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Cattle Industry News By Category: Economics

30 December 2019
Only Five Trucks with Beef exported to Turkey
BOSNIA & HERZEGOVINA - Only five trucks have left for Turkey since mid-December, since the start of the export, which is currently on hold due to the upcoming holidays, Ljubomir Kalaba, director of Bosnia-Herzegovina’s Veterinary Office, confirmed to...
28 December 2019
CME: Beef Rib Primal Value Collapses, but Pullback in 2019 More Significant
US - USDA reporting disruptions caused us to delay issuing the normal production and price summary, which is usually included with the Monday DLR, writes Steiner Consulting Group, DLR Division, Inc....
25 December 2019
CME: Total Beef Supply in Cold Storage at November-end Lower Than a Year Ago
US - Record pork production and increases in both poultry and cattle slaughter contributed to higher than normal increases in the supply of meat protein in cold storage, according to Steiner Consulting Group, DLR Division, Inc....
24 December 2019
CME: Cattle Inventories in Feedlots Up from a Year Ago
US - Cattle inventories in feedlots with a capacity of 1,000 head or more on 1 December were up 2.5 percent from a year earlier, according to Steiner Consulting Group, DLR Division, Inc....
NFU Meets with MPs, Urges Them to Support British Farming's High Standards
UK - NFU President Minette Batters has urged MPs to recognise the importance of Britain’s high farming standards and ensure they are not sacrificed by the UK’s future trade policy, as the NFU held one of its first receptions for politicians after...
China Lifts Import Ban on Certain Japanese Beef Products
CHINA - Chinese authorities recently announced that the country would remove a ban on imports of Japan's deboned beef under 30 months old starting 19 December....
North of Scotland ‘Meat the Market’ Events Announced
SCOTLAND, UK - Sheep and beef farmers based in the north of Scotland are invited to attend two free meetings to help them boost their bottom line by improving their livestock selection and presentation for slaughter....
23 December 2019
House Approves USMCA; USMEF Welcomes Legislation
US - On 19 December, the US House of Representatives approved implementing legislation for the US-Mexico-Canada Agreement (USMCA)....
Programme Reassures People There’s No Need to Cut Out Red Meat in January
SCOTLAND - The benefits of red meat as part of a healthy balanced diet will be heard loud and clear next month, thanks to joint activity planned by levy bodies in England, Scotland and Wales....
20 December 2019
CME: Reopening of Tyson Beef Plant Likely to Take Time to Reach Full Capacity
US - The Tyson plant, that shut down from a fire in mid-August, was scheduled to reopen its doors and begin accepting cattle the first week of December. This plant will likely take time to reach full capacity, according to Steiner Consulting Group,...
Morocco Allows Imports of Russian Beef to Market
MOROCCO - Rabat and Moscow have concluded an agreement that will allow Russian companies to export beef to the Moroccan market....
19 December 2019
CME: Cattle Placement Weights Heavier This Fall
US - "Cattle on Feed" pre-report estimates were released on Tuesday for the upcoming report that will be issued by USDA-NASS on 20 December, reports Steiner Consulting Group, DLR Division, Inc....
Meatco Gets Biggest Portion of Norwegian Beef Quota
NAMIBIA - Meat Board of Namibia - the company tasked to facilitate the export of livestock, meat and processed meat products to importing countries - announced that it has allocated the Norwegian beef quota to 1600 tonnes in 2020....
Fluorescence Spectroscopy Helps Evaluate Meat Quality
RUSSIA - Scientists of Sechenov University jointly with their colleagues from Australia proposed a new, quicker and cheaper way to assess meat quality. It is based on exposing a small sample to UV light and measuring the spectrum of emission....
Ag Bill a Necessity, Must Provide Launch Pad to Future Policy Development
SCOTLAND, UK - In evidence to the Rural Economy and Connectivity (REC) Committee in Scottish Parliament yesterday (18 December), NFUS said a bill that allows continuity of CAP payments is a necessity but must provide a launch pad to driving forward future...
18 December 2019
HC Questions Legality of Govt Decision to Import Beef
BANGLADESH - The High Court today questioned the legality of the government's decision to import cattle meat from abroad in spite of its surplus production in the country....
US, China Reach Phase One Trade Agreement; 'US Industry Excited'
US - On Friday (13 December), the Office of the US Trade Representative (USTR) announced that the US and China have reached an historic and enforceable agreement on a Phase One trade deal that requires structural reforms and other changes to China’s...
IFA: Invitation to Retailers Welcome, but Urgent Beef Taskforce Meeting Needed
IRELAND - IFA President Joe Healy has welcomed the fact that retailers have now been invited to attend the next meeting of the Beef Market Taskforce scheduled for 9 January, and that a number of retailers have confirmed they will attend....
17 December 2019
CME: Producers Still Facing Challenge of Limited Supply of Hormone-free Beef
US - Both US and Chinese officials confirmed on Friday that a partial deal had been reached, resulting in lower tariffs on some Chinese products and higher purchases of US agricultural goods, according to Steiner Consulting Group, DLR Division, Inc....
NFUS Calls for New Field to Fork Approach for Beef
SCOTLAND, UK - As beef prices continue at a low ebb, NFU Scotland’s President Andrew McCornick has called for fresh thinking in the beef supply chain....
IFA Urges Minister to Call Emergency Meeting of Beef Taskforce
IRELAND - On Saturday (15 December), IFA President Joe Healy said Minister Creed must call an urgent meeting of the Beef Market Taskforce - including the five major retailers - or farmer anger will boil over....
New Livestock Regulations to Boost Trade on Global Stage
KENYA - The new livestock regulations being formulated have been lauded as crucial to opening Kenya to the international market....
Bosnia-Herzegovina Commences Beef Exports to Turkey
BOSNIA & HERZEGOVINA - The export of beef to Turkey has finally begun, and this is good news after much uncertainty, said Bosnia-Herzegovina’s (BiH’s) Foreign Trade and Economic Relations Minister Mirko Sarovic....
16 December 2019
CME: Retail Beef Prices Higher in November
US - Retail beef prices were higher in November and, judging from the gains in the choice beef cutout during the last few weeks, we would expect retail price inflation to continue to climb in December and January, writes Steiner Consulting Group, DLR...
Bullish Growth in Beef Cattle Numbers
NEW ZEALAND - Beef cattle numbers increased strongly in 2019, rising for the third year in a row, while the number of dairy cattle dipped slightly, Stats NZ reports....
NFU Urges Govt to Ensure Sustainable, Ambitious Future for British Food Production
UK - In response to the General Election result, NFU President Minette Batters said that the NFU intends to start working with the new government and parliament straight away to ensure all areas of Westminster and Whitehall understand and value the importance...
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....
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