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Cattle Industry News By Category: Economics

18 June 2021
Stung by pandemic and JBS cyberattacks US ranchers build new beef plants
US cattle ranchers and investors are sinking hundreds of millions of dollars into new beef plants after temporary closures of massive slaughterhouses at the start of the COVID-19 pandemic left farmers with nowhere to send animals destined to be turned...
Ireland’s Kerry Group to sell meat and meals business to Pilgrim’s Pride
Irish food firm Kerry Group Plc announced that it would sell its British and Irish Consumer Foods’ Meats and Meals business to US poultry processor Pilgrim’s Pride Corp for €819 million ($975 million)....
Weekly beef and dairy digest: US ag sector could see major policy shifts
USDA Secretary Tom Vilsack testified before Congress this week and hinted at his policy priorities for the agency and the wider US farm sector. ...
Australian farmers welcome new UK-Australia trade agreement
Australia's National Farmers Federation (NFF) has hailed the UK-Australia trade agreement as a "new beginning"....
17 June 2021
Argentine meat packers reach preliminary export agreement with government
Argentine meat packers have reached a preliminary deal with the government that will allow them to partially reopen beef exports after a month-long suspension aimed at cutting domestic food price inflation, an industry source said on 16 June....
How significant is the UK-Australia deal for UK agriculture?
The latest analysis from the AHDB's David Swales delves into the implications for food standards and farm animal welfare in the recently-agreed trade pact between the United Kingdom and Australia....
USDA defends debt relief for minority farmers despite legal fight
The US Agriculture Department (USDA) is defending efforts to wipe clean government-backed loans to farmers facing decades of discrimination, despite a temporary restraining order on the debt relief plan issued by a US District court last week....
16 June 2021
RABDF raises concerns over lack of detail in UK-Australia Free-Trade deal
The RABDF is concerned about a lack of detail in the free trade deal between the UK and Australia as a broad agreement was reached on 15 June....
UK NFU hopes that UK-Australia FTA will include safeguards for agriculture sector
The National Farmers Union has issued a statement after Australia and the United Kingdom agreed in principle to a free trade pact on 15 June....
US farming organizations speak out against temporary order stopping relief for minority farmers
Farming groups across the United States have issued a statement deploring a temporary restraining order that stops indigenous and minority ethnicity farmers from claiming relief under Section 1005 of the American Rescue Plan Act....
15 June 2021
The UK's dairy exporters go online to remain cream of the crop
A virtual meet the buyer event has helped UK dairy businesses continue to unlock potential export opportunities in Asia....
Australia touts “great win” in UK’s first post-Brexit trade deal
Britain and Australia have agreed a trade deal after talks between their prime ministers ironed out outstanding issues, Australian Minister for Trade Dan Tehan said on Tuesday 15 June....
Don't sign the UK-Australia trade deal, says RSPCA
The UK's RSPCA is urging Prime Minister Boris Johnson to stop a trade deal with Australia that could see the UK importing food raised at lower animal welfare standards....
EU farming unions warn that new biodiversity strategy disregards realities on the ground
While debating the European Union's biodiversity policy, members of the European Parliament re-defined the concept of sustainability to focus more on environmental elements - but this could hamstring the agriculture sector's ability to deliver on biodiversity...
Irish food and drinks sector posts promising export figures to UK in new report
Despite Brexit and COVID-19 identified amongst the top risks for the Irish food and drinks sector, 1 in 3 Irish businesses surveyed recorded an uplift in retail sales during COVID-19 and almost half of all Irish companies exporting to the UK anticipate...
14 June 2021
USDA begins work to enforce the Packers and Stockyards Act
The Department of Agriculture will begin work on three proposed rules to support enforcement of the Packers and Stockyards (P&S) Act, which would give farmers stronger protections from corporate abuse. ...
EU's agri-food trade surplus increased at start of 2021
In January and February 2021, the value of EU agri-food exports totalled €28.5 billion (a decrease of 6% compared to the same period in 2020), while the value of imports fell by 12.5% to reach €18.2 billion....
UK meat industry groups call for veterinary agreement to protect exports to the EU
The UK's food and feed trade associations, hauliers, farmers and veterinary groups are advocating for a new veterinary agreement to avoid a "catastrophic drop" in food exports to the EU....
11 June 2021
China’s Youran Dairy raises $643 million in Hong Kong IPO
China Youran Dairy Group raised $643 million in its Hong Kong initial public offering (IPO) by pricing its shares at the bottom of an indicated price range at HK$6.98 each, according to two sources with direct knowledge of the matter....
Weekly beef and dairy digest: JBS contends with fallout from cyberattack
JBS left with an $11-million bill after cyber attack and the FAO warns that food import costs could surge. ...
Brazil's imports of Argentine corn start to arrive
The first shipments of Argentine corn have begun to arrive in Brazil to where a national crop failure, record high prices and high demand from the meat industry has made companies such as BRF Brasil Foods SA and JBS SA turn to imports....
10 June 2021
FAO warns that global food import costs to surge 12% to record this year
Global food import costs are expected to rise 12% in 2021 to a record due to surging commodity prices and robust demand during the COVID-19 crisis, the United Nations food agency said....
US beef exports continue on their upward trajectory
Newly-released data from the US Meat Export Federation (USMEF) shows that April's beef exports continued to build momentum after breaking records in March 2021. ...
JBS says it paid equivalent of $11 million in ransomware attack
Meatpacking giant JBS USA says it paid a ransom equivalent to $11 million following a cyberattack that disrupted its North American and Australian operations, the company's CEO said in a statement on 9 June....
US ag economy barometer posts sharp declines in May
The Ag Economy Barometer fell by 20 points in May as producers remain bullish on farmland values....
09 June 2021
AHDB analyses the impact Argentina's beef export ban has on the UK
In mid-May, Argentina’s president imposed a 30-day ban on beef exports from the country, intended to manage domestic supply availability and price inflation....
08 June 2021
Argentine customs strike on 8 June to hit grain exports
Grain exports from Argentina were likely to be affected by a seven-hour strike by customs officers on Tuesday, as the officials press for priority access to coveted COVID-19 vaccinations, the port manager said on Monday 7 June....
USDA invests $1 billion in food bank capacity as part of the Build Back Better initiative
The USDA will invest $1 billion to purchase healthy food and shore up food bank capacity as part of the new Build Back Better Initiative. ...
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