Retail food prices have increased 1.6% in the first six months of 2021, less than the same period last year of 2.9% and equal to the historical average from 2000 to 2019.
With pork production in the Philippines heavily impacted by African swine fever, the President there is temporarily lowering tariff rates for imported pork muscle cuts.
**The USDA’s latest cold storage report showed strong retail and export demand for meat.
Pork was down 10% on the year, despite record pork production during March, including a 68% drop in bellies, and beef supplies were 4% lower, even after a 7% year to year increase in production last month...
China’s 2016 pork production levels are expected to decline from a year ago. Pro Farmer’s First Thing Today says feed prices are expected to decline, but farmers in China don’t have access to capital to expand their herds. As a result, the nation’s imports will likely climb 300,000 metric tons over last year to 1...