South America

Mexican beef market impacts on the U.S. beef industry

The Mexican beef cattle industry has been severely impacted by the drought the past two years, much as the U.S. has been impacted. Additionally, changes in Mexican domestic beef consumption and beef trade have significant implications for the interaction of the Mexican and U.S. cattle and beef industries in the coming years. FULL STORY »

Brazil to overtake U.S. as top soybean producer

An Iowa State University grain markets expert said this week that a combination of long-term trends and recent weather patterns are responsible for putting Brazil in a position this year to overtake U.S. soybean production for the first time. FULL STORY »

USMEF: U.S. meat exports to Chile surge to more than $100 million

In 2012, U.S. beef and pork exports to Chile broke the $100 million mark - $59.1 million for beef and $42.6 million for pork. This is a remarkable milestone, given how recently U.S. meat products established its initial presence in this market. FULL STORY »

Mexican feeder cattle imports to show steep decline in 2013

Over the last 30 years, Mexico has become an aggressive exporter of feeder cattle to the United States. FULL STORY »

Rain needed by month's end for Argentina to hit corn target

Argentina needs rain by the end of the month to maximize corn yields and to realize forecasts that the global supplier will have a record harvest of 28 million tons, farmers and agronomists say. FULL STORY »

Brazil has record 2012 beef exports, despite mad cow case

Brazil's beef exports by value were a record $5.77 billion in 2012, up 7.3 percent from 2011, on increased demand and a favorable exchange rate, the country's main beef industry group said on Friday. FULL STORY »

Argentine soy exports flat despite Mississippi River woes

Grains powerhouse Argentina lacks the soybean reserves needed to compensate for potential U.S. supply bottlenecks cause by low Mississippi River levels, putting the spotlight on neighboring Brazil, where harvesting has already begun. FULL STORY »

OIE chief calls for lifting of Brazilian beef bans

The head of the World Animal Health Organization (OIE) called on countries that are banning Brazilian beef imports, following a case of mad cow disease last month, to lift restrictions as soon as possible, saying they were not justified. FULL STORY »

Worst drought in decades hits Brazil's Northeast

Brazil's Northeast is suffering its worst drought in decades, threatening hydro-power supplies in an area prone to blackouts and potentially slowing economic growth in one of the country's emerging agricultural frontiers. FULL STORY »

Trade secretary says 5 countries ban Brazil beef over BSE case

Five countries have banned imports of Brazilian beef after a case of atypical mad cow disease was confirmed last month, Brazil's foreign trade secretary Tatiana Prazeres said on Wednesday. FULL STORY »

Brazil's JBS says withdraws lawsuit against Greenpeace

JBS SA, the world's largest meat company, said on Wednesday it has withdrawn a lawsuit against environmental activist group Greenpeace and renewed a promise not to purchase cattle from restricted areas in Brazil. FULL STORY »

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FourTrax(R) Foreman 4x4

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