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Cattle Industry News By Category: Economics

09 September 2019
Weather Delays, Brexit Uncertainty Continue to Disrupt Scotland’s Harvest
SCOTLAND, UK - For many Scottish growers, a week of continuous rain has brought harvest to a halt and the volume of rain makes accessing fields with heavy harvesting equipment challenging....
July US Beef Exports Strong
US - Beef exports in July were relatively steady with last year’s strong results, according to data released by USDA and compiled by USMEF....
06 September 2019
CME: July Beef Exports Lower Than a Year Ago
US - Beef exports in July were 89,712 MT, 2.9 percent lower than a year ago, reports Steiner Consulting Group, DLR Division, Inc. ...
Paraguay Beef Exports Down in August
PARAGUAY - Paraguay has experienced a 10 percent decrease in beef exports and 15 percent drop in their value compared to the figures recorded in August 2018, authorized sources reported on Thursday....
Korean Buyers Explore US Beef, Pork Production & Retail Merchandising
US - Encouraging major food retailers in South Korea to offer their customers additional US beef and pork products, USMEF led a team of buyers on a tour of packing plants and supermarkets in Nebraska and Iowa. ...
NFUS Meets PM on Aberdeenshire Farm
SCOTLAND, UK - On a visit to an Aberdeenshire farm, the Prime Minister Boris Johnson has confirmed that the UK Government will accept the funding recommendations of the Bew Review into intra-UK agricultural funding. ...
05 September 2019
BiH to Export 3,000 Tonnes of Beef to Turkey
BOSNIA & HERZEGOVINA - Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina (BiH) Mirko Sarovic agreed on Wednesday in Ankara, at a meeting with the Minister of Agriculture of the Republic of Turkey, Bekir Pekdemirli, to continue...
Farmers Encouraged to Avail of Deadline Extension for BEAM Scheme
IRELAND - IFA National Livestock Chairman Angus Woods said following a request from the IFA, the Minister for Agriculture Michael Creed has made a necessary extension to the closing date for the BEAM scheme, to Sunday (15 September)....
Long Running Union Campaign Finally Secures Deal on £160m for Scottish Farmers, Crofters
SCOTLAND, UK - A long running Union campaign has finally seen a flawed decision on agricultural funding addressed....
04 September 2019
CME: Futures Price Significant Discount for Cattle for Remainder of 2019
US - Despite the disruptions caused by the closure (temporary) of a 5000 head capacity plant in mid-August, fed cattle slaughter has so far managed to stay near year ago levels, reports Steiner Consulting Group, DLR Division, Inc....
03 September 2019
Drop in Beef Exports from Bosnia & Herzegovina
BOSNIA & HERZEGOVINA - Export coverage in the meat industry in Bosnia and Herzegovina (BiH) dropped by about 30 percent in the second quarter of this year, with the worst result being the suspension of the beef export to Turkey....
IFA Calls for Govt Commission of Investigation into Beef Sector
IRELAND - IFA President Joe Healy has called on the Minister for Agriculture Michael Creed to establish a statutory Commission of Investigation into the beef sector to establish processor and retailer margins along the supply chain....
Crucial Role of Non-UK Labour in Scottish Food, Farming
SCOTLAND, UK - A key goal of NFU Scotland is to ensure continued access to non-UK workers, both permanent and temporary, post-Brexit....
Farmers, Butchers Better Equipped to Meat the Market
SCOTLAND, UK - Farmers and butchers now feel better equipped in their livestock and carcase selection to meet the demands of consumers and processors after the Meat the Market workshops hosted Quality Meat Scotland (QMS)....
02 September 2019
CME: October Feeder Cattle Futures Contract Trading at Discount
US - Feeder cattle markets have been buffeted from the wake created by the slaughter plant fire in Holcomb, Kansas two weeks ago, but there is some evidence that some order is taking hold in the market, reports Steiner Consulting Group, DLR Division,...
Ag Minister Urged to Get Meat Factories to Come Forward with Real Proposals
IRELAND - Following Friday's events where farmers were hauled before the courts by meat factories, IFA President Joe Healy said the Minister for Agriculture Michael Creed should stop telling the farm organisations what to do and instead instruct the meat...
30 August 2019
CME: Combined US, Canada Cattle Inventories Slightly Lower in 2019
US - USDA NASS released the US and Canada cattle and hog inventory data on 27 August. The report gives a mid-year snapshot of both cattle and hog inventories in Canada and the US, according to Steiner Consulting Group, DLR Division, Inc....
China's Tariff Rate Adjustment for Australian Beef Not Trade Remedy Measure: MOC
CHINA - China's tariff rate adjustment for Australian beef imports is essentially different from the World Trade Organisation's stipulation of trade remedy measures in the general sense, the Ministry of Commerce has said in a statement....
Jail Threats by Meat Plants to be Fully Resisted by IFA
IRELAND - IFA President Joe Healy said the threat of jailing genuine farmers for protesting outside factories would be fully resisted by IFA....
Scotch Beef Showcased to Japanese Consumers
JAPAN - Scotch Beef PGI is set to make its Japanese screen debut to over 10 million people ahead of the rugby calendar’s most important event....
29 August 2019
CME: Boxed Beef Values Skyrocket Following Tyson Fire
US - With the fire at the Tyson plant, boxed beef values have skyrocketed in the last couple of weeks, reports Steiner Consulting Group, DLR Division, Inc....
Positives of Climate Change? Research Shows Ag, Economic Possibilities
US - Depending on your side of the aisle, climate change either elicits doomsday anxiety or unabashed skepticism. Jason Hubbart, director of Institute of Water Security and Science at West Virginia University, takes a more centered approach....
Mark Wahlberg Gives Menu a Special Scotch Twist for Scotland Food and Drink Fortnight
SCOTLAND, UK - Quality Meat Scotland (QMS) has teamed up with US celebrity restaurant Wahlburgers and Simon Howie – The Scottish Butcher to put a Scottish twist on some American classics in celebration of Scottish Food & Drink Fortnight....
28 August 2019
CME: US-Japan Agreement to Lend Itself to More Favorable Access on Ag Front
US - Trade once again splashed the headlines last weekend. The US and Japan agreed in principle to key pieces of a trade deal which is expected to boost agriculture exports to Japan. Japan purchases about $14 billion in US agricultural products and this...
Australian Beef Exports to China Exceed Yearly Quota Earlier Than Planned
CHINA - The China-Australia Free Trade Agreement (ChAFTA), which took effect in 2015, has achieved positive outcomes in goods and services trading, and has driven the growth of bilateral economic and trade relations, China's Commerce Ministry (MOFCOM)...
IFA Opposes Court Order by Meat Factories Looking to Jail Farmers
IRELAND - IFA understood that meat factories would seek to obtain attachment and committal order in the High Court against farmers who protested at meat plants....
NFUS Urges UK Govt to Urgently Review Stance on Tariffs
SCOTLAND, UK - The UK Government has been urged to scrap its proposed tariff schedule and pursue a post-Brexit approach to international trade that acts in the best interests of Scottish food and farming....
27 August 2019
CME: Inventory of COF in Feedlots Close to Analysts' Expectations
US - The inventory of cattle on feed in feedlots with +1000 head capacity as of 1 August was estimated at 11.112 million head, 0.2 percent higher than a year ago. Analysts expected the total on feed number to be up 0.6 percent, according to Steiner...
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