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Cattle Industry News By Category: Markets

25 August 2020
US and China will hold to Phase 1 trade deal after phone call
Top US and Chinese officials reaffirmed their commitment to the Phase 1 trade deal, with China agreeing to meet its obligations to buy American farm and manufactured goods....
CME update: cattle futures fall on unexpected supply boon
US live cattle future sank on 24 August as the market felt pressure from a USDA report showing that cattle supplies were bigger than expected....
24 August 2020
UK and EU blame one another for minimal progress towards a post-Brexit deal
The European Union and Britain made scant progress towards a deal on futures ties in talks last week, with chief negotiators from both sides blaming each other for the stalemate....
Pro Farmer warns that US corn harvest hit hard after storm
Advisory service Pro Farmer says that chances of a record US corn crop have been dashed after severe derecho storm....
CME update: live cattle futures dip ahead of Cattle on Feed report
US live cattle futures fell on 21 August on profit-taking and positioning ahead of the USDA’a Cattle on Feed report....
21 August 2020
No breakthrough in recent round of Brexit talks
The latest round of negotiations between the UK and European Union on future diplomatic and trade ties after the Brexit transition period ends have brought no breakthroughs....
India and US make progress in bilateral trade talks
India’s ambassador to the United States told reporters that concluding current negotiations on a limited trade deal is a vital first step in creating a comprehensive trade pact in the future....
CME update: cattle futures fall as pre-Labour Day purchases wound down
US live cattle futures fell on 20 August as consumer purchases of beef ahead of the Labour Day weekend slowed....
British vets call for "urgent clarity" on post-Brexit vet checks
The British Veterinary Association warns that the government's lack of preparation in Brexit negotiations could have a "significant impact" on the movement of animals. ...
Weekly global protein digest: US dairy herd continues to decline
Read the latest US dairy industry updates from Jim Wyckoff....
20 August 2020
EU and UK resume trade talks, but deal is still weeks away
Negotiators for both the European Union and United Kingdom began a seventh round of trade talks on 19 August in a bid to reach a post-Brexit deal before the January 2021 deadline....
Trade talks between China and the US are back on track
China and the United States have agreed to hold trade talks in the near future to evaluate the progress of the Phase 1 trade deal....
Australia mulls blocking China Mengniu’s dairy firm purchase
Australia’s government may block China Mengniu Dairy’s purchase of Australian milk brands as diplomatic spat lingers....
CME update: live cattle futures gain ground on wholesale strength
CME live cattle futures firmed on 19 August as boxed beef prices gave support ahead of the upcoming Labour Day holiday weekend....
19 August 2020
No new trade talks scheduled between China and the US
The White House Chief of Staff has told reporters that no new high-level trade talks have been scheduled between the United States and China....
New Zealand’s a2 Milk expects slight losses as coronavirus stockpiling ends
New Zealand’s a2 Milk Co forecasts slightly lower earnings margins for fiscal year 2021 on 19 August....
CME update: feeder futures gain ground while live futures remain flat
US feeder cattle futures strengthened on 18 August while live cattle futures remained flat....
18 August 2020
CME update: cattle futures slip after steady climb
US live cattle futures stepped back on 17 August in profit taking ahead of the USDA’s Cattle on Feed report....
17 August 2020
CME update: cattle futures rise as beef prices and grilling demand increase
CME live cattle futures continued their rise on 14 August, supported by increasing beef prices and expectations of sustained meat demand before the Labour Day weekend....
JBS pursues US share listing plan after COVID-19 fallout
Brazil’s JBS SA is reviving plans to list shares on Wall Street after dealing with the fallout of the coronavirus pandemic....
16 August 2020
Brits turn to takeout during COVID-19 lockdown
Data from AHDB shows that Brits are buying more take-out than they did before lockdown, with latest figures showing a 2 percent rise in orders compared to March 2020. ...
14 August 2020
CME update: cattle futures gain ground as slaughter rates and exports rise
CME live cattle futures continued their rally on 13 August, holding to a nearly six-month peak in prices as exports to China grew....
Global beef digest: US net sales trend downward
Read the latest global beef industry updates from Jim Wyckoff. ...
13 August 2020
Chile and Brazil formalise trade pact
Chile’s Senate has approved a free trade agreement with Brazil, cementing the long-standing economic relationship between the two countries....
CME update: cattle futures set five-month high as beef prices post additional rises
CME live cattle futures reached a five-month high on 12 August while feeder cattle futures neared a six-month peak, bolstered by increasing boxed beef prices....
12 August 2020
COVID-19 resurgence puts pressure on New Zealand economy, especially dairy sector
New Zealand stocks registered their worst close in a month on 12 August after the country reported its first cluster of coronavirus cases in over 100 days....
CME update: cattle futures rise in line with US beef prices
CME live cattle futures rose on 11 August, bolstered by increasing beef prices....
11 August 2020
US Senators call for tariffs to be removed on food items from the European Union
A bipartisan groups of 13 US Senators have asked the US Trade Representative to remove the 25 percent tariffs on food, wine and spirits from the EU....
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