Reading Time: 2 minutes U.S. President Donald Trump's plan for a 50 per cent tariff on goods from Brazil will likely raise prices for the beef that is used in American hamburgers, traders and analysts said on Thursday, as food manufacturers increasingly rely on imports during a time of declining domestic production.
Trump tariff on Brazilian goods could jack up U.S. burger price
USDA to halt July cattle report and some crop data, citing budget levels
Cancelation a 'major blow' to livestock sector, ag economist says
Reading Time: < 1 minute The U.S. Department of Agriculture is canceling its July cattle inventory report as well as county-level estimates for crops and livestock, the government said in a statement on Tuesday, citing budget constraints.
JBS says US beef division facing challenges, Seara unit improving
Low cattle supply behind weakness in US division; headwinds expected to continue
Reading Time: 2 minutes Brazilian meat-packer JBS expects margins of its Seara processed foods maker in Brazil to reach double digits in the first weeks of 2024, citing operational improvements designed to shore up the unit, executives said today.
Kansas beef plant shuts down after fire
Reading Time: < 1 minute National Beef Packing Company, one of four major U.S. beef processors, said it suspended production at its Liberal, Kansas, plant for a second day on Friday, after a fire.
U.S. finalizes higher standard for ‘Product of USA’ meat label
Canadian meat sector concerned labeling could have chilling effect on exports to U.S.
Reading Time: 2 minutes The administration of U.S. President Joe Biden on Monday finalized a rule requiring meat, poultry, or eggs labeled as a U.S. product to come from animals born, raised, slaughtered, and processed in the country.
Japan opens doors to full access of U.S. beef imports
Reading Time: < 1 minute Washington | Reuters — Japan has agreed to eliminate its long-held restrictions on U.S. beef imports, opening full access to U.S. cattle products after more than 15 years, the head of the U.S. Department of Agriculture said in a statement on Friday. “The new terms, which take effect immediately, allow U.S. products from all cattle, […] Read more
Japan considers scrapping age limit on U.S. beef imports
Reading Time: < 1 minute Tokyo | Reuters — Japan is considering scrapping import restrictions on U.S. beef purchases that were put in place after the first case of BSE in the U.S. in 2003, local media reported on Thursday. Both the Nikkei business daily and Mainichi newspaper said officials are discussing removing the curbs that currently only allow beef […] Read more
EU clear to start talks to increase U.S. beef imports
Reading Time: < 1 minute Brussels | Reuters — European Union countries agreed on Friday to allow negotiations to start with Washington on increasing U.S. beef imports into Europe, in a move that could ease transatlantic trade tensions. The Commission, which negotiates on behalf of the 28 EU nations, said it would open formal talks in the coming days on […] Read more
U.S. livestock: CME live cattle shrug off China beef tariff news
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday, after bargain buying reversed earlier losses following China’s proposed tariff increase on U.S. beef, said traders. China listed beef and other U.S. goods that may incur a 25 per cent duty by the end of May if Washington makes good on threats […] Read more
U.S. meat groups fear for market growth with China beef tariff hike
Reading Time: 2 minutes Chicago | Reuters — China’s proposal on Wednesday for tariffs on U.S. beef confirmed the worst-case scenario for the U.S. cattle industry, trade groups said Wednesday, even as they remained hopeful the dispute could be resolved quickly. China listed U.S. goods from soybeans to beef that could potentially incur a 25 per cent import tariff […] Read more
A message from April Stewart, Country Guide's Associate Editor
