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Thursday, October 15, 2020
Pilgrim's Pride agrees plea deal with US Justice Department over price-fixing charges
Major United States poultry firm Pilgrim's Pride has agreed to a plea deal with the US Justice Department and will pay a US$110.5 million fine over price-fixing charges on chicken products, Reuters reported.
Thursday, October 8, 2020
Six more chicken industry executives indicted by the US government over alleged price fixing
The US government has accused an additional six executives in the chicken industry over suspected price-fixing in its investigations of the US$65 billion domestic poultry sector, Reuters reported.
Friday, October 2, 2020
China Corn: Robust demand lift prices (week ended Sep 25, 2020)
In view of soaring corn prices amid tight availability, deep processors eagerly stocked inventories. Hence, even as farmers were keen to release newly harvested corn, which were difficult to preserve due to the high moisture content, prices ...
Tuesday, September 22, 2020
Myanmar broiler sector suffers daily loss of US$40,000 as prices plunge
Farmgate prices of broiler chickens have fallen below breeding and production costs due to the recurring COVID-19 outbreak, and breeders are now making about K50 million (~US$38,000; K1 = US$0.00076) in losses daily, says U Kyaw Win, chair ...
Monday, September 14, 2020
Philippines' bans on meat imports could push up prices by Christmas
The Philippines could bear the consequences for the government's recent bans on pork and poultry products from various countries by witnessing higher costs of meat prices during Christmas, according to an official from the Meat Importers an ...
Thursday, September 10, 2020
China's inflation slows in August, pork prices lowest increase in a year
China's National Bureau of Statistics data showed China's inflation moderated last month, with pork prices at its lowest increase in a year, AFP reported.
Friday, September 4, 2020
Prices of cattle remains strong in Australia
Despite global COVID-19 disruptions and slowing economic conditions, cattle prices in Australia remain very strong.
Wednesday, August 19, 2020
China purchases 195,000 tonnes of US corn as domestic prices surge
The United States Department of Agriculture (USDA) said purchasers from China bought 195,000 tonnes of US corn, as corn prices in China continue to rise, Reuters reported.
Tuesday, August 18, 2020
Price-gouging lawsuit against Cal-Maine dismissed by Texas, US court
Cal-Maine Foods has announced that its motion to dismiss a lawsuit made by the US state of Texas over alleged price-gouging during the COVID-19 pandemic was granted by the District Court of Harris County, Texas.
Thursday, August 13, 2020
COVID-19 remains a threat to US swine prices into H2: AHDB
In an article by the Agriculture and Horticulture Development Board (AHDB) of the United Kingdom, the United States' National Pork Producers Council warned that if more disruption occurs at processing plants in the coming weeks or months du ...
Thursday, August 6, 2020
Australian cattle prices officially tops US'
According to Meat & Livestock Australia's mid-year industry projections update, Australian cattle prices are now significantlyhigher than their US counterpart, with Uruguay a distant third, Beef Central reported.
Monday, July 27, 2020
Thailand urges swine producers to keep pork wholesale price at US$2.50/kg
Thailand's Ministry of Commerce has called for swine raisers and traders to keep the wholesale price of pork at ฿80 (US$2.54) per kilogramme, retail price at ฿150-160 (US$4.76-5.07).
Friday, July 24, 2020
US agriculture agency avoids conclusion in beef-price review
The US Department of Agriculture's report on rising beef costs during the COVID-19 pandemic avoided any conclusion on whether big meatpacking firms controlled prices, Bloomberg News reported.
Thursday, July 23, 2020
USDA study shows cattle prices disparity between farmers and meat processors
A 20-page US Department of Agriculture (USDA) study showed the price disparity between what meat processors pay to cattle farmers and the high prices earned by meat processors, AP reported.
Tuesday, July 21, 2020
China Tryptophan: Producers cautious with prices near historic lows (week ended Jul 20, 2020)
Export demand for tryptophan remained slack as the global economy stayed gloomy, prompting overseas buyers to hold back purchases. In China, usages of tryptophan were limited with the population of hog low.
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