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Cattle Industry News By Category: Markets

09 April 2020
French milk producers need help from EU as pandemic grinds on
On 8 April, French Agriculture Minister called on the European Commission to help milk producers with surplus production due to low demand from the export and restaurant sectors....
USDA announces investigation into surging beef prices and flatlining cattle prices during pandemic
USDA Secretary Sonny Perdue will investigate why a sudden rise in beef prices due to coronavirus hoarding didn’t translate into higher cattle prices for farmers....
NFU calls for meeting with Defra Secretary to save UK dairy sector
The survival of many British dairy farming businesses hit by the coronavirus depends on urgent action from the government, the NFU said on 8 April....
Why British dairy farmers have to discard their milk
The Royal Association of British Dairy Farmers (RABDF) has produced a Q+A document to help answer questions on why some farmers are having to discard their milk despite shortages still being seen in a few supermarkets....
CME update: US cattle futures rally due to bargain-buying
US cattle futures rose for a second session on 8 April as investors took advantage of steep discounts in futures prices....
08 April 2020
Farmer sentiment plummets as coronavirus concerns rise
The Purdue University/CME Group Ag Economy Barometer recorded its largest one-month drop in sentiment during March....
EU farm chief delays import curbs and green reforms
The European Union’s chief agriculture official said it was premature to restrict beef imports after industry groups called for additional support measures while battling COVID-19....
Cargill shutters processing plant due to coronavirus
Meat packing giant Cargill has shut a plant that serves grocery stores due to COVID-19....
CME update: cattle futures ramp up as investors take advantage of discounts
US livestock futures surged on 7 April as steep discounts in futures prices lured investors to buy back in....
RABDF seeks Government support in a new scheme to prevent widespread dairy disruption
The Royal Association of British Dairy Farmers (RABDF) is calling on the Government to help fund a short-term financial support scheme for dairy farmers whose businesses have been severely affected as a result of Coronavirus and to avert a larger crisis...
07 April 2020
Three US meat plants close as coronavirus spreads
Leading US meat companies shuttered three facilities in Iowa and Pennsylvania that produce pork and beef due to COVID-19, further disrupting the US food supply chain....
CME update: US live cattle futures dive as markets become more uncertain
US live cattle futures fell to their daily trading limit on 6 April – prices for the front-month contract hit their lowest levels since December 2009....
06 April 2020
US Farm Bureau tells USDA to help US farmers immediately
The American Farm Bureau Federation has urged the USDA to make special direct payments to dairy producers, livestock farmers and cattle ranchers....
CME update: cattle futures sink as coronavirus measures upend markets
US cattle futures fell on Friday 3 April as measures to control to COVID-19 pandemic closed schools and restaurants and sent US unemployment rates skyrocketing....
CoBank Quarterly: coronavirus pandemic and economic restrictions upend markets, industries and communities
Labour and supply chains among the biggest challenges facing essential rural industries both in the US and globally....
03 April 2020
European Commission announces aid for farmers amid coronavirus pandemic
On 2 April, the European Commission proposed a package of measures to soften the blow of the coronavirus pandemic on the EU economy....
Brazilian meatpacker BRF on recruitment drive amid COVID-19 outbreak
BRF announces that it will hire an additional 2,000 workers in order to maintain production levels....
A closer look at how the coronavirus is affecting global food supplies
The COVID-19 pandemic has already disrupted the world’s food supplies and is causing labour shortages in the agriculture sector – how resilient is our food system?...
CME update: cattle futures dive on coronavirus pandemic
US cattle futures tumbled as concerns mount over skyrocketing unemployment and a possible recession as the coronavirus pandemic continues....
02 April 2020
US Senators urge delay to USMCA implementation
A bipartisan group of 19 US Senators urged the Trump administration to delay the planned 1 June start date for USMCA, saying that the short implementation period would pile pressure on US companies facing tough times due to coronavirus....
CME update: cattle futures sink by their daily limits on coronavirus worries
US cattle futures post limit losses on 1 April as more stringent coronavirus emergency measures slam stock markets and stoke worries of a global recession....
01 April 2020
Irish farmers petition European Commission to suspend non-EU beef imports
The Irish Farmers’ Association has submitted a letter to the Government and European Commission urging a halt in beef exports from outside Europe....
Fonterra’s February milk exports from New Zealand drop 6 percent
Fonterra reports that its milk exports in February fell by 6.1 percent on lower demand....
Australia subsidises air freight for agriculture exports to offset pandemic
On 31 March, Australia’s government said it will spend A$110 million ($67.4 million) to subsidise air freight for exports of agricultural products like beef and dairy after flight disruptions due to the ongoing coronavirus pandemic....
CME update: cattle futures rebound as the quarter closes
US live cattle futures rose, nearly meeting their 3-cent daily limit on 31 March....
31 March 2020
New US poll sheds light on farmers’ COVID-19 concerns
Nearly 90 percent of farmers surveyed indicate they are at least somewhat worried about the impact COVID-19 will have on their business. More than 50 percent are very or extremely worried about the potential impact, according to a US farmer survey conducted...
Increased demand for ground beef signals trouble in the next two weeks
Though massive demand from shoppers for meat and other products might mean big profits for manufacturers, the truth is more complicated. ...
CME update: cattle futures ease on concerns of slaughterhouse closures
US cattle futures weakened on 30 March as concerns mounted over slaughterhouses closures due to coronavirus....
 
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