Uruguay – surge in cattle prices
Uruguay is benefiting from Argentina’s beef export restrictions and steer prices have increased to the equivalent of €3.70/kg.
US – harvest well advanced
The US winter wheat harvest was estimated to be 60% complete last weekend. Harvesting of its larger soft red winter crop is now almost complete, but expectations from its spring wheat crop continue to deteriorate.
China – pig values fall
Bord Bia’s China office reports that since the start of June, piglets have dropped 40% in value to ¥44.32/kg (€5.78/kg). Sow prices have fallen 50% in the same period.
NZ – Fonterra getting out of coal
New Zealand dairy giant Fonterra has announced that its Stirling cheese factory will be its first 100% renewable thermal energy site by August 2022.