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Cattle Industry News By Category: Markets

27 March 2020
Despite steady trade flows, JBS anticipates a drop in exports as coronavirus worsens
Meat packing giant JBS has said that the current pandemic could lead to container shortages, port disruptions and other logistical challenges....
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....
25 March 2020
Australia’s livestock producers could face restocking issues as coronavirus closes borders
As Australia closes borders and moves into lockdown, farmers face an uphill battle to keep producing food....
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....
USDA and US Trade Representative announce progress on farm provisions of the US-China trade deal
The United States and China have made progress in implementing the agriculture-related elements of the US-China trade deal....
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....
Canada announces measures to shield the agri-food sector from coronavirus fallout
Prime Minister Trudeau announces support for farmers and agri-food businesses under Canada’s response to COVID-19 pandemic. ...
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
Increasing UK milk price gap indicates a broken market
The widening gap between the highest and lowest milk prices was highlighted as competing brands announce opposing price points....
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....
Fonterra reports interim results, prioritises NZ milk and focuses on farmer owners
NEW ZEALAND - Fonterra Co-operative Group Limited this week announced its 2020 Interim Results, which show the Co-operative’s financial performance has improved with increased underlying earnings and reduced debt....
Angola receives cattle from Chad to repay $100m debt
ANGOLA - Angola has received, through the Luanda port, the first batch of 75,000 head of cattle from Chad as repayment for $100 million debt....
Dairy farmers struggle to find market for their milk
UGANDA - Majority of the cattle keepers in Ankole and some parts of central Uganda have over the last three decades been investing heavily in dairy farming....
Farming priority must be to keep industry operating, good moving, says IFA
IRELAND - IFA President Tim Cullinan said that farmers and everybody involved in the sector needs to fully observe all HSE protocols and do everything they can to minimise risk, so processors, co-op stores and marts can be kept operating....
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
Onus on meat factories to act responsibly
IRELAND - IFA National Livestock Chairman Brendan Golden said factories are paying a base price of €3.65/€3.70 for steers this week and €3.75 for heifers in places....
“Misled” shareholders of Brazil’s JBS seek over $270 million in damages
A group of shareholders in JBS SA began arbitration proceedings against the company, stating they were misled after the company’s IPE in Brazil back in 2007....
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
Dairy Australia releases March 2020 Situation and Outlook report
The latest Situation and Outlook report indicates that Australia’s national milk production has steadied, with rainfall offsetting dry conditions and helping curb higher feed costs....
US Cattle futures regain ground
US cattle futures surged yesterday as consumers stocked up at grocery stores over the weekend....
Brazilian meatpacker Minerva SA suspends production at four facilities in response to coronavirus outbreak
Minerva SA will place workers on paid leave at four processing plants in Brazil....
Milk Committee highlights industry issues to Cabinet Secretary
SCOTLAND, UK - NFU Scotland’s new look Milk Committee welcomed Cabinet Secretary for Rural Economy and Tourism Fergus Ewing MSP on Thursday (12 March) to their first meeting since the AGM in February. Committee Chair Gary Mitchell thanked Mr Ewing for...
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....
Australia announces new stimulus to shield farmers from COVID-19 fallout
Australian Government announces stimulus package to assist farm business as part of a strategy to counteract the economic shock of COVID-19. ...
US cattle futures dive to 10-year low
US cattle futures fell to their lowest in nearly a decade as traders react to uncertain long-term demand as the coronavirus pandemic progresses....
 
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