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Cattle Industry News By Category: Markets

27 November 2020
Weekly beef and dairy digest: meat prices remain firm and Spain's dairy sector poised to expand
Jim Wyckoff's latest analysis shows Spain making gains in the dairy market and meat prices remaining high. ...
China’s COVID-19 testing regime creates bottlenecks in meat trade
In a supermarket in downtown Beijing, refrigerator shelves normally filled with steak from around the world sit empty as tougher testing for the novel coronavirus creates supply bottlenecks and raises prices for importers....
26 November 2020
Beijing’s Xinfadi market suspends sales on fears of coronavirus transmission
Beijing’s Xinfadi market, which was linked to a COVID-19 outbreak in June, has suspended sales and storage of cold-chain goods and aquatic products....
CME update: live cattle futures climb as cash markets and beef demand become more optimistic
US live cattle futures rose on 25 November for a fourth straight session, climbing ahead of the US Thanksgiving holiday on 26 November....
25 November 2020
China reports 22 new COVID-19 cases as officials flag frozen food link
China has recorded 22 new coronavirus infections on 23 November, up from 11 on 22 November as health officials from the city of Tianjin suggest that the cases were linked to frozen food imports....
CME update: cattle futures inch up alongside beef prices
Cattle futures closed higher on 24 November for a third straight session, lifted by surging wholesale beef prices and optimism surrounding the COVID-19 vaccine....
24 November 2020
CME update: live cattle futures rise 2 percent on feedlot data and beef prices
US cattle futures closed higher on 23 November, bolstered by a supportive monthly cattle-on-feed report issued on 20 November....
23 November 2020
CME update: cattle futures rebound on technical, short-covering after a steep drop
US cattle futures rebounded on 20 November from steep losses in the 19 November session in an end-of-week short-covering and technical bounce....
20 November 2020
Weekly beef and dairy digest: COVID-19 impacts trade flows and the US rethinks its posture towards China
Jim Wyckoff's latest update tracks market changes in China and outlines the latest updates in the US dairy industry. ...
CME update: cattle futures tumble as surge in coronavirus sparks demand worries
US cattle futures plummeted on 19 November on worries about demand for beef as soaring COVID-19 infections across the country threatened more restaurant and food service closures and forced more Americans to shelter at home....
19 November 2020
CME update: cattle futures retreat as COVID-19 surge stokes demand worries
US cattle futures plunged on 18 November as rising COVID-19 infection rates sparked concerns about potential supply chain disruptions and reduced demand for beef as health restrictions shutter restaurants and discourage travel....
18 November 2020
CME update: cattle futures rise on firm cash market and higher beef prices
US live cattle futures rose for a second straight session on 17 November, lifted by higher cash beef prices and signs that cash cattle at feedlot auctions would trade at steady to higher prices this week....
17 November 2020
CME update: cattle futures bounce back as Wall Street rallies, but worries remain
US cattle futures ended mostly higher on 16 November on spill-over support from soaring equities markets....
Tyson beats profit estimates and sees lower COVID-19 costs for 2021
Tyson Foods beat Wall Street’s estimates for its fourth-quarter profit on 16 November, but faces rising costs for animal feed and increasing uncertainty over labour as COVID-19 cases surge in the US....
Copa and Cogeca call for decisive EU action and policy solutions to stabilise agricultural markets
Copa and Cogeca Presidents underline the importance of EU action and strong Common Agricultural Policy to stabilise markets and assist farmers during uncertain times....
16 November 2020
CME update: cattle futures sag as COVID-19 spike threatens beef demand
US livestock futures slumped on 13 November as surging coronavirus cases raised expectations for lockdowns on commerce that will hurt demand for meat from restaurants, hotels and other venues....
China detects traces of coronavirus on frozen meat and packaging from global exporters
The Chinese city of Jinan says that it has found coronavirus on beef and tripe and their packaging from Brazil, Bolivia and New Zealand, while two other provincial capitals detected traces of the virus on pork packaging from Argentina....
New COVID-19 controls in China could put frozen food importers on ice
Though the WHO and USDA say that the risk of catching COVID-19 from frozen food is low, China has repeatedly sounded alarms after detecting the virus on product packaging....
13 November 2020
JBS eyes further expansion after strong third-quarter profits
Brazil’s JBS SA reiterated its plans to grow production capacity in Brazil and the US after posting robust third-quarter results....
UK Farming Roundtable urges government to deliver Brexit certainty
With less than eight weeks before the end of the Brexit transition period, the UK Farming Roundtable has stressed the critical importance of getting new agricultural policy right in the devolved nations....
AHDB explores market access opportunities amidst COVID-19
Meat exporters in the UK will have the opportunity to learn about new ways of working as a result of Covid-19 during the latest in a series of AHDB export webinars....
12 November 2020
CME update: live cattle futures rise on boxed beef strength
US live cattle futures gained ground on 11 November as strength in the cash market and firm beef cut-out prices offered on-going support....
JBS posts higher than expected quarterly profit, defying estimates
Brazilian meat packing giant JBS SA reported a near nine-times increase in third-quarter net profit, beating market expectations....
11 November 2020
US plans to hold economic talks with Taiwan
Secretary of State Mike Pompeo confirmed that US Undersecretary of State Keith Krach will lead economic talks with Taiwan later this month....
10 November 2020
Argentina’s port workers launch sudden strike, affecting grain shipments
A union spokesman confirmed that its members who are grains pork workers were holding surprise strikes in protest of stalled talks over wages....
New Zealand’s Synlait warns of lower 2021 profit
Dairy products giant Synlait Milk warns of flat to lower profit in fiscal year 2021 due to weak demand for consumer-packaged infant formula....
CME update: live cattle futures skyrocket on COVID-19 vaccine hopes
US live cattle futures reached a four-week high on 9 November and feeder cattle hit their highest prices in more than five weeks after global media outlets reported progress towards a COVID-19 vaccine....
09 November 2020
EU poised to impose $4 billion in tariffs on US goods this week
The European Union is set to impose tariffs on $4 billion of US imports in retaliation for US subsidies for plane maker Boeing....
 
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