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Cattle Industry News By Category: Economics

12 August 2020
US extends deadline for farmers seeking federal COVID-19 relief
US farmers impacted by the economic fallout of the coronavirus crisis have been granted more time to apply for aid from the federal government....
COVID-19 resurgence puts pressure on New Zealand economy, especially dairy sector
New Zealand stocks registered their worst close in a month on 12 August after the country reported its first cluster of coronavirus cases in over 100 days....
CME update: cattle futures rise in line with US beef prices
CME live cattle futures rose on 11 August, bolstered by increasing beef prices....
11 August 2020
US Senators call for tariffs to be removed on food items from the European Union
A bipartisan groups of 13 US Senators have asked the US Trade Representative to remove the 25 percent tariffs on food, wine and spirits from the EU....
CME update: cattle futures gain ground on strong cash markets
CME live cattle futures rose on 10 August as the cash market strengthened and packers signalled a pick-up of slaughter rates....
10 August 2020
Japan removes restrictions on French beef exports
France said on 7 August that Japan had lifted all sanitary restrictions on French beef exports....
US farm groups need more time to apply for COVID-19 aid
28 farm groups in the United States have asked the US Department of Agriculture to extend the deadline for farmers to apply for COVID-19 assistance payments....
JBS offers 5,200 new jobs in Brazil as part of pandemic response
Food processing giant JBS SA is hiring an additional 5,200 workers in Brazil in a bid to boost output for its export base while contending with ongoing COVID-19 cases among workers....
Ireland makes payments on calf investment scheme
Agriculture Minister Calleary announces that payments have commenced under the Calf Investment Scheme....
07 August 2020
Lebanon faces unprecedented food security challenges after explosion destroys its main grain silo
The recent blast in Beirut destroyed Lebanon’s only large grain silo, and few alternative stocks are available....
US senators lock horns over livestock bill
Two senior Republican senators from leading farm states are at odds over legislation aiming to make cattle markets more transparent....
Slaughterhouses in Australia’s Victoria state reduce output by one-third amid coronavirus surge
Australia has announced workforce restrictions for abattoir workers in Victoria, hoping to curb rising COVID-19 cases....
Weekly global protein digest: China demand remains key driver
Following are the latest developments on the world protein front....
06 August 2020
UK NFU responds to Environment Agency air quality queries
The UK’s farmers can help improve air quality by reducing ammonia emissions, but the government must facilitate these efforts by improving regulations and removing barriers....
CME update: cattle futures stabilise as supplies remain high
US live cattle futures steadied on 5 August as investors were unwilling to push the market above recent surges due to high cattle supplies....
05 August 2020
Taiwan strengthens trade relationship with Paraguay with cattle imports
Taiwan’s beef imports from Paraguay are expected to be 10 times higher than they were in 2015....
China and US to review trade deal on 15 August
Senior officials from both countries will review the implementation of the Phase 1 trade deal during a 15 August video conference....
CME update: cattle futures break winning streak
US live cattle futures sank on 4 August, reversing five straight sessions of gains....
04 August 2020
Brexit’s unfinished business could negatively impact UK meat industry
The British Meat Processors Association (BMPA) reports that serious barriers to trade remain unresolved ahead of the withdrawal period deadline....
Major grains plant in Argentina restarts production after coronavirus shutdown
The COFCO grains plant in Argentina has come back online after 12 cases of COVID-19 have been confirmed among workers....
CME update: cattle futures continue rising
US live cattle futures continued their winning streak on 3 August, as fund buying sparked the gains to expected strength in the cash markets....
01 August 2020
Ireland’s cattle trade shows that factories can afford to pay more for meat
Ireland’s strong cattle trade shows that, “factories can afford to pay more,” according to the Irish Farmers’ Association (IFA)....
31 July 2020
China to permit foreign investment in livestock breeding
China’s state planner has said it will encourage foreign investment in livestock and poultry breeding from 2020....
CME update: cattle futures rise on strong export figures
US live cattle futures closed higher on 30 July for a third straight session, strengthened by high weekly beef export sales....
30 July 2020
Newest round of US COVID-19 relief earmarks additional cash for agriculture
The Health Economic Assistance Liability Protection and Schools (HEALS) Act, introduced earlier this week in the US Senate, would provide an additional $20 billion to the USDA to aid farmers and ranchers....
CME update: cattle futures inch higher
US live cattle futures closed higher on 29 July for a second straight session as cash cattle prices become stronger....
China may miss US farm import target for 2020
The ambitious $36.5 billion import target for US farm goods to China is falling further out of reach after seven months of disputes....
29 July 2020
CME update: live cattle futures rise as cash prices strengthen
US live cattle futures firmed on 28 July, supported by expectations of higher prices in the cash market for slaughter-ready cattle....
 
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