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TheMeatSite Newsletter - 15 October 2014

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TheMeatSite
Wednesday 15th October 2014.
Chris Harris - TheMeatSite Editor in Chief

Chris Harris
Editor in Chief


MSD Animal Health

Zoetis

Varied Impact of Currency Moves on Red Meat Trade

New Zealand meat exports have hit a record high of NZ$5.3 billion in 2013-14.

The exports reached their high levels despite a strong New Zealand dollar because of high average values.

Beef + Lamb New Zealand said it was a positive year for beef, veal, lamb and mutton exports – up NZ$480 million on last season.

North Asia was the largest market region for New Zealand meat exports, accounting for 31 per cent of total returns, while the European Union (EU) and North America remained the primary markets for lamb and beef/veal,.

“The amount of lamb exported was down three per cent, reflecting last season’s smaller lamb crop, but total returns were up 9.5 per cent to NZ$2.52 billion. That’s because the average per tonne value of lamb being exported rose 13 per cent – to NZ$8,300, compared to NZ$7,400 in 2012-13,” said B+LNZ chief economist Andrew Burtt.

While the high New Zealand dollar does not seem to have affected the country’s ability to increase export values and position, for the US competitive exchange rates have had an impact on US exports.

According to market analysts Steve Meyer and Len Steiner, in terms of competition in the global marketplace, the US has lost significant ground to both Brazil and the EU.

The US dollar was up as much as 14 per cent compared to the Brazilian Real but currently is up about nine per cent since July.

Compared to the Euro, the US dollar is currently about seven per cent more expensive than in July and there have been similar gains against the Australian Dollar and Japanese Yen.

“But what does this currency move mean in terms of US trade? First, a strong US dollar tends to support US beef imports as it effectively lowers the price of goods in other markets,” Steiner and |Meyer suggest.

Beef represents by far the largest tonnage of meat protein imported by the US.
So far this year, US beef imports have been about 1.873 billion pounds, 294 million pounds (+18.6 per cent) larger than a year ago. Australia alone has accounted for almost 200 million pounds of the increase.

For Brazil, futures contracts for fed cattle in Brazil traded at BM&FBovespa indicate increasing values for the next three dates.

This is a move that has been expected for this time of the year, because of the off-season peak.

But the official market organisation in Brazil Cepea said that The low supply and high prices for calf and lean cattle are bringing difficulties to the purchase of new batches.

 

 


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This Week's Articles and Analysis

GLOBAL POULTRY TRENDS 2014: Europe's Chicken Exports Double
Exports of fresh/frozen chicken from European countries almost doubled between 2000 and 2011 to reach 3.5 million tonnes in the latter year, according to industry analyst, Terry Evans.

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Consumption Habits Control Ready Meals Market
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Market Reports

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Portland Fish Exchange Prices 13 Ocober
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EBLEX Cattle and Sheep Weekly - 10 October 2014
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Sri Lanka Fish Prices - 10 October 2014
AHDB Pig Market Weekly - 9 October 2014
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Global Meat Industry News

   United States

Food Safety Addressed at Poultry Seminar
High Costs Blamed as North Carolina Turkey Plant Closed
US Chicken, Beef Outlook Shows Modest Changes
How Exchange Rates Affect Meat Supplies
US Chicken Welfare Labelling Claim Settled
Foster Farms' President, CEO to Step Down
Strong Dollar, High Beef Prices Change Trade
High Pork Prices Help US Poultry Exports to Taiwan
Bearish Report Results in Minor Changes in Hog Forecasts
US Meat Export Values Up Volumes Down

   United Kingdom

Tulip Invests £8m in Ruskington Plant
China in Focus at EBLEX Annual Conference
Search for New British Pig Executive Chairman
EBLEX Research Investment Worth £217 million to Beef Sheep sectors
New Members Appointed to UK Agriculture Board
Launch of UK Animal and Plant Health Agency

   Australia

Wagyu Award for Andrews Meat Industries

   New Zealand

Record High Returns for New Zealand Meat Exports

   Uganda

Concerns over Pig-Human Tapeworm Raised in Ugandan Study

   Global

Beef Producers Call for Ambition Over Political Expediency
High Liner Foods Acquires Atlantic Trading Company
Celebrations for World Egg Day

   Canada

Technology Focus of Maple Leaf Food Safety Symposium
New Temporary Foreign Worker Programme to Hit Meat Processing
Grant Promotes Canadian Aquaculture Products at Home and Abroad
Biodroga Omega 3 Fish Oil Supplements Certified Friend of the Sea Sustainable

   Sweden

HKScan Coop Sverige in Cooperation Agreement
Heavy Metals May Contribute to Antibiotic Resistance

   Finland

HKScan Plans Major Investments in Finland and Estonia

   Russian Federation

Atria Sells Industrial Logistics Centre in Moscow

   Colombia

PED Sees Pig Slaughtering Rise in Colombia

   Croatia

Symposium Focuses on Animal Welfare at Slaughter

   Brazil

Rises Expected in Brazilian Cattle Futures

   Denmark

Danish Antibiotic Use in Animals Increasing

   European Union

Positive Price Prospects on Lamb at EU Meeting
Mixed Prospects for EU Meat and Agricultural Markets
Down Swing in EU Pig Prices Continues

   France

Intermarché Takes over GAD Pig Slaughterhouse

   China

Chinese Farm Produce Prices Rise

   India

Indian Chicken Output Growing

Events/Promotions

Global Poultry Trends 2011
5m Farm Supplies
VIV Europe Digital 2014

Sponsors

MSD Animal Health Convenience Programme
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Partners

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Meyn - Poultry Processing Solutions
Ishida Europe: Packaging Machines, Food Packaging Equipment & Machines.

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