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Cattle Industry News By Category: Markets

29 October 2020
USDA stands by its latest estimate of China’s corn imports
The US Department of Agriculture is defending its forecast of China’s corn imports despite analysts noting the high sales price....
CME update: cattle futures advance as demand remains steady
US live cattle futures rose on 28 October as domestic demand remains steady....
Argentine oilseed union says that more strike action is likely after offer from crushers deemed “insufficient”
The main union for Argentina’s oilseed crushing workers is hinting at further strike action acter a proposed coronavirus bonus payment fell short of expectations....
28 October 2020
CME update: cattle futures rebound as traders adjust to new supply reality
US live cattle futures rebounded on 27 October as packers kept processing at a higher-than usual pace....
27 October 2020
UK says that “time is very short” as negotiations with EU continue
In talks between the United Kingdom and European Union on 26 October, UK negotiators said that time was very short to bridge the significant gaps remaining on key issues between the two parties....
CME update: live cattle futures hit lowest price since June amid supply pressure
US live cattle futures fell on 26 October, with the most-active contract sinking to its lowest price since June....
26 October 2020
China’s purchases of US farm goods under the Phase 1 target
US trade representatives claim that China’s purchases of US farm goods is at 71 percent of the target agreed under Phase 1 deal....
New Zealand introduces new rules for live animal exports
New Zealand announces new requirements for the safe transport of livestock after a cattle ship capsized in the East China sea this summer, killing thousands of cows and most of the ship’s crew....
Covid-19 creates perfect price forecasting storm
When Covid-19 first surfaced in early 2020, global protein markets were still responding to the pork shortages caused by African Swine Fever (ASF). ...
23 October 2020
Weekly global protein digest
Read the latest updates on the global beef and dairy markets from livestock analyst Jim Wyckoff....
22 October 2020
CME update: US cattle futures retreat after modest gains
US live cattle futures eased on 21 October, retreating back toward seven-week lows hit on 19 October after a bargain buying fizzled as investors eyed plentiful cattle supplies....
21 October 2020
EU says that Britain has choices to make on Brexit amid trade impasse
Britain has sovereign choices to make on Brexit and they will determine its future access to the EU's internal market, the chairman of the bloc's leaders said on 21 October, stressing it was now up to London to break an impasse in trade negotiations....
CME update: cattle futures firm on bargain buying
US cattle contracts rebounded on 20 October as traders took advantage of lower prices....
20 October 2020
CME update: US cattle futures fall on technical selling
The US cattle market suffered from technical selling on 19 October, continuing its recent losing streak....
19 October 2020
CME update: cattle futures sink as domestic and export demand for beef slackens
US cattle futures dipped on 16 October as traders contended with weaker-than-expected export figures....
JBS CEO says that Brazil is producing more meat with less land
Gilberto Tomazoni, CEO of meat packing giant JBS SA, reports that livestock suppliers in Brazil are producing more while using less land....
Brazil to suspend tariffs on corn and soy until 2021
Brazil will suspend tariffs on corn and soy imports form countries outside the Mercosur trading bloc until early 2021 in a bid to reduce food prices that are contributing to inflation....
Stalled Brexit negotiations threaten EU agri-food industry
Members of the EU-wide agri-food sector welcome continued negotiations between the UK and EU, but ask for greater clarity and support when planning for the future relationship. ...
16 October 2020
CME update: US cattle futures dip as the second wave of COVID-19 increases
US cattle futures sank on 15 October as impending COVID-19 lockdowns in Europe threaten global meat demand....
Weekly protein digest: China's meat imports expected to fall in 2021
Jim Wyckoff's latest beef and dairy industry updates track China's import future and the international dairy market. ...
15 October 2020
CME update: cattle futures dip as wholesale beef prices soften
US cattle futures sank on 14 October following the cash markets lower while wholesale beef prices continue to decrease....
J&F Investimentos, parent company of Brazil’s JBS, pleads guilty to US foreign bribery charges
Brazil’s J&F Investimentos plead guilty to US foreign bribery charges and agreed to pay $128.25 million in criminal fines....
14 October 2020
CME update: cattle futures rebound after recent losses
US live cattle futures corrected on 13 October amid a stronger wholesale market....
13 October 2020
China’s September meat imports inch up on August numbers
China imported 834,000 tonnes of meat in September 2020, slightly higher than last month....
CME update: cattle futures slip as market feels seasonal pressure
US live cattle futures fell on 12 October following softening seasonal demand and the continued impact from backlogs at slaughterhouses....
12 October 2020
Barretos beef plant resumes exports to China
COVID-19-affected plant owned by Brazil’s Minerva resumes exports to China....
CME update: feeder cattle futures sink to three-month low
Feeder cattle futures dropped on 9 October amid pressure from surging prices for US grain....
UK ministers move to deny MPs vote on blocking chlorinated chicken imports
Reporting in The Independent states that British cabinet members will use an “obscure” rule to prevent lawmakers from voting on food imports....
 
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