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TheBeefSite Newsletter - 2 January 2014

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Thursday 2nd January 2014.
Michael Priestley - Editor

Michael Priestley

China to Influence Global Beef Markets in 2014

China is expected to continue to be a major driver in global beef and dairy markets this year.

According to analysts at Rabobank there could be a looser global dairy market, on the back of strong production, and tight beef supplies.

The agricultural analysts’ beef and dairy quarterly reports both predict that markets will see prices supported, with Chinese demand featuring heavily as beef production is held back by lower feed costs and herd expansion.

Dairy production is predicted to be higher, but Rabobank says China will buy surplus.

Beef values are globally high and at record levels in the US and Canada.

Since June, Rabobank’s Global Cattle Price Index lifted six per cent.

This was supported by lower than expected supply in key regions.

Tight supply forecasts mean no let-up in beef prices next year, particularly for the first half of 2014.

Rabobank analyst Albert Vernooij said the expanding Chinese beef demand is expected to continue until 2016.

"China's importance and influence on the global beef market is set to continue to increase in 2014," said Mr Vernooij.

"China's imports of both frozen and chilled beef are expected to grow further, driven by the shortage of beef in the domestic market, reflected in record high retail prices. We believe that the value of the Chinese markets will grow in excess of 10 per cent annually over the next three years."

Meanwhile, market analysts in the US believe that US beef production is will decline from 25.68 billion pounds in 2013 to 24.17 billion pounds in 2014.

From a 19 year low of 460 million pounds in 2004, US beef exports grew to 2.79 billion pounds in 2011, but declined to 2.46 billion pounds in 2013.

A further decline in production is expected to limit exports to 2.3 billion pounds in 2014.

Domestic per capita beef supplies in 2014 are projected at 53 pounds, down from 56.5 pounds in 2013.

Fed cattle prices averaged near $126 in 2013 and are projected to average near $130 in 2014.


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Market Reports

USDA Agricultural Prices 30 December 2013
USDA Cold Storage - 23 December 2013
EBLEX Cattle Weekly - 20 December 2013
USDA Cattle on Feed - 20 December 2013
USDA Livestock Slaughter - 19 December 2013
UK October Agricultural Price Index - 19 December 2013
Farm Accounts in England – Results from the Farm Business Survey 2012/13
UK Farming Statistics - Final Crop Areas, Yields, Livestock Populations and Agricultural Workforce at 1 June 2013
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Global Beef Industry News

   New Zealand

Red Meat Sector Strategy Announces Report
2014 - A Year of Change for Federated Farmers
2014 Massive Year for New Zealand Red Meat Industry
New Directors to Beef + Lamb New Zealand Board


Livestock Owners Urged to Prepare for Heat
Queensland Cattle Producers Look to Stronger Korean Market
Australian Beef Export Values Surge
Australian White Paper to Boost Productivity
Yardings Up Three Per Cent on Last Year, Says MLA Winter Summary

   United States

Cattle Slaughter Down 30 Per Cent Last Week
Crop and Livestock Price Prospects for 2014
US Consumers Confused about GMOs
Farm Bill Deal Close But Will Not Be Announced Until January
CME: Beef Prices Set Record in November
Major E. Coli Study in Beef Making Progress
CME: Lower Fed Cattle Numbers for Foreseeable Future
Cattle Futures: Prices Reach Three Week Low
US Agriculture Considering Opposition to Partnership Deal
Wyckoff's Weekly Cattle Outlook: Negative Tones in Markets

   Russian Federation

Vets Report Cattle Deaths on Imported Breeding Stock
Agricultural Bank Finances Major projects in Kaluga Region
Russia Defines Standard for High Quality Beef


Where Will Beef and Dairy Markets Go in 2014?
Feed Antioxidant Market Buoyed up by Demand for Animal Proteins
Abandoned Farmland Widespread in Central and Eastern Europe
Report: Europe Tops Veterinary Vaccine Market
Beef Supply Remains Tight; High World Prices Set to Continue
Holistic Farming Approach to Meet World Food Demand Sustainably
Should Livestock Numbers be Reduced to Curb Climate Change?
Changing US Farm Bill to Address M-COOL Could End WTO Trade Action
Global Food Security Relies on Trade
Report Leads the Way to Sustainable Beef


Bovine TB Surveillance System Set Up in Tierra del Fuego


Academic Advocates Fee for Antibiotics Used in Vet Medicine
Growing Adaptation Program to Fund Water Infrastructure Projects
E.Coli Costs Canada $403.9 Million Per Year


Report Warns of Growing Feed Shortage in India


Bluetongue Discovered on Calabrian Cattle Farm


Price of Chinese Agricultural Products Shows Slight Increase
Administration to Add Ten New Drug Inspectors in China


Nebraska Beef on the Menu in Macau


US to Consider FMD Status of 14 Brazilian States
Joint Statement With US Could Bouy Farming Productivity


Variation in Land-use Intensity Leads to Higher Biodiversity

   United Kingdom

Simpler Testing for Cattle Herds with TB Breakdown
Breeding Healthy Food in a Hungry World
Implementation of Common Ag Policy Announced
UK Farm Animal Antibiotic Use Figures for 2012 Updated
November Indicator Shows Irish Price Problem and Persisting Lower Imports
More Than £100k Given Out to Promote Farming in 2013
NFU: Water Abstraction Reforms Must Deliver Fairness for Farmers

   European Union

EU Feed Industry Raises Concern over Low-Level GMOs
EU Commission Progresses Research Plans on Agriculture Sustainability
Air Quality Policy Will Impact EU Livestock Farming
EFSA Evaluates Molecular Typing Methods for Food-borne Pathogens
Eurogroup Welcomes Commission's Proposals on Ban of Cloning


ABP Buys Second Plant in Poland

   South Africa

FMD Outbreaks Reported in South Africa
FMD NEWS: FMD Outbreaks Reported in South Africa


Hansen Appointed CEO for New Danish Crown Enterprise


Cloning Ban 'Would Be No Loss'


Foot and Mouth Disease Outbreak in Botswana


Farm Output Up 18 Per Cent So Far for 2013


French Food Pricing Observatory Files Findings


Filipino Farmers Gifted One Carabao Each


State Subsidies Up to 34 Per Cent Rise for Livestock


Academic Stresses Importance of Tuberculosis Programme


VION Food Group Appoints New CEO


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