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TheBeefSite Latest News: United States

06 April 2020

US Farm Bureau tells USDA to help US farmers immediately
The American Farm Bureau Federation has urged the USDA to make special direct payments to dairy producers, livestock farmers and cattle ranchers....

CME update: cattle futures sink as coronavirus measures upend markets
US cattle futures fell on Friday 3 April as measures to control to COVID-19 pandemic closed schools and restaurants and sent US unemployment rates skyrocketing....

CoBank Quarterly: coronavirus pandemic and economic restrictions upend markets, industries and communities
Labour and supply chains among the biggest challenges facing essential rural industries both in the US and globally....

03 April 2020

US agriculture, wildlife and conservation groups advocate for conservation funding support
On 2 April, 76 farm, conservation and wildlife groups delivered a letter to Congress requesting full funding for conservation programmes and technical assistance for 2021....

CME update: cattle futures dive on coronavirus pandemic
US cattle futures tumbled as concerns mount over skyrocketing unemployment and a possible recession as the coronavirus pandemic continues....

02 April 2020

US Senators urge delay to USMCA implementation
A bipartisan group of 19 US Senators urged the Trump administration to delay the planned 1 June start date for USMCA, saying that the short implementation period would pile pressure on US companies facing tough times due to coronavirus....

CME update: cattle futures sink by their daily limits on coronavirus worries
US cattle futures post limit losses on 1 April as more stringent coronavirus emergency measures slam stock markets and stoke worries of a global recession....

01 April 2020

CME update: cattle futures rebound as the quarter closes
US live cattle futures rose, nearly meeting their 3-cent daily limit on 31 March....

31 March 2020

New US poll sheds light on farmers’ COVID-19 concerns
Nearly 90 percent of farmers surveyed indicate they are at least somewhat worried about the impact COVID-19 will have on their business. More than 50 percent are very or extremely worried about the potential impact, according to a US farmer survey conducted...

JBS cuts production at US facility as precaution
JBS will reduce beef production for two weeks at a Pennsylvania plant after managers displayed flu-like symptoms. ...

CME update: cattle futures ease on concerns of slaughterhouse closures
US cattle futures weakened on 30 March as concerns mounted over slaughterhouses closures due to coronavirus....

US Senators question meat packers’ surging profits during COVID-19
US Senators are calling for investigations of beef processors’ record profit margins after market shake up....

30 March 2020

CME update: cattle futures dive as erratic trade continues
US cattle futures tumbled on 27 March as worries of contracting beef demand and fears that COVID-19 could close slaughterhouses intensified....

27 March 2020

USDA makes the federal loan process more flexible
US farmers facing financial difficulty due to coronavirus will be able to access more flexible federal loans....

US cattle futures tumble as panic buying slows
CME traders report that the daily limit falls signal that consumers are no longer stockpiling meat....

26 March 2020

CME update: cattle futures end mostly lower, signalling an end to the surge
Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on 25 March for the first time in five sessions....

NCBA advocates economic relief for the beef supply chain in relief bill
After the US Senate passed coronavirus relief legislation, the NCBA issued the following statement. ...

NFU US welcomes stimulus bill
New stimulus bill would address the most urgent concerns for family farmers and rural hospitals, says NFU....

25 March 2020

Cattle futures rise to meet their daily limits as demand and packer margins strengthen
US cattle futures rose to meet their expanded daily limit on 24 March as traders reacted to soaring profit margins for beef packers....

24 March 2020

US cattle futures soar and beef prices increase
US live cattle futures rose to their daily limit on 23 March as strong packer margins, increasing wholesale beef prices and expectations of higher cash cattle prices this week emerge....

As coronavirus bolsters meat demand, processors approve pay raise for North American farmers and workers
On 23 March, North American meat processors agreed to pay extra money to farmers and slaughterhouse workers as companies struggle to meet surging demand from consumers who are stockpiling meat....

23 March 2020

US cattle futures rally on Friday as cash market strengthens
US livestock futures rose on Friday as the market tried to recover from its steep discount to the cash market....

20 March 2020

Analysts expecting sharp decline in cattle placements
US - "Cattle on Feed" for February will be released today (Friday, 20 March). February was a leap year but slaughter days were identical to last year, according to Steiner Consulting Group, DLR Division, Inc....

Cattle futures rebound as grocery demand intensifies
US livestock futures rose on Thursday as part of a broad recovery in the agriculture markets stemming from oil gains and export hopes....

19 March 2020

CME update – cattle futures fall as consumer demand falters
US livestock futures fell yesterday due to steep declines in the equities markets and uncertainty about consumer demand due to the ongoing pandemic....

Increased calls for debt and loan relief for US farmers as coronavirus spreads
US livestock producers and the American Farm Bureau Federation are urging the USDA to allow deferments or adjustments on government loans as the coronavirus hits the reeling farm economy....

18 March 2020

US Cattle futures regain ground
US cattle futures surged yesterday as consumers stocked up at grocery stores over the weekend....

17 March 2020

Cattle, hog futures collapse in last two weeks
US - Pork, beef and chicken production continues to run significantly above year ago levels, in part because packer margins remain in excellent shape as retail demand has been quite strong, according to Steiner Consulting Group, DLR Division, Inc....

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