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Cattle Industry News By Category: Economics

13 February 2020
Fear of BSE keeps EU food standards high
Memories of the 1990s mad cow disease crisis means the EU will likely reject US demands for relaxing strict food safety rules, even with President Trump threatening tariffs on cars if EU countries don't begin imports of more US farm products. ...
11 February 2020
CME: US Imports Measurable Amounts of Beef in CY19
US - In calendar year 2019, the US imported measurable amounts of beef from 18 countries, based on summarising the monthly data provided by USDA’s Economic Research Service, according to Steiner Consulting Group, DLR Division, Inc....
New Range of PGI Welsh Beef Launched at Aldi
WALES, UK - NFU Cymru has welcomed yesterday's announcement by Aldi that it is to stock PGI Welsh Beef across all of its 50 Welsh stores from 12 February 2020....
President’s Budget Shortchanges Farm Programmes for Fourth Year in a Row
US - President Donald Trump yesterday released his proposed spending for fiscal year 2021. The $4.8 trillion budget would cut both mandatory and discretionary funding for the US Department of Agriculture (USDA) and other federal agencies while boosting...
Cattle Producers Ready to Capitalise on Expanded Access in Asia
US - Expanded opportunities for US beef exports were top-of-mind for thousands of cattle producers and other beef industry leaders who gathered in San Antonio last week for the annual Cattle Industry Convention. ...
10 February 2020
CME: Total Beef Exports for December Up from Last Month
US - Monthly trade statistics were released by USDA FAS on a product weight basis on 5 February 2020. The next day, USDA ERS released trade statistics on a carcass weight basis, reports Steiner Consulting Group, DLR Division, Inc....
Edinburgh University Students Vote to Reject Ban of Beef Products
SCOTLAND, UK - Nearly 6,000 students voted in a referendum on the issue last week....
US Beef Export Value Again Tops $8 Billion
US - Exports of US beef were below the previous year’s record levels, according to data released by USDA and compiled by USMEF....
07 February 2020
Farmers, Crofters Need to be Given Tools to Succeed, Says NFUS President
SCOTLAND, UK - Speaking at NFU Scotland’s Conference, President Andrew McCornick has called on legislators and policy makers to deliver for Scottish agriculture as Brexit enters its final stage...
06 February 2020
Tyson Reports Decreased Sales Volume Due to Reduced Live Cattle Harvest Capacity
US - Tyson Foods today reported that beef sales volume decreased due to a reduction in live cattle harvest capacity as a result of a fire that caused the temporary closure of a production facility for the majority of the first quarter of fiscal 2020....
05 February 2020
NFU Pushes Back on Trump's State of the Union Claims
Rural America hasn’t Felt the “Great American Comeback” touted by Trump...
Walmart’s entrance into beef supply chain not expected to drive near term changes to cattle industry
If beef strategy proven successful, more significant investments, vertical integration and market entrants may follow....
04 February 2020
CME: Little Impetus for Growth in US Cattle Industry
US - According to the latest USDA semi-annual 'Cattle Inventory' report, the total inventory of cattle and calves as of 1 January 2020 was estimated to be 94.413 million head, 0.4 percent lower than the previous year, reports Steiner Consulting Group,...
Cattle Finishers Demand More on Beef, IFA Reports
IRELAND - IFA National Livestock Chairman Brendan Golden said cattle prices are continuing to rise, but much too slowly for finishers, who need a substantial price lift at this stage....
Beef Consumption Drops to Lowest Level in Argentina
ARGENTINA - Argentines, who have long been among the world’s most voracious meat eaters, can no longer afford to binge on their own beef....
USDA Issues Third and Final Round of Trade Assistance
US National Farmers Union lobbies for long-term solutions for the farm economy's woes. ...
03 February 2020
CME: Year-on-year Declines Expected for Almost All Categories of US Cattle Herd
US - USDA published its semi-annual estimates of the US cattle herd and various inventory subgroupings on Friday (31 January), reports Steiner Consulting Group, DLR Division, Inc....
Exports, Imports Help Bring Value to Beef Industry: Cattlemen’s Beef Board CEO
US - Beef exports and imports are certainly a challenging topic to tackle for American cattle farmers and ranchers, but are an integral part of the beef industry in the United States, says Greg Hanes, Cattlemen’s Beef Board CEO....
Argentina Seeks to Expand Beef Price Caps as Consumption Sinks
ARGENTINA - Argentina’s Production Ministry is looking to add more cuts of beef to a price-control system in a bid to make red meat more affordable amid rampant inflation, according to a ministerial official....
Brexit Day Signals Fresh Lobbying Impetus
SCOTLAND, UK - Following three and a half years of political stagnation, the UK finally left the European Union at 11pm on Friday, 31 January....
31 January 2020
Agriculture has Taken a Financial Hit, Says UFU
NORTHERN IRELAND, UK - The Ulster Farmers’ Union (UFU) says the Northern Ireland agriculture industry has taken a significant financial hit in the past year with virtually all farm commodities seeing a decrease on average regarding farm income....
How UK Conservatives are protecting the farming sector after Brexit
In this podcast, ffinlo Costain sits down with Sam Hall, the Director of the Conservative Environment Network (CEN), to discuss the network’s plans for the UK’s food production, agricultural land use and the environmental opportunities arising from...
Mongolia Approves National Programme to Promote Livestock Husbandry
MONGOLIA - Mongolia on Wednesday approved a national programme to promote the development of livestock husbandry, Xinhua reported with reference to the government's press office....
Beef, Pork Wholesale Prices Going Down in Armenia
ARMENIA - Beef and pork wholesale prices have dropped significantly in recent days, Zhamanak reported on Friday....
Japan's Beef, Pork Imports Grow in 2019 Under Pacific Free Trade Deal
JAPAN - Japan imported more beef and pork in 2019 than the previous year, largely due to a trans-Pacific free trade agreement, government data showed Thursday, signaling challenges facing domestic farmers amid the influx of cheaper imports....
Party Leaders Commit to Increased Direct Support for Sucklers
IRELAND - IFA National Livestock Chairman Brendan Golden said the IFA have received clear commitments from the Taoiseach Leo Varadkar and the leader of Fianna Fail Micheál Martin that there will be no cuts to the suckler cow herd and they will increase...
30 January 2020
USMCA Nears Completion with US President's Signature
US - During a ceremony held yesterday (29 January) at the White House, President Donald Trump signed the US-Mexico-Canada Agreement (USMCA) into law. Though the agreement has already been approved by Mexico, it will not be fully implemented until it is...
Records All Round for Dairy, Meat Exports
NEW ZEALAND - The first four months of the 2019/20 dairy export season has set records, boosted by higher prices and volumes, according to a report by Stats NZ....
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