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Cattle Industry News By Category: Markets

28 May 2020
China suspends Irish beef imports after BSE case
China has suspended beef imports from Ireland after a case of Atypical BSE was identified....
CME update: cattle futures buoyed by economic optimism and discount to cash prices
US cattle futures rose for a second day in a row on 27 May as easing COVID-19 restrictions across the US boosted optimism about the general outlook for the economy and beef demand....
27 May 2020
Thailand mulls membership in Asia-Pacific trade pact
Thailand’s cabinet has agreed to set up a committee to consider whether the country should seek membership in an Asia-Pacific trade agreement after widespread opposition in April....
CME update: cattle futures rally along with the stock market
US cattle futures rose alongside the rising stock market as the economy slowly reopens....
26 May 2020
Brazil greenlights beef exports to Thailand
Brazil’s Agriculture Ministry reports that Thailand has agreed to accept Brazilian beef imports....
25 May 2020
CME update: live and feeder cattle futures slip upon release of cold storage data
US live and feeder cattle futures closed lower on 22 May ahead of the USDA Cattle on Feed report and after lacklustre cold storage data was released....
22 May 2020
US reports progress with China in phase 1 trade deal, but tensions remain
US officials report positive developments in trade with Beijing despite souring relations due to COVID-19....
USDA reports tightened meat inventories
US meat inventories have contracted after COVID-19 outbreaks shuttered slaughterhouses – USDA....
CME update: live cattle futures rise against cash markets
CME live cattle futures firmed while feeder cattle fell slightly ahead of the 22 May USDA cattle on feed report....
21 May 2020
UK dairy podcast helps farmers gain better control of their milk price
Dairy farmers should consider evaluating their businesses and assessing the vulnerability of their supply chains after disruptions caused by Coronavirus highlights the fragility of the sector....
CME update: live cattle futures sink as slaughter rate rises
US live cattle futures dipped on 20 May due to oversupply despite reopened processing plants....
20 May 2020
President Trump proposes halting US cattle imports to protect ranchers
President Trump floats terminating trade deals where the US imports cattle in an effort to assist US ranchers negatively impacted by COVID-19....
CME update: live cattle futures rise as slaughtering ramps up
US live cattle futures firmed despite increased slaughter numbers....
NFU urges MPs to ask government for detail of protecting food standards in trade deals
The NFU is urging UK MPs to ask how the government intends to honour its manifesto pledge that British farming’s high environmental and animal welfare standards will not be undermined in future trade policy, as the Trade Bill begins its passage in the...
19 May 2020
China imposes a tariff on Australian barley as trade tensions escalate
China announces an anti-dumping and anti-subsidy duty aimed at Australia....
UK unveils new Brexit tariff regime
The UK plans to keep tariffs on automotive and agricultural products....
CME update: cattle futures reach six-week high after a third straight day of gains
US live cattle futures rose for a third consecutive day on 18 May, hitting their highest point since 1 April....
18 May 2020
Chinese commerce minister reports that Australia and China are in communications over trade dispute
China’s commerce minister Zhong Shan says the two countries are in communication amid escalating diplomatic tensions over trade and the coronavirus pandemic....
CME update: live cattle close higher, following strong cash market
US live cattle futures closed higher on 15 May, with gains in front contracts against previous months....
15 May 2020
Trump threatens to cut ties with China
President Trump signalled a further deterioration of his relationship with China over the COVVID-19 outbreak, telling reporters that he has no interest in speaking to Chinese President Xi Jinping....
April price cut puts Irish dairy farmers on the back foot
Cuts to Irish milk prices in April a further blow to dairy farmers....
Improved Irish retail demand sees cattle prices rising
The Irish Farmers Association reports that domestic cattle prices are strengthening due to contracting supplies and steady retail demand....
Beef giant JBS reports steep first quarter losses as foreign exchange fluctuations erode bottom line
Brazilian meatpacker JBS SA reported a steep 6 billion reais ($1.03 billion) net loss in the first quarter from foreign exchange impacts....
CME update: live cattle futures close lower amid easing beef prices
US live cattle futures ended mostly lower on 14 May as wholesale beef prices began falling from their previous high....
14 May 2020
UK plans to cut tariffs on US agricultural imports
The UK is planning to cut tariffs on US agricultural imports to hasten progress on possible free trade agreement....
Grain trader still optimistic that China’s purchases of US farm products will hit Phase 1 target
Global grains trader Archer Daniels Midland Co (ADM) remains optimistic that China will meet its Phase 1 trade deal commitments to increase purchases of US farm commodities....
US Senators lead legislation to bring more transparency and accuracy to livestock markets
US Senators Chuck Grassley (R-Iowa) and Jon Tester (D-Montana) propose bipartisan legislation to increase proportion of "spot" payments meat packers are required to negotiate. ...
Mexican beef fills the US supply gap amid slaughterhouse bottleneck
More Mexican steaks and beef cuts are headed to the US as the coronavirus outbreaks shutters US meat processing plants....
 
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