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Cattle Industry News By Category: Economics

24 December 2019
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....
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....
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