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Global Dairy Weekly (week ended October 16, 2020)

Global Dairy Weekly (week ended October 16, 2020)

Monday, October 19, 2020

Batavia, NY - Block cheese prices ended Fri tied for the 8th highest level ever recorded. While cheese was still reported to us as 'tight' this week, we believe the market will soon shift directions. This week, we heard cheese customers had 'calmed down' and were told sentiment was 'less frantic' compared to recent weeks. Also note: we are days away from the start-up of Glanbia's joint venture in St. Johns, MI.

Evonik to concentrate MetAMINO production at three best-in-class hubs

Evonik to concentrate MetAMINO production at three best-in-class hubs

Wednesday, October 14, 2020

Evonik will cluster its MetAMINO® (DL-methionine) production at three international hubs (Americas, Europe, and Asia) to maximise economies of scale and utilise robust processes.

Indian, Brazilian beef held back by politics, poor food safety record

Indian, Brazilian beef held back by politics, poor food safety record

Wednesday, October 14, 2020

Brazil (374%, 2.43 million tonnes in 2019), India (334%, 1.49 million tonnes), and Paraguay (484%, 0.39 million tonnes) enjoyed the fastest 2000-19 cumulative export growth.

New Zealand's beef, sheep farms close to being carbon neutral, says new study

New Zealand's beef, sheep farms close to being carbon neutral, says new study

Saturday, October 10, 2020

New Zealand's sheep and beef farms are nearly carbon neutral, a new research from the Auckland University of Technology (AUT) has found.

US, Australian beef constrained by drought, falling per capita consumption

US, Australian beef constrained by drought, falling per capita consumption

Wednesday, October 7, 2020

Among top beef exporters, only the beef output of India (+257%, 4.24 million tonnes in 2019), Paraguay (215%, 0.71 million tonnes), and Brazil (151%, 10.2 million tonnes) grew significantly over the past two decades.

Vilofoss: FarrowPulse makes farrowing easier

Vilofoss: FarrowPulse makes farrowing easier

Tuesday, October 6, 2020

Vilofoss' FarrowPulse, a compound feed developed in 2017 for sows before farrowing, functions in reducing the number of stillborn piglets by providing a better muscle tonicity in sows.

China wants to become 95% self-sufficient in pork

China wants to become 95% self-sufficient in pork

Saturday, October 3, 2020

China wants to reduce its dependency on pork imports and has set an ambitious goal to become almost self-sufficient in the staple.

Chicken prices in China down 25% as pork production continues rebound

Chicken prices in China down 25% as pork production continues rebound

Saturday, October 3, 2020

Chicken prices in China have dropped 25% in the face of oversupply as the country's hog population continues to rebound and larger volumes of pork are being produced.

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Chilean salmon bears brunt of COVID-19 market adjustments

Chilean salmon bears brunt of COVID-19 market adjustments

Wednesday, October 28, 2020

Norway's slow salmon output growth, dependence on stable EU consumption kept it profitable. Rapidly growing Chilean output was export-dependent on nations deeply affected by COVID-19.

Salmon falls hard, with price rallies, output deceleration and volatility ahead

Salmon falls hard, with price rallies, output deceleration and volatility ahead

Wednesday, October 21, 2020

Production outraced exports, deflating prices. Output cutbacks, rising demand point to late-year price rally, and a highly volatile 2021.

Indian, Brazilian beef held back by politics, poor food safety record

Indian, Brazilian beef held back by politics, poor food safety record

Wednesday, October 14, 2020

Brazil (374%, 2.43 million tonnes in 2019), India (334%, 1.49 million tonnes), and Paraguay (484%, 0.39 million tonnes) enjoyed the fastest 2000-19 cumulative export growth.

US, Australian beef constrained by drought, falling per capita consumption

US, Australian beef constrained by drought, falling per capita consumption

Wednesday, October 7, 2020

Among top beef exporters, only the beef output of India (+257%, 4.24 million tonnes in 2019), Paraguay (215%, 0.71 million tonnes), and Brazil (151%, 10.2 million tonnes) grew significantly over the past two decades.

The world beef market: Aggressive export growth and shaky trade fundamentals

The world beef market: Aggressive export growth and shaky trade fundamentals

Wednesday, September 30, 2020

Weather, politics and trade barriers play a role but beef's strong (but vulnerable) trade fundamentals are in China's control.

Understanding the world dairy market and COVID-19's impact - Part 2

Understanding the world dairy market and COVID-19's impact - Part 2

Wednesday, September 23, 2020

Falling tops, rising bottoms, accelerated convergence and fast-forwarded deflation - why a new dairy price cycle is on the horizon.

Understanding the world dairy market -and COVID-19's impact - Part 1

Understanding the world dairy market -and COVID-19's impact - Part 1

Wednesday, September 16, 2020

Look for an end to the fat-powder price convergence trend when a new market cycle begins.

India's fast growing and highly diverse feed and livestock sector

India's fast growing and highly diverse feed and livestock sector

Tuesday, September 1, 2020

Lacto-ovo vegetarianism and diverse demography make for regional feed and livestock disparities. Southern India's meat and fish consumption resembles that of Indonesia. Red meat consuming northern India is an agribusiness extension of neighboring Muslim nations.

