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Cattle Industry News By Category: Economics

06 July 2020
Meat processors are driving farmers out of business - IFA
Irish Farmers Association President Tim Cullinan says factories have to stop driving farmers out of business and increase beef prices to fair levels. ...
05 July 2020
Latest AHDB outlooks outlines farming’s potential future
The impact of the COVID-19 crisis, unusually dry weather and uncertainty surrounding the UK’s future trading relationships are all explored in the latest Agri-Market Outlook....
04 July 2020
Renderers welcome increased trade from USMCA
The United States-Mexico-Canada Trade Agreement (USMCA) went into full force this week, marking the start of a new chapter for North American trade and leading to greater reciprocal fair trade among these nations. ...
03 July 2020
China puts additional tariffs on Australian beef
China has increased tariffs on Australian beef imports and hints at increased tariffs on whole milk powder later in 2020....
CAP framework will stay until 2022 - European Council
The European Council will extend current Common Agriculture Policy rules until the end of 2022. ...
02 July 2020
June world food price index sees its first increase in 2020
The UN Food Agency reports that world food prices rose in June, marking their first increase of 2020 and rebounding after steep falls triggered by the coronavirus crisis....
CME update: live cattle futures rise as new quarter opens
US live cattle futures closed higher on 1 July on technical and speculative buying at the start of a new month and new quarter....
USMCA hailed as a huge win for US agriculture
The United States-Mexico-Canada Agreement (USMCA) went into effect on 1 July, replacing NAFTA. ...
EU Farmer Confidence Barometer explores the phenomenon of "agri-bashing"
Over 30 percent of French and German farmers are reported as feeling demotivated because of “agri-bashing”. ...
01 July 2020
Researchers measure EU farmer confidence in the early stages of COVID-19
The EU Farmers Confidence Barometer survey was carried out over the first semester of 2020 across ten EU Member States and showed a slight lift in farmers’ moods compared to that of autumn 2019. ...
USMCA launches amid increasing threat of disputes
The revamped trade agreement between Mexico, Canada and the United States takes effect on 1 July....
UK vows to uphold its food standards in US trade talks
On 30 June, the UK government said it would not compromise on environmental protection, animal welfare and food safety standards in talks with the United States as the parties negotiate a post-Brexit trade deal....
CME update: cattle futures sink as corn prices skyrocket
US cattle futures drifted lower on 30 June, facing pressure from a surge in Chicago Board of Trade (CBOT) corn futures that will likely squeeze profit margins for livestock producers....
30 June 2020
CME update: cattle futures make modest gains after last week’s slides
US live cattle futures closed slightly higher on 29 June, bouncing back from early declines and firming on technical buying before the end of the month and quarter....
New BMPA report offers solutions to meat industry labour challenges
In a new report submitted to the UK's Migration Advisory Committee by the British Meat Processors Association, the BMPA offers solutions to the sector's recurring workforce challenges. ...
Reaction to UK's announcement of Trade and Agriculture Commission
The British Veterinary Association and NOAH welcome the formation of the new Trade and Agriculture Commission, and stress that animal health and welfare must be safeguarded. ...
Agriculture sector must renew the fight against climate change
Syngenta Groups stresses that the agriculture sector's resilience has been tested by the coronavirus crisis, making the fight against more climate change more vital than ever. ...
29 June 2020
NFU welcomes formation of Trade and Agriculture Commission
UK NFU hails the government's concrete action towards safeguarding the UK's food standards as trade talks ramp up. ...
US food exporters sign safety declarations instead of virus-free guarantees
US food and feed exporters are shipping goods to China with letters assuring the safety of their cargo instead of the official virus-free declarations required by Chinese authorities....
Trade group reports that US food suppliers are foregoing China contracts over COVID-19 hurdles
An industry group representing US agriculture producers says that Chinese demands that overseas suppliers guarantee that their shipments are free from COVID-19 contamination are making some shippers forego trading with China....
CME update: cattle futures dip, reacting to pressure from the hog market and restaurant closures
CME live cattle futures dropped on 26 June as traders faced questions about beef demand as COVID-19-related restaurant closures appear more likely....
26 June 2020
COVID-19 has killed 93 meat plant workers across the US
UFCW, the largest meatpacking union in the US, reports that at least 65 meatpacking employees and 28 food processing workers have died from the novel coronavirus....
FDA and USDA issue joint statement on import restrictions and COVID-19
USDA and FDA reiterate that there is no evidence of people contracting the novel coronavirus from food or food packaging. ...
25 June 2020
US Senators grill meatpackers over exports to China during coronavirus crisis
Two Senate Democrats are questioning America’s top meatpackers to disclose how much pork, beef and chicken they shipped to China during the coronavirus outbreak before the end of the month....
US NFU advocates for carbon markets
NFU President Rob Larew testifies before Senate Agriculture Committee on the Growing Climate Solutions Act, saying that carbon markets contribute to the financial and environmental stability of family farm agriculture. ...
24 June 2020
Multiple Brazilian meat exporters sign Chinese customs declarations
Brazilian beef, pork and chicken exporters have signed declarations stating that goods heading to China are free from coronavirus contamination, as per requests from Chinese authorities....
CME update: cattle futures firm as cold storage supplies decline
US live cattle futures rose on 23 June after two sessions of declines....
23 June 2020
China says Brazilian beef exporter voluntarily suspended exports due to COVID-19 infections
Brazilian beef exporter suspends shipments to China due to novel coronavirus outbreaks at meat plants....
 
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