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Cattle Industry News By Category: Economics

21 February 2020
Namibia becomes the first African country to export red meat to the US
Following two decades of haggling over safety regulations and logistics, Namibia becomes the first African country to export red meat to the US after it sent 25 tonnes of beef to Philadelphia. ...
CME update - cattle contracts mixed
Chicago Mercantile Exchange shows live cattle futures as lower while feeder cattle contracts edged higher. ...
USDA announces innovation initiative to address climate change
NFU urges agency to take decisive action to address climate crisis. ...
20 February 2020
CME: estimated returns to cattle feeders drop in 2019
US - LMIC estimates average returns to cattle feeders for a typical operation in the Southern Plains feeding 750-pound steers. In 2019, estimated returns were $9.51 per steer, dropping 55.4 percent from 2018’s estimate which was $21.31, reports Steiner...
Trump makes moves on new trade deal with India
US President Donald Trump says a bilateral trade deal between the US and India is coming, but it might be finalised after the November election. ...
Canada's House of Commons expected to approve USMCA by Easter
The Vice President of the Canadian Global Affairs Institute is confident the United States-Mexico-Canada Agreement will be approved by the House of Commons by Easter....
19 February 2020
CME: Increase in 2019 Retail All-fresh Beef Demand Index
US - The Livestock Marketing Information Center (LMIC) calculates demand indexes for beef and pork, writes Steiner Consulting Group, DLR Division, Inc....
18 February 2020
Despite steady consumption, uncertainty still defines the UK beef market.
Beef producers are still sceptical of beef market growth despite early signals of increasing prices....
US milk industry merger nears completion with a $425 million agreement
Dairy Farmers of America will acquire the assets of bankrupt milk processing firm Dean Foods if regulators get on board....
China grants tariff exemptions on nearly 700 US goods
In an effort to support purchases of US goods, the Chinese government will grant exemptions on 696 retaliatory tariffs, the most substantial tariff relief to be offered yet. ...
17 February 2020
CME: US Import Cattle Numbers for 2019
US - Over the years, the North American beef industry has become increasingly integrated and US feedlots and slaughter plants rely on Canadian and Mexican cattle for part of their supply, according to Steiner Consulting Group, DLR Division, Inc....
14 February 2020
CME: Mexican Domestic Beef Consumption Remains Fairly Stable
US - The Mexico office of the USDA Foreign Agriculture Service issued an update last week on the Mexican livestock industry and we thought this is a good time to offer our readers a primer of this important market for the US meat industry, writes Steiner...
13 February 2020
CME: Per Capita Beef Consumption Expected to Decline
US - USDA issued its monthly update of supply/demand projections for 2020. If you were looking at this latest report for a hint of the details in the US-China phase 1 deal, then you will probably be disappointed, writes Steiner Consulting Group, DLR...
US cattle futures rise as part of broad commodity strength
US live cattle futures closed higher on 12 February after a four-moth low as fears over the impact of China’s coronavirus outbreak subside. ...
Fear of BSE keeps EU food standards high
Memories of the 1990s mad cow disease crisis means the EU will likely reject US demands for relaxing strict food safety rules, even with President Trump threatening tariffs on cars if EU countries don't begin imports of more US farm products. ...
11 February 2020
CME: US Imports Measurable Amounts of Beef in CY19
US - In calendar year 2019, the US imported measurable amounts of beef from 18 countries, based on summarising the monthly data provided by USDA’s Economic Research Service, according to Steiner Consulting Group, DLR Division, Inc....
Mazoon Dairy Receives Second Batch of Holstein Cows
OMAN - Mazoon Dairy, the flagship dairy company of Oman, has received its second batch of 2,625 Holstein cows at its farm in Al-Sunainah....
New Range of PGI Welsh Beef Launched at Aldi
WALES, UK - NFU Cymru has welcomed yesterday's announcement by Aldi that it is to stock PGI Welsh Beef across all of its 50 Welsh stores from 12 February 2020....
Co-ops Must Not Lose Sight of Base Milk Price, Says IFA
IRELAND - Speaking after the first IFA National Dairy Committee meeting of 2020, Chairman Tom Phelan said the Committee had clearly identified a minimum 1c/l as a realistic and justified base price increase for January milk....
President’s Budget Shortchanges Farm Programmes for Fourth Year in a Row
US - President Donald Trump yesterday released his proposed spending for fiscal year 2021. The $4.8 trillion budget would cut both mandatory and discretionary funding for the US Department of Agriculture (USDA) and other federal agencies while boosting...
Cattle Producers Ready to Capitalise on Expanded Access in Asia
US - Expanded opportunities for US beef exports were top-of-mind for thousands of cattle producers and other beef industry leaders who gathered in San Antonio last week for the annual Cattle Industry Convention. ...
10 February 2020
CME: Total Beef Exports for December Up from Last Month
US - Monthly trade statistics were released by USDA FAS on a product weight basis on 5 February 2020. The next day, USDA ERS released trade statistics on a carcass weight basis, reports Steiner Consulting Group, DLR Division, Inc....
Dairy Cows Sent to Slaughter as Processors 'Fail' to Pay Enough for Milk
AUSTRALIA - Western Australia is facing an exodus of dairy farmers less than a year after the widely-celebrated end of $1-a-litre milk....
Edinburgh University Students Vote to Reject Ban of Beef Products
SCOTLAND, UK - Nearly 6,000 students voted in a referendum on the issue last week....
Arla Urges Farmers to Embrace New Interest Consumers Show in Dairy
UK - Speaking at the Dairy Tech event last week, Graham Wilkinson, Senior Director of Agriculture at Arla Foods UK called on farmers to ignore the foghorn of anti-dairy voices and instead focus on ensuring all farmers play a part to promote the superfood...
US Beef Export Value Again Tops $8 Billion
US - Exports of US beef were below the previous year’s record levels, according to data released by USDA and compiled by USMEF....
07 February 2020
Farmers, Crofters Need to be Given Tools to Succeed, Says NFUS President
SCOTLAND, UK - Speaking at NFU Scotland’s Conference, President Andrew McCornick has called on legislators and policy makers to deliver for Scottish agriculture as Brexit enters its final stage...
06 February 2020
Marginal Dairy Farmers Demand Easy Bank Loans
BANGLADESH - Marginal dairy farmers yesterday urged the government to give them easy bank loans and establish chilling plants in remote areas of Bangladesh to boost milk preservation....
 
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