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Cattle Industry News By Category: Economics

23 April 2020
Calculating the economic effects of Romania’s bluetongue outbreak
Lost export opportunities can send long-term shockwaves in any industry, but it’s proven particularly difficult for Romania’s fledgling cattle sector....
22 April 2020
IFA campaign on beef price supports, direct income aid
IRELAND - IFA National Livestock Chairman Brendan Golden said IFA is driving an intensive lobbying campaign with TDs and MEPs to get the Minister for Agriculture Michael Creed and the EU Agriculture Commissioner Janusz Wojciechowski to take urgent action...
'Make It' campaign set to hit TV screens across Scotland
SCOTLAND, UK - Three of Scotland’s finest ingredients, Scotch Beef PGI, Scotch Lamb PGI and Specially Selected Pork, are set to hit TV screens across Scotland in the coming weeks as part of Quality Meat Scotland’s 'Make It' campaign. ...
G20 agriculture officials say pandemic control measures should not disrupt food supply
Food and agriculture ministers from the G20 agree that emergency measures to stop the spread of COVID-19 must not erode global food supply chains....
Canada will not experience beef shortages, but prices may creep up due to coronavirus
Though Canada has had to slow down and shutter operations at meat-packing plants, the government does not anticipate a beef shortage – but prices may rise....
CME update: cattle futures slip due to stock sell-offs
CME Group cattle futures were weaker on 21 April, facing pressure by a steep decline in equity markets....
21 April 2020
Market challenges continue amidst lockdown
UK - With lockdown restrictions in the UK set to continue for at least another three weeks as the coronavirus outbreak is tackled, the challenges of the red meat supply chain become a little more certain in the short-term, according to the latest market...
CME update: cattle contracts fell on technical selling
Cattle contracts ease as supplies are expected to tighten....
UK public encouraged to "support small cheesemakers" as pandemic threatens the future of Britain's specialist cheese industry
Britain's specialist cheesemakers and retailers have joined forces to urge the public to "support small cheesemakers" as the Coronavirus crisis threatens to wipe out the previously thriving industry....
20 April 2020
UK dairy industry groups unite behind calls for urgent government action to save sector
Appeals for urgent government action to save the dairy industry have been backed by the entire supply chain, including UK farming unions, RABDF, Dairy UK and the Provision Trade Federation....
CME update: cattle futures mixed at the end of the week
US live and feeder cattle futures ended mixed on 17 April, with short term contracts pressured by coronavirus-related slowdowns at processing plants, while hopes of a reopening economy bolstered deferred contracts....
Trump administration unveils $19 billion coronavirus aid package for farmers
On 17 April, President Trump announced a $19 billion relief programme to help US farmers weather the impact of the coronavirus – including food buys for poor Americans and $16 billion in direct payments....
UK dairy industry pulls together to manage milk supply through COVID-19
Government announces a temporary relaxation of UK competition law to support the dairy industry through the coronavirus outbreak. ...
17 April 2020
CME update: cattle futures reach one-week high, rebounding from COVID-19 losses
US live and feeder cattle set one-week highs on 16 April as markets reverse coronavirus-related losses....
16 April 2020
Japfa set to sell stake in Chinese dairy business to Meiji
Singapore agri-food company Japfa Ltd announced on 15 April that it will sell a 25 percent stake in its dairy farming business in China to Meiji for $254.4 million....
EU auditors take first steps to mitigate the COVID-19 pandemic
Mitigating the COVID-19 outbreak using EU structural funds requires a balance between more flexibility and accountability, say Auditors....
CME update: cattle futures stabilise amid further meat plant shutdowns
US cattle futures recovered on 15 April as markets advanced from recent losses that traders believe dropped prices too far below the cash markets....
Argentina’s grain sector braces for its first coronavirus case
Argentina is waiting for the first COVID-19 case to be confirmed among the thousands of port labourers and grains handlers who work in the country’s key agricultural export sector....
15 April 2020
Coronavirus: NFU and dairy industry united behind urgent call for action
Following a dairy crisis meeting held earlier today, the whole industry has united behind the need for meaningful action to avoid a national catastrophe in UK dairying....
COVID-19-related cattle industry losses in the US estimated at $13.6 Billion
A recent study estimates that cattle industry losses stemming from the coronavirus pandemic will reach $13.6 billion....
Trump administration faces mounting pressure to buy food for the needy and cut waste
The US administration is facing increased pressure to purchase more meat, dairy and produce for food banks as farmers dump and destroy goods due to reduced restaurant demand because of coronavirus....
Germany calls on EU to support dairy farmers
Germany’s agriculture ministry has called on the European Union to take action to support dairy farmers who face a steep fall in milk sales due to the ongoing pandemic....
CME update: cattle futures rise on hopes that US slaughterhouses will reopen
US cattle futures rose on 14 April reversing recent losses....
14 April 2020
Brazil and Argentina’s agricultural heartland suffer prolonged drought
Parts of South America’s farm belt are being hammered by a drought that threatens to curb harvest yields....
CME update: cattle futures sink further as COVID-19 closes more meat processors
US Livestock futures plunged on 13 April as worries of reduced meat processing capacity clouded the market....
13 April 2020
China’s US ambassador says trade deal is being implemented
China is still implementing the first phase of the US-China trade deal, but hopes for a coordinated response to address the pandemic....
Irish dairy farmers enter unique collaboration to meet COVID-19 challenge
Irish Farmers Association (IFA) Dairy Chairman Tom Phelan takes steps to reassure Irish dairy farmers as the pandemic grinds on....
10 April 2020
CME update: cattle futures slip as market roils from coronavirus
US Livestock futures slid again on 9 April as market volatility due to coronavirus raised concerns of meat packing closures and surging beef stocks....
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