Meat - Hog, Cattle, Poultry etc.

[behappyalways]

German Meat Industry Warn Of Empty Supermarket Shelves, Another 40% Jump In Meat Prices
https://www.zerohedge.com/political/ger ... eat-prices


Dwindling US Cattle Herd Implies Supermarket Beef Prices May Rise Even More
https://www.zerohedge.com/commodities/d ... -even-more

[behappyalways]

Hamburger Prices Might Continue To Rise As US Cattle Herd Shrinks
https://www.zerohedge.com/commodities/h ... rd-shrinks

[behappyalways]

US Beef Herd Drops To Lowest Since 1962 As Global Food Crisis Intensifies
https://www.zerohedge.com/geopolitical/ ... ntensifies

[behappyalways]

US Cattle Prices Hit Nine-Year High As National Herd Drops To Half-Century Low
https://www.zerohedge.com/commodities/u ... entury-low

[winston]

Why Are Beef Prices Soaring?

BY ANNE JOHNSON

The main culprit for the high prices is cattle inventories. They are at the lowest level in more than 60 years.

A drought in the West hit in 2020. Cattle producers had to use groundwater for their herds instead of relying on rain. It also affected forage. Nearly 93 percent of beef cows were in states with poor pastures.

Because the drought-affected forage, producers were forced to purchase alfalfa. The producers had to deal with record-high alfalfa prices.

It became more cost-efficient for beef producers to liquidate their herds in 2022, leaving shortages in 2023.

Chicken will be a likely alternative in 2023. Previously, chicken prices were inflated due to inflation and pathogenic avian influenza that struck down flocks. But the industry has recovered, and a substantial deflation of prices is anticipated. Poultry prices are predicted to drop 9 percent in the upcoming year.

Source: Epoch Times

https://www.theepochtimes.com/why-are-b ... 4KQNknQ%3D

[behappyalways]

The Growing Global Hunger For Meat
https://www.zerohedge.com/medical/growi ... unger-meat

[behappyalways]

Got Meat?

https://www.zerohedge.com/geopolitical/got-meat

[winston]

Hong Kong-owned Smithfield closing hog farms

Smithfield, the world’s biggest pork processor, is permanently closing 35 hog farm sites in Missouri and laying off 92 employees in October, Reuters reported.

Smithfield is owned by Hong Kong’s WH Group.

According to Reuters, news of the Smithfield layoffs came as Tyson Foods said on Monday it was shutting four more chicken plants in Arkansas, Indiana and Missouri to cut costs, a blow to small communities in the U.S. heartland that depend on the meatpacker for nearly 3,000 jobs.

Tyson also said that average prices for its pork fell by 16.4% in the quarter that ended on July 1, while pork sales volumes dropped 1.8 percent, reported Reuters.

Source: The Hagstrom Report and Reuters

https://www.tsln.com/news/hong-kong-own ... hog-farms/

[behappyalways]

Food inflation, anyone?
https://twitter.com/Mayhem4Markets/stat ... 8898943279

[winston]

Australia Farmers Are Giving Sheep Away for Free After 75% Price Plunge

by Keira Wright

Australia’s sheep industry is in crisis, with prices near the lowest level in 16 years forcing some farmers in the country’s west to give their animals away for free to pet-food manufacturers.

Mutton prices have plunged 75% over the past year.

El Niño is expected to bring drier and hotter conditions, increasing the number of animals sent for slaughter because of lack of pasture. Many abattoirs are now operating at capacity.

Source: Bloomberg

https://finance.yahoo.com/news/australi ... 00020.html