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Cattle Industry News By Category: Economics

04 February 2020
CME: Little Impetus for Growth in US Cattle Industry
US - According to the latest USDA semi-annual 'Cattle Inventory' report, the total inventory of cattle and calves as of 1 January 2020 was estimated to be 94.413 million head, 0.4 percent lower than the previous year, reports Steiner Consulting Group,...
Cattle Finishers Demand More on Beef, IFA Reports
IRELAND - IFA National Livestock Chairman Brendan Golden said cattle prices are continuing to rise, but much too slowly for finishers, who need a substantial price lift at this stage....
Mongolia, India to Implement Joint Dairy Development Programme
MONGOLIA - Minister of Food, Agriculture and Light Industry Ch.Ulaan received Ambassador of India to Mongolia M.P.Singh on 3 February....
Beef Consumption Drops to Lowest Level in Argentina
ARGENTINA - Argentines, who have long been among the world’s most voracious meat eaters, can no longer afford to binge on their own beef....
USDA Issues Third and Final Round of Trade Assistance
US National Farmers Union lobbies for long-term solutions for the farm economy's woes. ...
03 February 2020
CME: Year-on-year Declines Expected for Almost All Categories of US Cattle Herd
US - USDA published its semi-annual estimates of the US cattle herd and various inventory subgroupings on Friday (31 January), reports Steiner Consulting Group, DLR Division, Inc....
Exports, Imports Help Bring Value to Beef Industry: Cattlemen’s Beef Board CEO
US - Beef exports and imports are certainly a challenging topic to tackle for American cattle farmers and ranchers, but are an integral part of the beef industry in the United States, says Greg Hanes, Cattlemen’s Beef Board CEO....
AMT Exemption to Boost Investment in Dairy Sector
INDIA - Proposed reduction of tax on cooperative societies to 22 percent plus surcharge and cess as well as exemption from Alternative Minimum Tax (AMT) will help increase investments in the dairy sector. The relief to cooperatives has come at a time...
Argentina Seeks to Expand Beef Price Caps as Consumption Sinks
ARGENTINA - Argentina’s Production Ministry is looking to add more cuts of beef to a price-control system in a bid to make red meat more affordable amid rampant inflation, according to a ministerial official....
Arla Foods UK Acquires PCL 24/7 to Ensure Stability of Hatfield Operations
UK - Arla Foods UK has confirmed that it will acquire the legal entity PCL 24/7 Ltd and take on the services which are currently performed by PCL Transport 24/7 Ltd, with the exception of Bristol. The sale will enable Arla Foods to assure the future operations...
Brexit Day Signals Fresh Lobbying Impetus
SCOTLAND, UK - Following three and a half years of political stagnation, the UK finally left the European Union at 11pm on Friday, 31 January....
31 January 2020
Verified Grass Fed Standard Must Deliver for Farmers, Says IFA
IRELAND - IFA National Dairy Committee Chairman Tom Phelan said that the 'Grass Fed standard' developed by Bord Bia should only be considered by processors for certain products, if it’s guaranteed to deliver an extra margin in a particular market place....
Two Thirds of EU Milk Used to Make Cheese, Butter
EU - In 2018, 156.8 million tonnes of whole milk was processed in the European Union (EU). EU dairies produced 10.3 million tonnes of cheese, as well as 2.4 million tonnes of butter and other fat products ("yellow products"). Together, the production...
Agriculture has Taken a Financial Hit, Says UFU
NORTHERN IRELAND, UK - The Ulster Farmers’ Union (UFU) says the Northern Ireland agriculture industry has taken a significant financial hit in the past year with virtually all farm commodities seeing a decrease on average regarding farm income....
How UK Conservatives are protecting the farming sector after Brexit
In this podcast, ffinlo Costain sits down with Sam Hall, the Director of the Conservative Environment Network (CEN), to discuss the network’s plans for the UK’s food production, agricultural land use and the environmental opportunities arising from...
Mongolia Approves National Programme to Promote Livestock Husbandry
MONGOLIA - Mongolia on Wednesday approved a national programme to promote the development of livestock husbandry, Xinhua reported with reference to the government's press office....
Beef, Pork Wholesale Prices Going Down in Armenia
ARMENIA - Beef and pork wholesale prices have dropped significantly in recent days, Zhamanak reported on Friday....
Japan's Beef, Pork Imports Grow in 2019 Under Pacific Free Trade Deal
JAPAN - Japan imported more beef and pork in 2019 than the previous year, largely due to a trans-Pacific free trade agreement, government data showed Thursday, signaling challenges facing domestic farmers amid the influx of cheaper imports....
Party Leaders Commit to Increased Direct Support for Sucklers
IRELAND - IFA National Livestock Chairman Brendan Golden said the IFA have received clear commitments from the Taoiseach Leo Varadkar and the leader of Fianna Fail Micheál Martin that there will be no cuts to the suckler cow herd and they will increase...
30 January 2020
USMCA Nears Completion with US President's Signature
US - During a ceremony held yesterday (29 January) at the White House, President Donald Trump signed the US-Mexico-Canada Agreement (USMCA) into law. Though the agreement has already been approved by Mexico, it will not be fully implemented until it is...
Records All Round for Dairy, Meat Exports
NEW ZEALAND - The first four months of the 2019/20 dairy export season has set records, boosted by higher prices and volumes, according to a report by Stats NZ....
Scottish Farmers, Crofters Reminded That CAP Rules Remain in Place After Brexit Day
SCOTLAND, UK - NFU Scotland is reminding members that when the UK leaves the EU this Friday (31 January) the rules, with which they currently comply, will still apply....
Mixed Movements on GB Deadweight Cattle Markets
UK - Movements on GB prime deadweight markets were relatively mixed in the week ending 25 January, writes Felicity Rusk, AHDB Dairy & Livestock Analyst....
Dairygold 2019 Price Move Proves Better Milk Prices Possible
IRELAND - IFA National Dairy Committee Chairman Tom Phelan said that the move by Dairygold to pay 0.5c/l on all milk supplied during 2019 would be a welcome boost to their suppliers’ cash flow as calving begins....
29 January 2020
CME: December Commercial Cattle Slaughter Higher Than a Year Ago
US - USDA released the official statistics for the month of December last week and with that we are able to calculate the production numbers for all of 2019, writes Steiner Consulting Group, DLR Division, Inc....
Dairy Industry Digests Plan to Consolidate Governance
AUSTRALIA - As a major restructure looms for the Australian dairy industry, some state-based advocacy organisations are concerned the proposal misses the mark....
Relief as Nyagatare Dairy Farmers Secure Market
RWANDA - Nyagatare dairy farmers have secured market to supply milk to home-based Early Child Development (ECD) centres that are being established at the village level....
DA Vows to Improve Philippine Dairy Industry, Seeks Increased Budget
PHILIPPINES - The Department of Agriculture (DA) on Tuesday vowed to further strengthen the country’s dairy industry after a lawmaker slammed milk agencies for the weak academic performance of Filipino children....
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