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Cattle Industry News By Category: Economics

20 March 2020
Angola receives cattle from Chad to repay $100m debt
ANGOLA - Angola has received, through the Luanda port, the first batch of 75,000 head of cattle from Chad as repayment for $100 million debt....
Farming priority must be to keep industry operating, good moving, says IFA
IRELAND - IFA President Tim Cullinan said that farmers and everybody involved in the sector needs to fully observe all HSE protocols and do everything they can to minimise risk, so processors, co-op stores and marts can be kept operating....
Cattle futures rebound as grocery demand intensifies
US livestock futures rose on Thursday as part of a broad recovery in the agriculture markets stemming from oil gains and export hopes....
19 March 2020
Onus on meat factories to act responsibly
IRELAND - IFA National Livestock Chairman Brendan Golden said factories are paying a base price of €3.65/€3.70 for steers this week and €3.75 for heifers in places....
“Misled” shareholders of Brazil’s JBS seek over $270 million in damages
A group of shareholders in JBS SA began arbitration proceedings against the company, stating they were misled after the company’s IPE in Brazil back in 2007....
CME update – cattle futures fall as consumer demand falters
US livestock futures fell yesterday due to steep declines in the equities markets and uncertainty about consumer demand due to the ongoing pandemic....
Increased calls for debt and loan relief for US farmers as coronavirus spreads
US livestock producers and the American Farm Bureau Federation are urging the USDA to allow deferments or adjustments on government loans as the coronavirus hits the reeling farm economy....
Climate, food and national security at a crossroads
In this podcast, ffinlo Costain interviews Caitlin Werrell, co-founder of the Centre for Climate and Security and Rear Admiral Neil Morisetti, the UK's former Climate, Energy and Security Envoy, to explore the relationship between climate change, the...
18 March 2020
US Cattle futures regain ground
US cattle futures surged yesterday as consumers stocked up at grocery stores over the weekend....
17 March 2020
Cattle, hog futures collapse in last two weeks
US - Pork, beef and chicken production continues to run significantly above year ago levels, in part because packer margins remain in excellent shape as retail demand has been quite strong, according to Steiner Consulting Group, DLR Division, Inc....
Australia announces new stimulus to shield farmers from COVID-19 fallout
Australian Government announces stimulus package to assist farm business as part of a strategy to counteract the economic shock of COVID-19. ...
US cattle futures dive to 10-year low
US cattle futures fell to their lowest in nearly a decade as traders react to uncertain long-term demand as the coronavirus pandemic progresses....
16 March 2020
COVID-19 affecting cattle futures
US - The spread of Coronavirus into a global pandemic has so far impacted both lean hog and cattle futures, reports Steiner Consulting Group, DLR Division, Inc....
Botswana to liberalise beef exports, says minister
BOTSWANA - Botswana will open up its beef industry to allow farmers to export their meat directly, the minister of agricultural development and food security told parliament late on Thursday....
UK-US beef protocol positive result for NI beef farmers, says UFU
UK - The Ulster Farmers’ Union (UFU) beef and lamb chairman Sam Chesney said the announcement of the UK-United States beef protocol is a positive result for Northern Ireland (NI) beef farmers and the timing of this could not be more fitting....
NFU says Packers and Stockyards Act lacks teeth to provide basic needed protections to farmers
US - A rule proposed by the US Department of Agriculture (USDA) would undermine the intent of the Packers and Stockyards Act, according to comments submitted on Friday (13 March) by National Farmers Union (NFU) President Rob Larew....
IFA: collective effort needed to deal with COVID-19 challenge, farmers entitled to illness benefit if affected
IRELAND - IFA President Tim Cullinan has said a collective effort will be needed to deal with the challenge of COVID-19....
13 March 2020
Belarus ready to supply meat, dairy products to Mozambique
BELARUS - Belarusian companies are ready to supply meat and dairy products, as well as other farm produce to Mozambique....
Beef Environmental Efficiency Programme (SUCKLERS) open for applications
IRELAND - The Department of Agriculture, Food and the Marine informed farmers and advisors that the application process for the Beef Environmental Efficiency Programme (BEEP (SUCKLERS)) for 2020 opened yesterday, (Thursday, 12 March)....
12 March 2020
USDA increases forecast for 2020 beef production
US - Even as pork production is up significantly from a year ago, supply availability in the US market has not increased much due to sharply higher exports (mostly to China) and a double digit decline in imports. That has not been the case for beef...
Govt probes sale of meat from dead cattle
ZIMBABWE - The government has instituted investigations into the sale of contaminated meat by some abattoirs, butcheries and illegal meat traders, which is putting the lives of the public at risk....
US opens market to UK beef exports
UK - Beef from the UK could soon be heading to America after government officials agreed the next step of an export deal worth around £66 million over the first five years....
11 March 2020
US beef exports trend higher
US - Following a record-breaking performance in 2019, January US beef exports were higher year-over-year, according to data released by USDA and compiled by USMEF....
QMS launches new "Make it" campaign
SCOTLAND, UK - Two of Scotland’s finest ingredients, Scotch Beef PGI and Scotch Lamb PGI, are set to be in the spotlight in the coming weeks as Quality Meat Scotland (QMS) launches it’s new 'Make it' campaign....
Cattle futures rebound on Wall Street
After an unsteady trading day on Monday, US live cattle futures rebound as the world's leading economies make moves alleviating coronavirus fears. ...
Beefing up efficiency
There is "considerable opportunity" to improve the efficiency of the beef sector in Scotland, according to new research published by Scotland’s Rural College....
10 March 2020
Highest US cattle imports from Mexico in January 2020
US - Last Friday (6 March), USDA Foreign Agricultural Service (FAS) released monthly trade data for January 2020. This DLR will focus on livestock trade in 2019 and the month of January 2020, writes Steiner Consulting Group, DLR Division, Inc....
US beef takes up 53 percent of Korean import market in 2019
SOUTH KOREA - The United States accounted for more than half of the South Korean market for imported beef last year, data showed Monday, widening the gap with its top rival, Australia....
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