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Cattle Industry News By Category: Economics

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. ...
29 May 2020
COVID-19 has infected more than 3,000 US meat plant workers
A union representing US meat packing workers has reported that more than 3,000 workers have contracted the new coronavirus....
CME update: cattle futures end higher as cash prices maintain discount
US live cattle futures ended mostly higher on 28 May....
UK farm vets urge Lords to reject Agriculture Bill
Farm animal vets push for a "once-in-a-generation opportunity" in an open letter to the House of Lords that urges them to reject the Agriculture Bill and return it to the House of Commons. ...
28 May 2020
China suspends Irish beef imports after BSE case
China has suspended beef imports from Ireland after a case of Atypical BSE was identified....
CME update: cattle futures buoyed by economic optimism and discount to cash prices
US cattle futures rose for a second day in a row on 27 May as easing COVID-19 restrictions across the US boosted optimism about the general outlook for the economy and beef demand....
27 May 2020
Smaller meat processors face backlogs as coronavirus continues to shutter large slaughterhouses
Small meat processors across the US and Canada report months-long bottlenecks as farmers search for abattoirs to process backlogged livestock....
Thailand mulls membership in Asia-Pacific trade pact
Thailand’s cabinet has agreed to set up a committee to consider whether the country should seek membership in an Asia-Pacific trade agreement after widespread opposition in April....
It’s official: Brazil’s JBS, Marfrig and Minerva will export beef to Thailand
JBS SA, Marfrig Global Foods, Minerva Foods and two other Brazilian meat packers have won approval to export beef to Thailand....
CME update: cattle futures rally along with the stock market
US cattle futures rose alongside the rising stock market as the economy slowly reopens....
26 May 2020
Canada issues update on COVID-19 assistance available to farmers
Minister Bibeau clarifies the financial supports available to Canada's farmers after CEBA expansion. ...
Brazil greenlights beef exports to Thailand
Brazil’s Agriculture Ministry reports that Thailand has agreed to accept Brazilian beef imports....
Workers at Marfrig beef plant test positive for coronavirus
Brazilian meatpacker Marfrig said 25 employees at its unit in Várzea Grande, Brazil tested positive for COVID-19....
25 May 2020
Home cooking rekindles love of meat and dairy during lockdown
Consumers have returned to comforting food staples they know and love, including meat and dairy, during the Covid-19 crisis as they cook more home meals....
USDA greenlights $1 billion in loan guarantees for farmers
The USDA is making $1 billion in loan guarantees available to rural business and farmers to meet their working capital needs as the health crisis continues. ...
CME update: live and feeder cattle futures slip upon release of cold storage data
US live and feeder cattle futures closed lower on 22 May ahead of the USDA Cattle on Feed report and after lacklustre cold storage data was released....
22 May 2020
US reports progress with China in phase 1 trade deal, but tensions remain
US officials report positive developments in trade with Beijing despite souring relations due to COVID-19....
USDA reports tightened meat inventories
US meat inventories have contracted after COVID-19 outbreaks shuttered slaughterhouses – USDA....
Marfrig and Minerva plants in Brazil remain open despite coronavirus cases
Brazilian meat producers Marfrig Global Foods and Minerva SA have recorded COVID-19 cases among workers in cattle processing plants in mid-May, but the sites are still operational....
CME update: live cattle futures rise against cash markets
CME live cattle futures firmed while feeder cattle fell slightly ahead of the 22 May USDA cattle on feed report....
21 May 2020
Purdue University and Microsoft team up to calculate COVID-19 impact on agriculture
New collaboration between Purdue University and Microsoft calculates agricultural product supply risk stemming from COVID-19 worker illnesses....
CME update: live cattle futures sink as slaughter rate rises
US live cattle futures dipped on 20 May due to oversupply despite reopened processing plants....
20 May 2020
NCBA welcomes new coronavirus relief measures for US cattle producers
The National Cattlemen's Beef Association (NCBA) welcomes new details of the CFAP programme that aim to help cattle producers, but stress that more needs to be done to protect family-owned cow-calf and stocker operations. ...
President Trump proposes halting US cattle imports to protect ranchers
President Trump floats terminating trade deals where the US imports cattle in an effort to assist US ranchers negatively impacted by COVID-19....
 
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