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Cattle Industry News By Category: Economics

24 June 2020
CME update: cattle futures firm as cold storage supplies decline
US live cattle futures rose on 23 June after two sessions of declines....
23 June 2020
China says Brazilian beef exporter voluntarily suspended exports due to COVID-19 infections
Brazilian beef exporter suspends shipments to China due to novel coronavirus outbreaks at meat plants....
CME update: live cattle futures close lower as supply backlog weighs on industry
Live cattle futures closed lower on 22 June after the USDA Cattle on Feed report showed supplies and placements above trade expectations, but below marketing estimates....
Significant fall in US frozen beef supplies as COVID-19 jacks up meat prices
The USDA and livestock analysts report that US inventories of frozen beef showed significant drops last month....
22 June 2020
China’s food imports must be declared coronavirus-free
China’s customs authority has asked entities exporting food to China to sign a declaration that their goods have not been contaminated by the novel coronavirus....
CME update: cattle futures drop before release of USDA Cattle on Feed report
US live cattle futures fell on Friday as ranches contend with prolonged cattle supply bottlenecks despite slaughterhouses reopening....
UK launches its "bounce back" plan for agriculture
The UK Government has unveiled new measures and proposed trade agreements that will revitalise the food and drinks sector as the world recovers from the coronavirus pandemic....
19 June 2020
EU debates COVID-19 stimulus strategy
European Union leaders began the process of approving sweeping stimulus packages for European countries that have been hammered by the coronavirus....
Argentine farmers raise concerns over linking sovereign bonds to food exports
Argentina’s farmers have objected to a government proposal that ties the interest rate of bonds issued in the country’s debt restructuring to its agricultural exports....
Australia makes moves to lessen reliance on China as UK free trade talks begin later this month
Free trade talks between the United Kingdom and Australia will officially begin later on 29 June as Australia looks to shore up trade relationships beyond China....
CME update: cattle futures and beef prices tumble
US live cattle futures fell on 18 June as commodities and boxed beef prices face increasing pressure from rebounding production....
Farmers set to lose out as dairy response funds open
The Royal Association of British Dairy Farmers (RABDF) has welcomed the dairy response fund for farmers in England and Wales, but says it is disappointed some farmers severely affected will not be eligible....
UK meat industry at risk of losing European orders from September
UK meat sector will start losing EU orders within 12 weeks unless government provides clarity on trade arrangements....
18 June 2020
Fund to support dairy farmers opens for applications
The dairy response fund has opened on 18 June for applications from eligible dairy farmers in England in need of support following the coronavirus outbreak....
US vows to take action if problems arise under USMCA
US Trade Representative Rob Lighthizer tells lawmakers that the US will act “early and often” to problems stemming from USMCA....
CME update: cattle futures mixed as traders await USDA report
CME live cattle futures were mixed on 17 June....
Brexit explainer - the UK's export regime and what it means for the meat industry
Britain hasn’t exported to Europe for 46 years - but we’re about to start....
17 June 2020
UK and EU farmers united in call for free trade agreement
Farming organisations from across the EU have joined the UK's NFU in its call for an urgent breakthrough in trade talks in order to establish a UK/EU free trade agreement....
Australia seeks other trade partners amid tiff with China
Trade Minister Simon Birmingham says Australia is actively seeking to diversify its export markets after noting measures enacted by Beijing amid an ongoing diplomatic dispute that will harm Australian farmers and Chinese producers and consumers....
China’s meat importers sound the alarm over delays at crucial port
China’s meat importers fear clearing delays and reduced demand after one of China’s major ports began screening for COVID-19 for all meat and seafood containers to prevent contamination....
CME update: cattle futures rise as demand firms
CME live cattle futures rose on 16 June as the market showed hints of increased demand from meat packers....
16 June 2020
PM Johnson says Brexit deal feasible in July
Leaders from the UK and EU agreed on 15 June that talks on their future trading relationship should be stepped up to close a deal, with Boris Johnson suggesting a formal agreement could be reached in July with, “a bit of oomph”....
Australia lowers its forecast for beef exports to China as relations deteriorate
Australia’s chief commodity forecaster lowered its expected beef exports to China by 1.5 percent for the 2020 to 2021 season as trade ties sour between the nations....
China ramps up checks on meat and seafood after spike in COVID-19 cases in Beijing market
Multiple Chinese provinces are stepping up inspections of fresh and frozen meat and seafood, including imported goods, after new cases of the novel coronavirus are linked to a Beijing food market....
CME update: livestock futures rise as meat production grows
US live cattle futures rose on 15 June after falling to their lowest price in more than a month last week....
15 June 2020
Brexit deadlock remains as new round of negotiations begin
British Prime Minister Boris Johnson will begin a fresh round of negotiations with EU leaders on 15 June, keen to finalise the future of the EU-UK relationship....
CME update: cattle futures dip to one-month low
US live cattle futures dropped to their lowest price in more than a month on 12 June....
12 June 2020
UK will not introduce full border checks with EU
The United Kingdom has abandoned its plans to instate full border checks with the European Union on 1 January....
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