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Cattle Industry News By Category: Markets

13 November 2020
UK Farming Roundtable urges government to deliver Brexit certainty
With less than eight weeks before the end of the Brexit transition period, the UK Farming Roundtable has stressed the critical importance of getting new agricultural policy right in the devolved nations....
AHDB explores market access opportunities amidst COVID-19
Meat exporters in the UK will have the opportunity to learn about new ways of working as a result of Covid-19 during the latest in a series of AHDB export webinars....
12 November 2020
CME update: live cattle futures rise on boxed beef strength
US live cattle futures gained ground on 11 November as strength in the cash market and firm beef cut-out prices offered on-going support....
JBS posts higher than expected quarterly profit, defying estimates
Brazilian meat packing giant JBS SA reported a near nine-times increase in third-quarter net profit, beating market expectations....
11 November 2020
US plans to hold economic talks with Taiwan
Secretary of State Mike Pompeo confirmed that US Undersecretary of State Keith Krach will lead economic talks with Taiwan later this month....
10 November 2020
Argentina’s port workers launch sudden strike, affecting grain shipments
A union spokesman confirmed that its members who are grains pork workers were holding surprise strikes in protest of stalled talks over wages....
New Zealand’s Synlait warns of lower 2021 profit
Dairy products giant Synlait Milk warns of flat to lower profit in fiscal year 2021 due to weak demand for consumer-packaged infant formula....
CME update: live cattle futures skyrocket on COVID-19 vaccine hopes
US live cattle futures reached a four-week high on 9 November and feeder cattle hit their highest prices in more than five weeks after global media outlets reported progress towards a COVID-19 vaccine....
09 November 2020
EU poised to impose $4 billion in tariffs on US goods this week
The European Union is set to impose tariffs on $4 billion of US imports in retaliation for US subsidies for plane maker Boeing....
CME update: live cattle futures inch up despite slowed slaughter pace
US live cattle futures gained slightly on 6 November after a week of range trading....
06 November 2020
Weekly beef and dairy digest: US beef exports gain ground dairy market remains steady
Jim Wyckoff's latest cattle industry update shows improving US beef exports and steady growth in the dairy sector. ...
EU Commissioner Breton says there is a 50/50 chance of a finalised Brexit deal
There is a "50/50" chance that Britain and the European Union will be able to reach a deal over the terms of Britain's exit from the bloc, EU Internal Market Commissioner Thierry Breton said on Friday 6 November....
UK grocer Sainsburys warns of reduced ranges in Northern Ireland without Brexit clarity
British supermarket Sainsburys says it could have to cut its range of offering in Northern Ireland unless it gets clarity on the province’s trading status after the end of the Brexit transition period on 31 December....
Australia says that industry reports on exports to China “deeply troubling”
Australia says it is closely monitoring trade flows to China amid “deeply troubling” reports from industry that Chinese buyers have been told not to purchase seven categories of Australian products and commodities from 6 November....
05 November 2020
October’s world food price index rises for five straight months
World food prices rose for a fifth month running in October, completely recovering from the shock caused by the COVID-19 pandemic and posting gains in most sectors....
04 November 2020
China says its importers are voluntarily cutting back on Australian goods
China says that reduced imports of Australian products and farm goods were the result of importers own decisions, hitting back at media characterisations....
03 November 2020
UK trade ministry reports that bilateral trade talks with the US are “on track”
Britain and the United States report that ongoing trade talks are heading towards a comprehensive agreement....
CME update: live cattle futures climb higher along with wholesale beef prices
US live cattle futures edged higher on 2 November as rising wholesale beef prices buoyed the market in light-volume trade....
02 November 2020
The UK's refusal to prioritise fresh meat at ports puts industry at risk
The UK government has not prioritised the quick movement of fresh meat at shipping ports, putting the UK meat industry at risk of losing vital export orders. ...
China rejects Australia’s appeal to remove barley import tariff
China has rejected Australia’s petition to scrap a tariff on its barley exports, all but closing the door on a trade work nearly A$1.5 billion in 2018....
CME update: live cattle edge higher
US live cattle futures closed higher on 30 October for a fourth straight session....
Covid-19's impact on the global protein markets
While 2020 has been a year of volatility and uncertainty, in its most recent report, the International Monetary Fund (IMF) offered a more positive outlook for 2021, projected 5 per cent global economic growth. ...
01 November 2020
Australian farmers fear encroachment of EU regulations as trade deal progresses
The National Farmers Federation is concerned that the Australian Government may accept EU regulations on farm goods as part of a future trade relationship. ...
30 October 2020
Weekly beef and dairy digest: US exports lag and EU production expected to rise
Jim Wyckoff's latest beef and dairy industry updates track the production outlook in Europe and slowing beef exports. ...
CME update: live cattle futures jump 3 percent as supplies tighten
US live cattle futures closed higher on 29 October on expectations that tight cattle supplies and rising demand for beef will buoy cash cattle markets....
Argentine oilseed crushers and union to meet again as strike looms
Argentina’s oilseed crushers and exporting firms are scheduled to meet again with a key worker union in order to reach a deal over COVID-19 bonus payments and head off the threat of strike action in the world’s top supplier of processed soy....
29 October 2020
USDA stands by its latest estimate of China’s corn imports
The US Department of Agriculture is defending its forecast of China’s corn imports despite analysts noting the high sales price....
CME update: cattle futures advance as demand remains steady
US live cattle futures rose on 28 October as domestic demand remains steady....
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