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Cattle Industry News By Category: Economics

13 December 2019
CME: Beef Export Report Leans a Bit Bearish
US - USDA issued this morning its weekly beef and pork export report (there is no such report for poultry). Our first take was that the report was somewhat neutral for pork (positives and negatives cancelled out) but leaned a bit bearish for beef,...
NFU Board Backs Amended USMCA
US - In a closely divided vote, the National Farmers Union (NFU) Board of Directors opted to support an amended US-Mexico-Canada Agreement (USMCA) released earlier this week....
IFA: Minister Must Call in Processors, Retailers on Beef Price
IRELAND - Following a meeting with the Minister for Agriculture Michael Creed yesterday, IFA President Joe Healy said the Minister has to immediately call in the processors and retailers and tell them that the beef price to farmers has to improve....
12 December 2019
IFA Blocks Dunnes Goods Depot as Part of Beef Campaign
IRELAND - IFA President Joe Healy has accused Dunnes Stores of being part of a race to the bottom with their discounting policy which has a direct and negative impact on the prices farmers get for their produce....
Japan Farm Minister Stresses Safety of Wagyu Beef
JAPAN - Agriculture minister Taku Eto stressed the safety of wagyu beef during a visit with Beijing’s top diplomat in Japan to a cutting-edge meat-processing plant with stringent hygiene controls on Wednesday, as Tokyo hopes to resume exports of the...
US Regains Dominance in Korea’s Imported Beef Market
SOUTH KOREA - Beef imported from the United States increased significantly, accounting for over 50 percent of South Korea’s imported beef market this year, a trade promotion agency said....
Deadline Approaching for 2019 Scottish Suckler Beef Support Scheme
SCOTLAND - Eligible farmers and crofters are reminded to apply to the Scottish Suckler Beef Support Scheme (SSBSS) before the deadline of 31 December 2019....
11 December 2019
Meat Prices Go Up in Dar Amid Falling Cattle Supply
TANZANIA - Rising demand for meat, compounded by low cattle supplies, has pushed meat prices up in Dar es Salaam, with analysts projecting that a kilogramme of beef will cross the Sh10,000-mark during the festive season....
Focus on Food Security, Sustainability
GLOBAL - The number of malnourished people is increasing worldwide. More than two billion people suffer from a lack of micronutrients. Infant mortality rates are unacceptably high. Against this background, there is a need for the global pooling of research...
IFA Says Beef Farmers Should Not Accept Prices on Offer from Factories
IRELAND - Beef farmers should not accept the current beef price on offer from the factories and demand a lot more according to the IFA President Joe Healy....
10 December 2019
CME: Beef, Veal Exports Track Below Year Ago Levels
US - USDA Economic Research Service (ERS) released the October meat trade data on 6 December 2019. Beef and veal exports have been tracking below year ago levels for each month this year, according to Steiner Consulting Group, DLR Division, Inc....
Japan Hopes to Double Wagyu Beef Output
JAPAN - The government said Tuesday it hopes to double the country’s output of wagyu beef, known for its tenderness and marbled fat, to 300,000 tons by fiscal 2035 amid rising overseas demand....
Tyson Looks to Expand Beef Operations Internationally
US - Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc. yesterday signed an agreement with the Republic of Kazakhstan and private holding company Kusto Group to collaborate on a project that, in its initial phase, could lead to...
09 December 2019
CME: Decline in Total Weights of Slaughter Cows in 2019
US - This publication covers the 90s market quite regularly, but another subset of the cow market that has gained steam this year is premium whites, writes Steiner Consulting Group, DLR Division, Inc....
US Beef Exports Down from Last Year
US - October beef exports were below the very high totals posted a year ago, according to data released by USDA and compiled by USMEF....
IFA Campaign for Higher Beef Prices Continues with Blockade at Tesco
IRELAND - IFA this morning blockaded the Tesco central distribution centre in Donabate, Co Dublin as part of the ongoing farmer campaign for an increase in beef prices....
EU Not Ready to Import Nhabe Beef
BOTSWANA - The European Union's (EU) Head of Cooperation, Mr Federico Berna says EU markets are not ready to import beef from the Ngamiland region....
06 December 2019
CME: Choice-select Boxed Beef Spread Above Same Week Last Year
US - The choice-select boxed beef spread was $21.07 the last week of November, this was 47 percent above the same week last year, according to Steiner Consulting Group, DLR Division, Inc....
Global Food Prices Jump in November
GLOBAL - World food prices rose significantly in November, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils....
IFA Campaign for Beef Price Increase Continues with Blockade in Cork
IRELAND - IFA has stepped up its campaign for an increase in the price of beef by blockading the Lidl distribution centre in Charleville, Co Cork this morning....
05 December 2019
CME: COF Report Skewed Toward Lower End of Pre-report Estimates
US - Last week, this publication noted that placements in October were rumored to be quite large, but that the "Cattle on Feed" report skewed toward the lower end of pre-report estimates, according to Steiner Consulting Group, DLR Division, Inc....
Tyson's Kansas Beef Plant to Resume This Month
US - Following the 9 August fire that disrupted operations at its Holcomb, Kansas beef complex, Tyson Fresh Meats, last month made an announcement that reconstruction of the facility is near completion. ...
IFA Blocks Retail Distribution Centre to Highlight Broken Beef Supply Chain, Demands Immediate Price Increase
IRELAND - The IFA this morning protested at the Aldi distribution centre in Naas, Co Kildare, demanding a significant and immediate beef price increase to bring the Irish beef price at least in line with the Bord Bia European Export Benchmark Price Index....
Japan Parliament Approves US-Japan Trade Agreement; Positive News for US
US - On 4 December, the Upper House of the Japanese Parliament approved the US-Japan trade agreement, which will greatly improve access for US red meat in Japan. ...
Canadians Celebrate St Andrew’s Day with Scotch Beef PGI
CANADA - One of Scotland’s most iconic foods, Scotch Beef PGI, has taken centre stage at a celebratory event in Canada to celebrate St Andrew’s Day....
04 December 2019
CME: Beef Retail Activity for W47 Above Last Year's Level
US - The retail feature activity index reported by USDA is publicly available information that tracks the weekly features of retail and some private stores, writes Steiner Consulting Group, DLR Division, Inc....
IFA President Makes Price Increase Priority at Beef Task Force
IRELAND - The IFA President Joe Healy said IFA made an immediate and significant cattle price increase the priority issue at the Beef Task Force meeting in Dublin yesterday....
03 December 2019
CME: Beef Prices Slightly Volatile During Holiday Week
US - While beef prices tend to be a bit volatile during the holiday week, they don’t face the same sort of constraints as pork, reports Steiner Consulting Group, DLR Division, Inc....
 
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