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Cattle Industry News By Category: Economics

28 February 2020
Hotpot festivals in Shanghai stores highlight US beef alternative cuts
CHINA - Focusing on top blade, rib fingers, hanging tender and other cuts used in popular hotpot dishes, USMEF recently partnered with one of China’s largest retail food chains to demonstrate the advantages of alternative cuts of US beef. Funded by...
Brazil’s beef exports expected to fall amid reduced Chinese demand due to coronavirus
Market outlook predicts a fall in Chinese beef imports as the coronavirus outbreak effects global movement and trade. ...
27 February 2020
CME: cattle futures shrug off bullish implications of latest COF report
US - Cattle futures largely shrugged off the somewhat bullish implications of the latest "Cattle on Feed" report, instead focusing on broader macro events as well as disappointing prices for both cash cattle and wholesale beef, reports Steiner Consulting...
Levy boards extend collaborative work
SCOTLAND, UK - A larger pot of £3.5 million has been committed to ring-fenced fund (RFF) work between levy boards in England, Scotland and Wales in the coming year....
Flooding, food standards and environmental land management – Defra Minister George Eustice addresses the UK’s NFU Conference
The NFU Conference political session, held on 26 February, gave recently appointed Defra Minister George Eustice an opportunity to share his vision for the future of UK farming. ...
26 February 2020
CME: combined beef, pork, chicken inventory higher than a year ago
USDA issued the results of its monthly survey of cold storage warehouses. Participants have well-formed expectation about output in a given month and knowing how much was carried over from the previous month helps better shape the supply picture, writes...
Zimbabwean cattle farmers face tough choices
Cattle have long been a symbol of wealth in Zimbabwe. But these days, in the chaos of the struggling economy and the increasing impact of climate change, cattle farmers face a difficult choice: sell off their herd or butcher them to sell the meat....
Irish, UK farmers have common cause on high food standards, says IFA
IFA President Tim Cullinan, who attended the National Farmers Union Conference in Birmingham yesterday, said that it’s clear that Irish and UK farmers have a common cause on high UK food standards and fair competition....
Cattle Markets Experience Losses Amid Coronavirus Fears
CME live and feeder cattle futures fell sharply for a second consecutive day as fears of a coronavirus pandemic raised concerns about slowing demand and stifled global economic growth. ...
25 February 2020
CME: overall COF report in range of pre-report estimates
USDA’s National Agricultural Statistics Service (NASS) released the monthly US "Cattle on Feed" report on Friday, reports Steiner Consulting Group, DLR Division, Inc....
Meat commission negotiates more beef markets
Botswana Meat Commission (BMC) is in talks over possible beef export to Russia and the US, in addition to advanced negotiations to export to China....
China lifts ban on US beef imports in accordance with phase-one deal
China lifted a 19-year import ban on US beef, giving the US farmers much broader access to China's rising market, which is also in accordance with the agreed phase one trade deal signed in January....
24 February 2020
CME: Corn Futures Loses Some Ground
US - On Thursday, USDA held their Annual Ag Outlook Forum and released estimates for the 2020/21 planting season for corn and soybeans, reports Steiner Consulting Group, DLR Division, Inc....
NFU USA advocates for a publicly accessible and transparent process for future trade deal assistance
After reports that recent trade deals may have a more modest impact on agricultural exports than initially thought, President Trump tweeted that, "aid will be provided by the federal government," if necessary. ...
21 February 2020
Namibia becomes the first African country to export red meat to the US
Following two decades of haggling over safety regulations and logistics, Namibia becomes the first African country to export red meat to the US after it sent 25 tonnes of beef to Philadelphia. ...
CME update - cattle contracts mixed
Chicago Mercantile Exchange shows live cattle futures as lower while feeder cattle contracts edged higher. ...
USDA announces innovation initiative to address climate change
NFU urges agency to take decisive action to address climate crisis. ...
20 February 2020
CME: estimated returns to cattle feeders drop in 2019
US - LMIC estimates average returns to cattle feeders for a typical operation in the Southern Plains feeding 750-pound steers. In 2019, estimated returns were $9.51 per steer, dropping 55.4 percent from 2018’s estimate which was $21.31, reports Steiner...
Trump makes moves on new trade deal with India
US President Donald Trump says a bilateral trade deal between the US and India is coming, but it might be finalised after the November election. ...
Canada's House of Commons expected to approve USMCA by Easter
The Vice President of the Canadian Global Affairs Institute is confident the United States-Mexico-Canada Agreement will be approved by the House of Commons by Easter....
19 February 2020
CME: Increase in 2019 Retail All-fresh Beef Demand Index
US - The Livestock Marketing Information Center (LMIC) calculates demand indexes for beef and pork, writes Steiner Consulting Group, DLR Division, Inc....
18 February 2020
Despite steady consumption, uncertainty still defines the UK beef market.
Beef producers are still sceptical of beef market growth despite early signals of increasing prices....
US milk industry merger nears completion with a $425 million agreement
Dairy Farmers of America will acquire the assets of bankrupt milk processing firm Dean Foods if regulators get on board....
China grants tariff exemptions on nearly 700 US goods
In an effort to support purchases of US goods, the Chinese government will grant exemptions on 696 retaliatory tariffs, the most substantial tariff relief to be offered yet. ...
17 February 2020
CME: US Import Cattle Numbers for 2019
US - Over the years, the North American beef industry has become increasingly integrated and US feedlots and slaughter plants rely on Canadian and Mexican cattle for part of their supply, according to Steiner Consulting Group, DLR Division, Inc....
14 February 2020
CME: Mexican Domestic Beef Consumption Remains Fairly Stable
US - The Mexico office of the USDA Foreign Agriculture Service issued an update last week on the Mexican livestock industry and we thought this is a good time to offer our readers a primer of this important market for the US meat industry, writes Steiner...
13 February 2020
CME: Per Capita Beef Consumption Expected to Decline
US - USDA issued its monthly update of supply/demand projections for 2020. If you were looking at this latest report for a hint of the details in the US-China phase 1 deal, then you will probably be disappointed, writes Steiner Consulting Group, DLR...
US cattle futures rise as part of broad commodity strength
US live cattle futures closed higher on 12 February after a four-moth low as fears over the impact of China’s coronavirus outbreak subside. ...
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