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Cattle Industry News By Category: Economics

25 March 2020
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
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....
22 March 2020
Newlat in talks to buy Italian dairy group as sales surge due to coronavirus
Italian food group Newlat has entered talks to buy a majority stake in dairy group Centrale del Latte d'Italia. ...
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....
Climate, food and national security at a crossroads
In this podcast, ffinlo Costain interviews Caitlin Werrell, co-founder of the Centre for Climate and Security and Rear Admiral Neil Morisetti, the UK's former Climate, Energy and Security Envoy, to explore the relationship between climate change, the...
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....
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....
16 March 2020
COVID-19 affecting cattle futures
US - The spread of Coronavirus into a global pandemic has so far impacted both lean hog and cattle futures, reports Steiner Consulting Group, DLR Division, Inc....
Dairy farmers laud President on VAT exemption for animal feed
NIGERIA - Farmers in the dairy sector - under the auspices of Commercial Dairy Ranches Association of Nigeria (CODARAN) - have backed President Muhammadu Buhari on his request to the National Assembly to exempt animal feed from the list of items that...
Botswana to liberalise beef exports, says minister
BOTSWANA - Botswana will open up its beef industry to allow farmers to export their meat directly, the minister of agricultural development and food security told parliament late on Thursday....
UK-US beef protocol positive result for NI beef farmers, says UFU
UK - The Ulster Farmers’ Union (UFU) beef and lamb chairman Sam Chesney said the announcement of the UK-United States beef protocol is a positive result for Northern Ireland (NI) beef farmers and the timing of this could not be more fitting....
NFU says Packers and Stockyards Act lacks teeth to provide basic needed protections to farmers
US - A rule proposed by the US Department of Agriculture (USDA) would undermine the intent of the Packers and Stockyards Act, according to comments submitted on Friday (13 March) by National Farmers Union (NFU) President Rob Larew....
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