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Cattle Industry News By Category: Economics

03 April 2020
European Commission announces aid for farmers amid coronavirus pandemic
On 2 April, the European Commission proposed a package of measures to soften the blow of the coronavirus pandemic on the EU economy....
Brazilian meatpacker BRF on recruitment drive amid COVID-19 outbreak
BRF announces that it will hire an additional 2,000 workers in order to maintain production levels....
A closer look at how the coronavirus is affecting global food supplies
The COVID-19 pandemic has already disrupted the world’s food supplies and is causing labour shortages in the agriculture sector – how resilient is our food system?...
CME update: cattle futures dive on coronavirus pandemic
US cattle futures tumbled as concerns mount over skyrocketing unemployment and a possible recession as the coronavirus pandemic continues....
02 April 2020
US Senators urge delay to USMCA implementation
A bipartisan group of 19 US Senators urged the Trump administration to delay the planned 1 June start date for USMCA, saying that the short implementation period would pile pressure on US companies facing tough times due to coronavirus....
CME update: cattle futures sink by their daily limits on coronavirus worries
US cattle futures post limit losses on 1 April as more stringent coronavirus emergency measures slam stock markets and stoke worries of a global recession....
01 April 2020
Irish farmers petition European Commission to suspend non-EU beef imports
The Irish Farmers’ Association has submitted a letter to the Government and European Commission urging a halt in beef exports from outside Europe....
Australia subsidises air freight for agriculture exports to offset pandemic
On 31 March, Australia’s government said it will spend A$110 million ($67.4 million) to subsidise air freight for exports of agricultural products like beef and dairy after flight disruptions due to the ongoing coronavirus pandemic....
CME update: cattle futures rebound as the quarter closes
US live cattle futures rose, nearly meeting their 3-cent daily limit on 31 March....
31 March 2020
New US poll sheds light on farmers’ COVID-19 concerns
Nearly 90 percent of farmers surveyed indicate they are at least somewhat worried about the impact COVID-19 will have on their business. More than 50 percent are very or extremely worried about the potential impact, according to a US farmer survey conducted...
NFU provides new service to report how coronavirus impacts UK farming
A new online service aimed at capturing farm business issues related to coronavirus has been launched by the NFU....
Increased demand for ground beef signals trouble in the next two weeks
Though massive demand from shoppers for meat and other products might mean big profits for manufacturers, the truth is more complicated. ...
CME update: cattle futures ease on concerns of slaughterhouse closures
US cattle futures weakened on 30 March as concerns mounted over slaughterhouses closures due to coronavirus....
US Senators question meat packers’ surging profits during COVID-19
US Senators are calling for investigations of beef processors’ record profit margins after market shake up....
30 March 2020
Brazil’s beef exports to China trend upward for March
China has resumed importing high quantities of Brazilian meat after slowing imports during the first two months of 2020....
CME update: cattle futures dive as erratic trade continues
US cattle futures tumbled on 27 March as worries of contracting beef demand and fears that COVID-19 could close slaughterhouses intensified....
27 March 2020
Despite steady trade flows, JBS anticipates a drop in exports as coronavirus worsens
Meat packing giant JBS has said that the current pandemic could lead to container shortages, port disruptions and other logistical challenges....
USDA makes the federal loan process more flexible
US farmers facing financial difficulty due to coronavirus will be able to access more flexible federal loans....
US cattle futures tumble as panic buying slows
CME traders report that the daily limit falls signal that consumers are no longer stockpiling meat....
Argentina mulls port closures, signalling potential pressure on grain used in cattle feed
Argentine grains port workers have requested that exports be suspended during the pandemic....
26 March 2020
CME update: cattle futures end mostly lower, signalling an end to the surge
Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on 25 March for the first time in five sessions....
JBS quarterly net income skyrockets by over 300 percent
Meat packing giant JBS SA reports quarterly net profit of 332 percent over the prior-year period, citing surging sales to China....
NCBA advocates economic relief for the beef supply chain in relief bill
After the US Senate passed coronavirus relief legislation, the NCBA issued the following statement. ...
NFU US welcomes stimulus bill
New stimulus bill would address the most urgent concerns for family farmers and rural hospitals, says NFU....
25 March 2020
Australia’s livestock producers could face restocking issues as coronavirus closes borders
As Australia closes borders and moves into lockdown, farmers face an uphill battle to keep producing food....
Cattle futures rise to meet their daily limits as demand and packer margins strengthen
US cattle futures rose to meet their expanded daily limit on 24 March as traders reacted to soaring profit margins for beef packers....
USDA and US Trade Representative announce progress on farm provisions of the US-China trade deal
The United States and China have made progress in implementing the agriculture-related elements of the US-China trade deal....
24 March 2020
US cattle futures soar and beef prices increase
US live cattle futures rose to their daily limit on 23 March as strong packer margins, increasing wholesale beef prices and expectations of higher cash cattle prices this week emerge....
 
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