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Cattle Industry News By Category: Economics

14 January 2020
CME: Estimates for 2020 Beef Production Revised Down Slightly
US - On 10 January 2020, USDA released a slew of reports and this DLR will highlight a few key points from select reports, writes Steiner Consulting Group, DLR Division, Inc. ...
Global Diets Converging, with Benefits and Problems
GLOBAL - Research carried out by the University of Kent has shown that diets are changing in complex ways worldwide. ...
Dire Prediction for SA Beef Exports After FMD Outbreak
SOUTH AFRICA - SA could lose up to $140m (R2.02bn) in 2020 as countries in the region and elsewhere hold back on importing its beef due to a foot-and-mouth disease outbreak....
13 January 2020
CME: Feeder Cattle Contract for August, September 2020 Translate to Nice Profit
US - Time to start planning: Heading into spring, summer grazing programmes should take note of the feeder cattle futures board, writes Steiner Consulting Group, DLR Division, Inc....
US Hopes for Progress on Pork, Beef Imports in Tsai 2nd Term
TAIWAN - James Moriarty, chairman of the Board of Trustees of the American Institute in Taiwan (AIT), told reporters on 11 January that "the US hopes for progress" on US pork and beef imports to Taiwan during President Tsai Ing-wen’s second term in...
Budget Allocated to Help Beef Cattle Farmers Increase Competitiveness
THAILAND - The Free Trade Agreement Fund has approved a budget of Bt161.79 million for the Department of Livestock Development to help beef cattle farmers increase their competitiveness and improve product quality to compete with overseas products, Rapheephat...
Technical Efficiencies Made Over Past Decade Crucial to Long-term Financial Viability
UK - As we start a new decade, hindsight emphasises the challenges our industry will continue to face, according to the latest market commentary by Quality Meat Scotland (QMS). ...
10 January 2020
CME: November Beef Exports Down Compared to Year Ago
US - Monthly trade data for November was released by USDA Economic Research Service (ERS) on 8 January 2020, reports Steiner Consulting Group, DLR Division, Inc....
IFA Says Race to Bottom Must Stop, Beef Prices Must Rise
IRELAND - Speaking at the Beef Taskforce meeting in Dublin yesterday, IFA President Joe Healy told the main retailers that the unsustainable discounting of top-quality beef was a race to the bottom that has to stop....
09 January 2020
CME: Evaporation of Large Beef Packer Margins in December
US - Large beef packer margins evaporated in December after recording highs earlier in 2019, reports Steiner Consulting Group, DLR Division, Inc....
November Beef Exports Trail 2018
US - November exports of US beef were below the previous year’s large totals, according to data released by USDA and compiled by the USMEF....
QMS Kicks off 2020 by Celebrating Meat with Integrity
SCOTLAND, UK - Quality Meat Scotland (QMS) is this month putting Meat with Integrity back at the forefront of consumers’ minds as it relaunches its campaign to raise awareness of the quality and provenance of Scotch Beef PGI, Scotch Lamb PGI and Specially...
08 January 2020
CME: Strong Gains in Steer, Heifer Dressed Weights Expected to Continue Through 2020
US - Steer and heifer dressed weights broke through year ago weights in September and have had strong gains over 2018 ever since, reports Steiner Consulting Group, DLR Division, Inc....
Cattle Prices Must Rise, Says IFA
IRELAND - IFA National Livestock Chairman Angus Woods said cattle prices need to rise substantially in 2020....
NFU Urges Govt to be Global Leader of Climate-friendly Food
UK - NFU President Minette Batters will today urge the Government to commit to introducing a food standards commission that scrutinises future trade deals and safeguards British farming’s place as a global leader in climate-friendly food....
07 January 2020
CME: 'China Demand for Beef in World Market Overblown'
US - For today’s issue we decided to focus on an email we received from a reader who took issue with some of our past reports on the import trade, writes Steiner Consulting Group, DLR Division, Inc....
06 January 2020
CME: Beef Export Shipment, Sales Somewhat Disappointing
US - USDA released on Friday morning its latest update on US beef and pork export shipments and sales. While the numbers were somewhat disappointing, keep in mind that exports usually slow down during holiday weeks. We will need to wait until production normalizes...
'Food Festa' Showcases US Beef, Pork in South Korea
SOUTH KOREA - South Korea’s institutional foodservice sector is undergoing a transformation that has catering companies and similar businesses searching for new products and suppliers, creating new opportunities for US beef and pork. ...
Activity Programme Reassures People There’s No Need to Cut Out Red Meat
UK - The benefits of red meat as part of a healthy balanced diet will be heard loud and clear this month, thanks to a joint activity planned by levy bodies in England, Scotland and Wales....
03 January 2020
CME: How Much Has US Benefited from Increase in China Beef Demand?
US - USDA maintains a very good library of production and trade data for major countries and it is sometimes worth looking back and recognize how much the world beef trade changed in the past decade, writes Steiner Consulting Group, DLR Division, Inc....
‘Liverpool’ Introduces US Beef Liver to Kazakhstan’s Foodservice Sector
KAZAKHSTAN - Beef livers exported to Kazakhstan have traditionally been utilized in further processing for sausages and paté, but an ongoing campaign by USMEF is encouraging the country’s restaurants and other foodservice businesses to include US beef...
01 January 2020
CME: Export Sales Somewhat Disappointing for Beef
US - An update provided by Steiner Consulting Group, DLR Division, Inc. states that livestock futures traded regular hours on 31 December. Market was closed for New Year’s. Tomorrow (Thursday) will be regular open and close....
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....
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