavirus Transforms Americans' Grocery & Cooking Habits
Despite Global Challenges, U.S. Pork and Beef Exports on Record Pace Through February
Tyson Foods Suspends Operations at Columbus Junction Facility
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