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Cattle Industry News By Category: Markets

04 December 2020
EU farming unions ask for clarity on CAP negotiations
European farmers and agri-cooperatives asked Vice-President Timmermans for clarification around the Commission’s position on CAP negotiations...
03 December 2020
CME update: cattle futures make further gains on strong cash trade
US live cattle futures gained on 2 December, finding support in a firming cash cattle market as traders weighed consumer demand prospects....
China requires imported cold-chain food to undergo nucleic acid test before sale
China’s Administration for Market Regulation now requires imported cold-chain food products to undergo a nucleic acid test for COVID-19 before any products can be sold in China....
How is EU meat demand holding up?
Retail demand for meat has surged since the coronavirus pandemic disrupted out-of-home consumption early this year, writes Bethan Wilkins, red meat senior analyst with AHDB. ...
02 December 2020
CME update: live cattle futures strengthen alongside beef demand
US live cattle futures rose on 1 December, supported by strengthening US consumer demand and high wholesale beef prices....
01 December 2020
CME update: cattle futures slip as exports weaken
US live cattle futures lost ground on 30 November as traders weighed weak beef exports against increasing beef production and climbing boxed beef prices....
30 November 2020
CME update: live cattle futures lose ground as exports appear weak
US live cattle futures trimmed on 27 November on profit-taking during a shortened holiday-trading day....
Saudi Arabia suspends Turkish meat imports
The Turkish exporters’ union confirms that Saudi Arabia has formally suspended imports of meat, eggs and other products from Turkey earlier in November....
29 November 2020
UK inches closer to Brexit trade deal with EU, but says that it will not get there at any cost
The UK Finance Minister said that Britain and the European Union can agree to a trade deal and that one is taking shape – but London will not sign up to an accord at any cost....
27 November 2020
Weekly beef and dairy digest: meat prices remain firm and Spain's dairy sector poised to expand
Jim Wyckoff's latest analysis shows Spain making gains in the dairy market and meat prices remaining high. ...
China’s COVID-19 testing regime creates bottlenecks in meat trade
In a supermarket in downtown Beijing, refrigerator shelves normally filled with steak from around the world sit empty as tougher testing for the novel coronavirus creates supply bottlenecks and raises prices for importers....
26 November 2020
Beijing’s Xinfadi market suspends sales on fears of coronavirus transmission
Beijing’s Xinfadi market, which was linked to a COVID-19 outbreak in June, has suspended sales and storage of cold-chain goods and aquatic products....
CME update: live cattle futures climb as cash markets and beef demand become more optimistic
US live cattle futures rose on 25 November for a fourth straight session, climbing ahead of the US Thanksgiving holiday on 26 November....
25 November 2020
China reports 22 new COVID-19 cases as officials flag frozen food link
China has recorded 22 new coronavirus infections on 23 November, up from 11 on 22 November as health officials from the city of Tianjin suggest that the cases were linked to frozen food imports....
CME update: cattle futures inch up alongside beef prices
Cattle futures closed higher on 24 November for a third straight session, lifted by surging wholesale beef prices and optimism surrounding the COVID-19 vaccine....
24 November 2020
CME update: live cattle futures rise 2 percent on feedlot data and beef prices
US cattle futures closed higher on 23 November, bolstered by a supportive monthly cattle-on-feed report issued on 20 November....
23 November 2020
CME update: cattle futures rebound on technical, short-covering after a steep drop
US cattle futures rebounded on 20 November from steep losses in the 19 November session in an end-of-week short-covering and technical bounce....
20 November 2020
Weekly beef and dairy digest: COVID-19 impacts trade flows and the US rethinks its posture towards China
Jim Wyckoff's latest update tracks market changes in China and outlines the latest updates in the US dairy industry. ...
CME update: cattle futures tumble as surge in coronavirus sparks demand worries
US cattle futures plummeted on 19 November on worries about demand for beef as soaring COVID-19 infections across the country threatened more restaurant and food service closures and forced more Americans to shelter at home....
19 November 2020
CME update: cattle futures retreat as COVID-19 surge stokes demand worries
US cattle futures plunged on 18 November as rising COVID-19 infection rates sparked concerns about potential supply chain disruptions and reduced demand for beef as health restrictions shutter restaurants and discourage travel....
18 November 2020
CME update: cattle futures rise on firm cash market and higher beef prices
US live cattle futures rose for a second straight session on 17 November, lifted by higher cash beef prices and signs that cash cattle at feedlot auctions would trade at steady to higher prices this week....
17 November 2020
CME update: cattle futures bounce back as Wall Street rallies, but worries remain
US cattle futures ended mostly higher on 16 November on spill-over support from soaring equities markets....
Tyson beats profit estimates and sees lower COVID-19 costs for 2021
Tyson Foods beat Wall Street’s estimates for its fourth-quarter profit on 16 November, but faces rising costs for animal feed and increasing uncertainty over labour as COVID-19 cases surge in the US....
Copa and Cogeca call for decisive EU action and policy solutions to stabilise agricultural markets
Copa and Cogeca Presidents underline the importance of EU action and strong Common Agricultural Policy to stabilise markets and assist farmers during uncertain times....
16 November 2020
CME update: cattle futures sag as COVID-19 spike threatens beef demand
US livestock futures slumped on 13 November as surging coronavirus cases raised expectations for lockdowns on commerce that will hurt demand for meat from restaurants, hotels and other venues....
China detects traces of coronavirus on frozen meat and packaging from global exporters
The Chinese city of Jinan says that it has found coronavirus on beef and tripe and their packaging from Brazil, Bolivia and New Zealand, while two other provincial capitals detected traces of the virus on pork packaging from Argentina....
New COVID-19 controls in China could put frozen food importers on ice
Though the WHO and USDA say that the risk of catching COVID-19 from frozen food is low, China has repeatedly sounded alarms after detecting the virus on product packaging....
13 November 2020
JBS eyes further expansion after strong third-quarter profits
Brazil’s JBS SA reiterated its plans to grow production capacity in Brazil and the US after posting robust third-quarter results....
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