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Cattle Industry News By Category: Markets

14 December 2020
Biden USDA Secretary choice will face little opposition in US Senate
President-Elect Joe Biden’s choice for US Secretary of Agriculture, Tom Vilsack, will face limited to no opposition when the Senate eventually votes on him. Vilsack won unanimous approval the last time he led USDA under former President Barack Obama....
11 December 2020
Weekly beef and dairy digest: USMCA gets its first test and China bans more Australian beef
US beef exports continue their steep decline and the USDA issues its assessment of SE Asia's diary prospects....
CME update: live cattle futures advance on further bargain-buying
US live cattle futures firmed for a second straight session on 10 December on bargain buying and speculative buying....
US challenges Canada’s dairy tariff-rate quotas under USMCA
The US says it is challenging Canada’s allocation of dairy tariff-rate quotas in the US-Mexico-Canada Agreement (USMCA) dispute settlement system....
Irish farmers will take the biggest economic hit because of Brexit – IFA
When speaking to a government committee on agriculture, Irish Farmers Association President Tim Cullinan warned that farmers will face major challenges due to market upsets stemming from Brexit....
10 December 2020
CME update: short covering and bargain buying lift cattle futures
US live cattle futures firmed on 9 December, bouncing back after four straight sessions of losses that dragged prices to 2 ½ week lows....
EU farming unions call for clarity as Brexit negotiations reach a conclusion
Copa and Cogeca and other key EU farming bodies have made five urgent requests regarding EU and UK trade relations as Brexit negotiations come down to the wire. ...
UK meat companies raise concerns about customs certifications ahead of Brexit deadline
The UK's largest meat companies have penned a letter to cabinet officials saying that they fear a drop in exports due to costly and cumbersome customs certification once the UK leaves the EU. ...
09 December 2020
CME update: live cattle futures sink on lower cash prices and decreasing beef values
US live cattle futures fell for a fourth straight session on 8 December as cash cattle traded lower at the southern US Plains feedlot markets....
08 December 2020
China suspends beef imports from sixth Australian supplier
China has suspended imports of beef from Australia’s Meramist Pty Ltd from 7 December....
CME update: cattle futures fall as pandemic accelerates across the US
US cattle futures fell on 7 December as cash beef prices weakened and increased COVID-19 infections sparked concerns about demand for meat....
07 December 2020
New Zealand’s Fonterra lifts lower end of 2020-2021 farmgate milk price forecast
Dairy company Fonterra lifted the lower end of its 2020-2021 forecast range on 4 December, increasing the price it pays farmers for milk....
CME update: cattle futures step back as demand outlook becomes cloudy
Three days of soft wholesale beef prices brought retail demand for beef into question, making live cattle futures fall....
EU grants market access for UK organics sector for additional 12 months
The European Union has recognised the contributions of the UK organics sector, ensuring that UK organic products will have continued access to EU markets after the Brexit transition period ends. ...
04 December 2020
Weekly beef and dairy digest: Canada revamps ag policy and US exports lag
Jim Wyckoff's latest analysis looks into changes in Canada's farm policy and how the US-China relationship could change under the incoming Biden administration. ...
CME update: US live cattle futures step back after previous gains
US Live cattle futures trimmed on 3 December as fears of additional pandemic closures weighed on the demand outlook....
EU farming unions ask for clarity on CAP negotiations
European farmers and agri-cooperatives asked Vice-President Timmermans for clarification around the Commission’s position on CAP negotiations...
03 December 2020
CME update: cattle futures make further gains on strong cash trade
US live cattle futures gained on 2 December, finding support in a firming cash cattle market as traders weighed consumer demand prospects....
China requires imported cold-chain food to undergo nucleic acid test before sale
China’s Administration for Market Regulation now requires imported cold-chain food products to undergo a nucleic acid test for COVID-19 before any products can be sold in China....
How is EU meat demand holding up?
Retail demand for meat has surged since the coronavirus pandemic disrupted out-of-home consumption early this year, writes Bethan Wilkins, red meat senior analyst with AHDB. ...
02 December 2020
CME update: live cattle futures strengthen alongside beef demand
US live cattle futures rose on 1 December, supported by strengthening US consumer demand and high wholesale beef prices....
01 December 2020
CME update: cattle futures slip as exports weaken
US live cattle futures lost ground on 30 November as traders weighed weak beef exports against increasing beef production and climbing boxed beef prices....
30 November 2020
CME update: live cattle futures lose ground as exports appear weak
US live cattle futures trimmed on 27 November on profit-taking during a shortened holiday-trading day....
Saudi Arabia suspends Turkish meat imports
The Turkish exporters’ union confirms that Saudi Arabia has formally suspended imports of meat, eggs and other products from Turkey earlier in November....
29 November 2020
UK inches closer to Brexit trade deal with EU, but says that it will not get there at any cost
The UK Finance Minister said that Britain and the European Union can agree to a trade deal and that one is taking shape – but London will not sign up to an accord at any cost....
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....
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