Page 263 of articles about markets-economics

August was another outstanding month for U.S. pork and beef exports, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports reached their highest monthly volume of the year at 186,068 metric tons, and the second-highest value total of all time at $531.2 million.

Old crop corn stocks in all positions on September 1, 2011 totaled 1.13 billion bushels, down 34 percent from September 1, 2010.

In September, just as with the annual cumulate, an increase has been noted in pork sent to Ukraine, Hong Kong, and Argentina.

FAO's quarterly Crop Prospects and Food Situation (CPFS) report published here forecast world cereal production will total 2 310 million tonnes this marketing season, 3 percent or 68 million tonnes higher than in 2010/11.

Reps. Jim Costa (D-Calif.) and Bob Goodlatte (R-Va.) introduced legislation to give relief to livestock producers, dairymen and consumers. The bipartisan legislation will link the amount of corn ethanol required to fulfill the Renewable Fuel Standard (RFS) to the actual U.S. corn supply.

The FTAs approved by the House of Representatives as well as the Senate will now be forwarded to the President to sign them into law.

For the first time in 40 years, the U.S. corn export market share is forecast to fall below the combined share of all foreign exporters.

During the first 7 months of this year pork exports have reached 1,759,769 tons, which signifies a 20.5% increase with respect to the same period last year.

The Canadian pork industry is pleased to learn that the Canadian Food Inspection Agency’s (CFIA) fees for endorsing export certificates will remain at the same level for another two years.

Strong demand in north east Asia has delivered a surge in Irish pork exports to the core markets of China, Hong Kong, Japan and Korea to date in 2011. For the first five months of the year, exports in value and volume terms to these four markets almost trebled to €16.9m or 10,700 tonnes.

The National Health, Food Safety and Food Quality Service (SENASICA) of Mexico announced that the government of Korea has authorized 6 Mexican Federal Inspection Type (TIF) plants to export beef and pork to their nation.

Dutch pig producers have gained access this year, for the first time, to the Chinese market. The high demand for pork in China has obliged Beijing to permit imports from other countries to fulfill the need.