Cattle producers are under pressure due to issues such as drought and decreasing profit margins; the current price of feeder lambs is 22.9% lower than prices were a year ago; local pork prices were negative this week; and consumers are under resistant to increased poultry prices.
Oversupply is putting pressure on poultry prices in many global markets, according to the latest report from Rabobank
Beef: Majority of prices in the international beef market traded negatively this week.
The revenue of the fresh chicken cut market in the European Union is estimated at $18B in 2018. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).
Millions of hectares of sandy, infertile Australian farmland could benefit from the commercialisation of a South African shrub, allowing farmers to better carry sheep over the summer-autumn period.
This has not been a good year for the global wool industry. The world’s top two wool-producing countries – Australia and South Africa — are experiencing different, yet growth-constraining, challenges.
