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Cattle Industry News By Category: Economics

16 August 2021
NFU UK responds to lump sum exit scheme consultation
The UK Government consultation into the proposed lump sum exit payment for farmers looking to leave the industry has ended - here's where the NFU stands. ...
“Once in 100 years” drought seen affecting Argentine grains exports into next year
A once-a-century drought has lowered the water level of Argentina's main grains transport river, reducing farm exports and boosting logistics costs in a trend that meteorologists said will likely continue into next year....
13 August 2021
US beef exports set record pace through June 2021
US red meat exports closed the first half of the year on a strong note, according to data released by USDA and compiled by the US Meat Export Federation (USMEF)....
Weekly beef and dairy digest: Beef exports fall back as the global milk production outlook improves
Latest research from the USDA shows improving milk production in the European Union and Oceania, while US beef sales disappoint market bulls. ...
Q2 for JBS hailed as best quarter in history
Brazil’s JBS SA, the world’s largest meat packer, said it had its best quarter in history according to a quarterly earning statement....
12 August 2021
Opinion - EU's assessment of the Farm to Fork strategy presents inconvenient truths
The EU's Joint Research Center has released a report on the impact of the Biodiversity and Farm to Fork strategies on agriculture, and EU farming union Copa and Cogeca warns that the policy will result in an unprecedented reduction in agriculture capacity....
10 August 2021
AHDB launches new foodservice dashboards for red meat sector
AHDB levy payers and stakeholders will for the first time be able to access new foodservice data which provides a complete picture of the red meat marketplace in Britain....
Tyson Foods raises prices, scrambles to keep up with inflation
Tyson Foods Inc cannot increase prices for chicken and prepared foods fast enough to keep pace with rising costs for raw materials like grain, Chief Executive Donnie King said on 9 August, after the company reported higher-than-expected quarterly earnings....
09 August 2021
2019-2020 Economic Survey: farmer resilience amid price volatility and unpredictable weather
The DairyNZ 2019-20 Economic Survey released today shows farmer resilience to the challenges of COVID-19, price volatility and unpredictable weather, with a positive year for milk production and farm businesses....
AHDB: EU cattle prices remain firm
Finished cattle prices on the continent have continued to rise since January 2021, having been on an upward trajectory since July last year., writes Bethan Wilkes, analyst at AHDB. ...
06 August 2021
Weekly global protein digest: product bans, Prop 12, NMPF policy
Livestock analyst Jim Wyckoff shares this week's protein highlights. ...
05 August 2021
Latin America sees milk production bump
According to the latest update from Quarterra, milk production in Latin America has lifted 3.3% in the year to May compared to the same period last year, writes Bronwyn Magee, AHDB analyst. ...
CME live cattle firm on scarce supply, firmer cash markets
Chicago Mercantile Exchange live cattle futures firmed on Wednesday as cash trade firmed and wholesale beef prices march higher, traders said....
CME Group launches first trades of Nature-Based Global Emissions Offset (N-GEO) futures
CME Group, the world's leading and most diverse derivatives marketplace, today announced that its Nature-Based Global Emissions Offset (N-GEO) futures have launched and are available for trading. ...
04 August 2021
UK ‘meat tax’ would cost economy almost £250 million a year
A 'meat tax' would cost the UK £242 million a year according to a new study, adding a surprising economic rationale to the National Food Strategy's dismissal of the idea on political grounds....
New Smart Tags changing the way feedlot operators think about continuous monitoring
Growing attention to animal welfare, antibiotics stewardship, as well as pressure on availability of manpower and cost efficiency – all present multiple ongoing challenges to feedlot operators. ...
Mexico, US agree on protocol for mobilization of highly registered cattle
Mexico and the United States have agreed on a protocol for the mobilization of highly registered cattle. The Official Veterinarians of Agriculture will certify livestock production units who demonstrate their animals are free of bovine tuberculosis and...
03 August 2021
New study identifies genomic pathway to healthier, more productive dairy cattle
A study by Synomics, the biological insights business, has identified a pathway for improving the accuracy with which key economic production, health and fertility traits can be predicted in dairy cattle by using a completely new approach to analyzing...
02 August 2021
Ag Economist discusses pandemic changes to beef cattle industry
A top analyst said recently that the COVID-19 pandemic has caused several changes in the beef industry, many of which could be here to stay....
30 July 2021
Weekly protein digest: ASF in Dominican Republic, US beef exports down, USMCA concerns
Market analyst Jim Wyckoff shared protein market highlights from around the world, including USDA's latest dairy market report. ...
29 July 2021
Australia's dairy industry outlook looks positive
With farmer confidence and consumer optimism high, much of Australia’s dairy industry has been riding on a wave of positivity over the past few months, according to Dairy Australia’s June 2021 Situation and Outlook report. ...
Small cattle farm grows up with help from UGA
What Joseph Egloff began as a “little hobby” in 2011 is now a full-time cattle ranch with a meat packing plant that serves customers from Florida to North Carolina....
28 July 2021
2021 China Dairy Top 20 Summit Held in Hefei
The 2021 China Dairy Top 20 (D20) Summit was held in Hefei, Anhui Province on July 18, 2021. Vice Minister Ma Youxiang attended the summit and delivered the keynote speech....
Profit-taking drags down CME livestock futures
Chicago Mercantile Exchange live cattle futures fell on Tuesday after rising to their highest price in more than three weeks, while feeder cattle pulled back from contract highs on Monday. ...
27 July 2021
£21m to help make Scotland's dairy industry cream of the crop
A digital dairy project aiming to create 600 new jobs in South-West Scotland and Cumbria has been awarded more than £21 million of funding....
Significant proportion of Scottish livestock still failing to meet market specification
With close to 40% of sheep and 30% of beef cattle in Scotland still failing to meet market specifications resulting in financial, productivity and efficiency costs, Quality Meat Scotland (QMS) is encouraging more farmers to utilize their virtual carcass...
Milking opportunity in the foothills of Mount Kenya
When Simon and Sylvia Kiruja started their farm three years ago, they never imagined it would get so big they would need a bigger plot....
26 July 2021
USDA Cattle on Feed Report says US cattle inventory fell by 1%
About 101 million head of cattle and calves are on U.S. farms as of July 1, 2021, according to the Cattle report published today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS)....
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