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

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

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.

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

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.

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.

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

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.

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

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.

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

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.

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