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Weekly global protein digest: Tariffs expected to raise US beef prices, Weekly USDA dairy report
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The Cattle Site
Increases primarily for South Korea (3,400 MT, including decreases of 500 MT), Japan (2,600 MT, including decreases of 800 MT), Hong Kong (800 MT, including decreases of 100 MT), Mexico (600 MT, including decreases of 100 MT), and China (500 MT, including decreases of 100 MT), were offset by reductions for Indonesia (200 MT).
Increases were primarily for Mexico (30,600 MT, including decreases of 300 MT), China (10,300 MT, including decreases of 100 MT), Japan (3,400 MT, including decreases of 300 MT), South Korea (3,000 MT, including decreases of 500 MT), and Colombia (1,800 MT, including decreases of 200 MT).
In 2024, all food prices rose 2.3%, grocery prices were up 1.2%, and restaurant prices increased 4.1%.
Class III and IV milk demand is largely steady and active, while Class II demand is steady to slightly higher.
DRY PRODUCTS HIGHLIGHTS: Low/medium heat nonfat dry milk prices were steady in the Central and East, while decreasing in the West.
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