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China Fishmeal: Traders stand firm (week ended Oct 23, 2020)

China Fishmeal: Traders stand firm (week ended Oct 23, 2020)

Monday, October 26, 2020

CNF prices of Peruvian prime-grade fishmeal were at US$1,630/tonne.

China Soymeal: 22% price surge since June (week ended Oct 26, 2020)

China Soymeal: 22% price surge since June (week ended Oct 26, 2020)

Monday, October 26, 2020

Demand for soymeal was firm as feed producers stocked inventories in view of expanding hog feed consumption and tight soymeal availability due to the disappointing soy harvests. Additionally, the costs of soymeal production are set to rise due to the soaring prices of global soy futures prices. Hence, even as soymeal supplies remained high, prices continued to rise over the week.

China Soymeal: Strong price surge amid supply concern, rising costs (week ended Oct 19, 2020)

China Soymeal: Strong price surge amid supply concern, rising costs (week ended Oct 19, 2020)

Wednesday, October 21, 2020

Over the week, prices of CBOT November soy futures increased 2.3%.

China Methionine: Market remains quiet (week ended Oct 19, 2020)

China Methionine: Market remains quiet (week ended Oct 19, 2020)

Wednesday, October 21, 2020

Prices of methionine were mainly stable. Demand for poultry feed and hence methionine was limited after the long holidays due to high releases during September. Nevertheless, producers were reluctant to cut prices with profit margins thin.

China Corn: Prices unseen since May 2015 (week ended Oct 16, 2020)

China Corn: Prices unseen since May 2015 (week ended Oct 16, 2020)

Tuesday, October 20, 2020

Traders stocked inventories of corn eagerly in view of tight availability, hence supporting prices to move higher. Although newly harvested corn was ready for sale, supply was insufficient to meet demand due to low crop production.

China Biotin: High prices dampen buying interest (week ended Oct 12, 2020)

China Biotin: High prices dampen buying interest (week ended Oct 12, 2020)

Tuesday, October 20, 2020

High prices of biotin continued to dampen buying interest, compelling producers to cut prices further Transacted prices in China slid to the range of RMB96.50-115/kg.

China's pork production up 18% year-on-year in third quarter

China's pork production up 18% year-on-year in third quarter

Monday, October 19, 2020

Based on Reuters calculations citing official data, China's pork production in the third quarter of this year increased 18% year-on-year to 8.4 million tonnes, showing signs that swine output is steadily recovering for the world's biggest swine producer, Reuters reported.

China VE: Market stays weak on soft demand (week ended Oct 12, 2020)

China VE: Market stays weak on soft demand (week ended Oct 12, 2020)

Thursday, October 15, 2020

Demand for vitamin E was sluggish after the long holidays. Prices were under pressure even though two major producers, NHU and Zhejiang Pharmaceutical, halted price releases with stocks limited since late September.

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DuPont Animal Nutrition announces manufacturing facility in Wuxi, China

DuPont Animal Nutrition announces manufacturing facility in Wuxi, China

Friday, August 28, 2020

DuPont Nutrition & Biosciences has announced on August 27 the opening of a new animal nutrition manufacturing capability in Wuxi, China.

Aviagen Latin America invests US$4 million in great grandparent facility

Aviagen Latin America invests US$4 million in great grandparent facility

Tuesday, August 18, 2020

Poultry breeding company Aviagen has added a fourth farm to its great grandparent (GGP) production complex located in Natividade da Serra, state of São Paulo, Brazil.

JBS second-quarter net profits almost two times higher than analysts' estimates

JBS second-quarter net profits almost two times higher than analysts' estimates

Friday, August 14, 2020

Brazilian-based meat packer JBS SA posted second quarter net profits close to two times higher compared to analysts' projections thanks to its strong beef and pork sectors in Brazil and the United States, Reuters reported.

Symaga completes new drilling centre

Symaga completes new drilling centre

Saturday, August 1, 2020

Symaga has finished the installation of a new drilling centre, boosting its steel profile automatic processes range with the high productivity of the new model.

Marel: Supporting poultry processing plants during COVID-19

Marel: Supporting poultry processing plants during COVID-19

Monday, July 27, 2020

More than ever, poultry processors around the world have to guarantee their production or even increase it to keep the entire food supply system operating, Marel said.

CPF develops new aquaculture shrimp farm in the US

CPF develops new aquaculture shrimp farm in the US

Thursday, July 23, 2020

Charoen Pokphand Foods PCL (CPF) is building a new "Aquaculture 5.0" shrimp farm in the US, which can culture shrimp anywhere, at any time of year, with complete biosecurity and zero waste discharge, Bangkok Post reported.

Nova Austral's salmon farm receives best practices certification

Nova Austral's salmon farm receives best practices certification

Friday, July 17, 2020

The Global Aquaculture Alliance (GAA) has certified the salmon farm site of Nova Austral S.A. in Región de Magallanes in southern Chile for its Best Aquaculture Practices (BAP) programme, SeafoodSource reported.

Grieg Seafood calls out Cargill over Brazil deforestation

Grieg Seafood calls out Cargill over Brazil deforestation

Wednesday, July 15, 2020

Norway-based salmon farmer Grieg Seafood said it has excluded Cargill Aqua Nutrition from receiving proceeds from its Green Projects initiatives including its first Green Bond issue over its parent company's alleged contribution to soy-related deforestation of the Brazilian Cerrado, a vast savanna ecoregion, SeafoodSource reported.

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