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Cattle Industry News By Category: Economics

12 June 2020
CME update: cattle futures dip as beef supply increases
US live cattle futures sank on 11 June as beef production and processing rebounds....
11 June 2020
Business leaders urge Thailand to join Asia-Pacific trade pact talks
A group of leading Thai business associations says that Thailand should take part in Asia-Pacific trade agreement talks in August to help decide if it will join the pact....
Johnson pledges to uphold UK animal welfare standards after Brexit
Prime Minister Boris Johnson says Britain will maintain its animal welfare standards after 2020 transition period....
Australia remains firm as tensions with China persist
Australian Prime Minister Scott Morrison tells reporters that the country won’t trade values in response to “coercion” from China....
CME update: cattle futures are stuck in a trading range as the US economy reopens
US live cattle futures fall after setting a one-week high on 9 June....
10 June 2020
CME update: live cattle futures continue to rally
US live cattle futures set a one-week high on 9 June, rebounding from last week’s losses....
Republicans urge USDA to loosen regulations on meat production
Six Republican lawmakers on the House of Representatives Judiciary Committee have asked the Department of Agriculture to ease regulations on meat processors, saying that the rules make it harder for smaller companies to compete....
More transparency needed on standards of grain imports to UK
The NFU is asking the government and supply chains for greater transparency around the standards associated with imported grain as the UK seeks new trade deals around the world....
09 June 2020
CME update: cattle futures stabilise amid further fall in beef prices
US live cattle futures stabilised on 8 June, reversing last week’s falls....
08 June 2020
USDA issues first CFAP payments to farmers
The USDA and Farm Service Agency have issued the first round of Coronavirus Food Assistance Programme payments to farmers, approving more than $545 million to producers who have applied for the programme. ...
Boris Johnson offers to accept EU tariffs on certain goods to secure trade deal
In an effort to break the Brexit deadlock between the UK and EU and negotiate a trade deal, British Prime Minister Boris Johnson is willing to accept European Union tariffs on some UK goods....
Tensions between Australia and China remain
Australia says that China is unresponsive to its efforts to reduce tensions between the countries....
Argentina to step up kosher meat exports as delegation arrives from Israel
Argentina pledges to step up exports of kosher beef after 98 rabbis fly into the country from Israel after COVID-19 travel restrictions were lifted....
CME update: cattle futures fall as slaughter pace normalises
US live cattle futures fell on 5 June as prices for market-ready cattle ease and packer profit margins decline....
07 June 2020
COVID-19 related dairy crisis – the fear is bigger than its impact
Dairy experts from 70 countries have been discussed the COVID-19 related dairy crisis during the 21st IFCN Dairy Conference on 2 to 3 June....
05 June 2020
CME update: economic optimism gives bump to cattle futures
US live cattle futures firm for a second day on 4 June on technical buying and hopes of an economic upswing....
EU increases funding for farmers as part of recovery effort
The EU has pledged increased funding to support farmers and fishermen in an effort to transition to a green economy after the coronavirus crisis. ...
04 June 2020
UN world food price index hits 17-month low
World food prices fell for a fourth consecutive month in May amid economic upheaval from the COVID-19 pandemic and faltering demand....
CME update: cattle futures rise after a three-session slide
US live cattle futures rose slightly on bargain buying after a slump earlier this week....
Pandemic continues to hammer US farmer sentiment
COVID-19 continues to impact farmer sentiment around the country as the majority of producers indicate an additional economic assistance bill is necessary. ...
03 June 2020
Australia’s cattle producers await live export shutdown ruling
After Australia banned live cattle exports in 2011, hundreds of claimants pursued a class action lawsuit against the Commonwealth....
Details announced for UK's Dairy Response Fund
A new dairy response fund will open for applications on 18 June, Farming Minister Victoria Prentis confirmed today....
CME update: cattle futures slump as wholesale beef prices fall
US live cattle futures fell on 2 June, with the August contract hitting its lowest level in nearly a month....
02 June 2020
CME update: live cattle futures close lower despite market optimism
US live cattle futures closed lower on 1 June despite strength in cash markets....
01 June 2020
Beef – during and beyond COVID-19
As parts of the world cautiously ease out of lockdown and reassess COVID-19’s impact on the beef sector, Rabobank’s latest global Beef Quarterly has revised down its global beef production outlook, and forecasts slowing beef demand in a declining...
Irish Beef Finishers Hit Hard by COVID-19 & Brexit Losses of €111M
Irish Farmer's Association National Livestock Chairman Brendan Golden said Agriculture Minister Creed must secure a direct payment package to make up for the beef price losses for winter finishers on the back of the COVID-19 outbreak and Brexit inflicted...
US Senator sees US keeping up with trade deal with China despite worsening relations
US Senator Chuck Grassley says he does not expect President Trump to walk away from a Phase 1 trade deal with China despite escalating tensions between the two countries....
Brazilian Agricultural Exports Grow 17.5% in 2020
Brazilian agricultural exports grew by 17.5% in the first four months of 2020, compared to the same period last year. Asian market now represents 47.7% of total exports, according to the Brazilian goverment. ...
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