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TheBeefSite Latest News: United States

01 April 2020
View news from United States 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
View news from United States 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...
View news from United States JBS cuts production at US facility as precaution
JBS will reduce beef production for two weeks at a Pennsylvania plant after managers displayed flu-like symptoms. ...
View news from United States 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....
View news from United States 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
View news from United States 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
View news from United States 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....
View news from United States US cattle futures tumble as panic buying slows
CME traders report that the daily limit falls signal that consumers are no longer stockpiling meat....
26 March 2020
View news from United States 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....
View news from United States 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. ...
View news from United States 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
View news from United States 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....
24 March 2020
View news from United States 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....
View news from United States As coronavirus bolsters meat demand, processors approve pay raise for North American farmers and workers
On 23 March, North American meat processors agreed to pay extra money to farmers and slaughterhouse workers as companies struggle to meet surging demand from consumers who are stockpiling meat....
23 March 2020
View news from United States US cattle futures rally on Friday as cash market strengthens
US livestock futures rose on Friday as the market tried to recover from its steep discount to the cash market....
20 March 2020
View news from United States Analysts expecting sharp decline in cattle placements
US - "Cattle on Feed" for February will be released today (Friday, 20 March). February was a leap year but slaughter days were identical to last year, according to Steiner Consulting Group, DLR Division, Inc....
View news from United States 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
View news from United States 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....
View news from United States 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....
18 March 2020
View news from United States US Cattle futures regain ground
US cattle futures surged yesterday as consumers stocked up at grocery stores over the weekend....
17 March 2020
View news from United States 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....
View news from United States 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....
View news from United States US under pressure to keep slaughterhouses open amid pandemic
The USDA hopes to reassure meat producers that it will keep slaughterhouses staffed with federal inspectors as fears of potential shutdowns due to the novel coronavirus mount....
16 March 2020
View news from United States 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....
View news from United States 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....
15 March 2020
View news from United States Non-pharma solutions to scours are effective and more sustainable
Thanks to education and development of new products, tremendous strides have been made in reducing the severity and number of calves lost due to the main causes of calf scours....
13 March 2020
View news from United States NFU makes strides in addressing farmers' mental health
Training session prepares Farmers Union members to respond to farm stress....
12 March 2020
View news from United States 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...
 
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