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Cattle Industry News By Category: Economics

16 April 2020
CME update: cattle futures stabilise amid further meat plant shutdowns
US cattle futures recovered on 15 April as markets advanced from recent losses that traders believe dropped prices too far below the cash markets....
Argentina’s grain sector braces for its first coronavirus case
Argentina is waiting for the first COVID-19 case to be confirmed among the thousands of port labourers and grains handlers who work in the country’s key agricultural export sector....
15 April 2020
COVID-19-related cattle industry losses in the US estimated at $13.6 Billion
A recent study estimates that cattle industry losses stemming from the coronavirus pandemic will reach $13.6 billion....
Trump administration faces mounting pressure to buy food for the needy and cut waste
The US administration is facing increased pressure to purchase more meat, dairy and produce for food banks as farmers dump and destroy goods due to reduced restaurant demand because of coronavirus....
CME update: cattle futures rise on hopes that US slaughterhouses will reopen
US cattle futures rose on 14 April reversing recent losses....
14 April 2020
Brazil and Argentina’s agricultural heartland suffer prolonged drought
Parts of South America’s farm belt are being hammered by a drought that threatens to curb harvest yields....
CME update: cattle futures sink further as COVID-19 closes more meat processors
US Livestock futures plunged on 13 April as worries of reduced meat processing capacity clouded the market....
13 April 2020
China’s US ambassador says trade deal is being implemented
China is still implementing the first phase of the US-China trade deal, but hopes for a coordinated response to address the pandemic....
10 April 2020
CME update: cattle futures slip as market roils from coronavirus
US Livestock futures slid again on 9 April as market volatility due to coronavirus raised concerns of meat packing closures and surging beef stocks....
Pandemic poised to reshape agriculture, trade and views of globalisation
Researchers at Virginia Tech find that COVID-19 has raised questions about diversifying suppliers for world agricultural trade despite US-China trade deal progress. ...
09 April 2020
USDA announces investigation into surging beef prices and flatlining cattle prices during pandemic
USDA Secretary Sonny Perdue will investigate why a sudden rise in beef prices due to coronavirus hoarding didn’t translate into higher cattle prices for farmers....
How to support British livestock farmers
NFU and NFU Cymru are urging retailers and processors to support British beef and sheep farmers by promoting cuts of meat such as steaks and roasting joints in stores, which are now in high supply due to the complete loss of the food service market....
CME update: US cattle futures rally due to bargain-buying
US cattle futures rose for a second session on 8 April as investors took advantage of steep discounts in futures prices....
08 April 2020
Farmer sentiment plummets as coronavirus concerns rise
The Purdue University/CME Group Ag Economy Barometer recorded its largest one-month drop in sentiment during March....
US NFU urges farm relief from USDA
According to the US National Farmers Union, the USDA must distribute assistance to farmers and rural communities as quickly and fairly as possible. ...
EU farm chief delays import curbs and green reforms
The European Union’s chief agriculture official said it was premature to restrict beef imports after industry groups called for additional support measures while battling COVID-19....
Cargill shutters processing plant due to coronavirus
Meat packing giant Cargill has shut a plant that serves grocery stores due to COVID-19....
CME update: cattle futures ramp up as investors take advantage of discounts
US livestock futures surged on 7 April as steep discounts in futures prices lured investors to buy back in....
07 April 2020
South Africa earmarks $64 million for small-scale farmers as lockdown continues
South Africa has agreed to set aside 1.2 billion rand ($64 million) to assist small-scale farmers and support food production as a nationwide lockdown stretches on....
CME update: US live cattle futures dive as markets become more uncertain
US live cattle futures fell to their daily trading limit on 6 April – prices for the front-month contract hit their lowest levels since December 2009....
06 April 2020
US Farm Bureau tells USDA to help US farmers immediately
The American Farm Bureau Federation has urged the USDA to make special direct payments to dairy producers, livestock farmers and cattle ranchers....
CME update: cattle futures sink as coronavirus measures upend markets
US cattle futures fell on Friday 3 April as measures to control to COVID-19 pandemic closed schools and restaurants and sent US unemployment rates skyrocketing....
Delving into “less and better” meat
When talking about sustainable meat, we often hear the phrase “less and better” as the guiding principle – but what does that mean in reality?...
CoBank Quarterly: coronavirus pandemic and economic restrictions upend markets, industries and communities
Labour and supply chains among the biggest challenges facing essential rural industries both in the US and globally....
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....
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