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Cattle Industry News By Category: Markets

02 October 2020
Weekly protein digest: beef exports to China are threatened by COVID-19 restrictions
Read Jim Wyckoff's latest beef and dairy industry updates from around the world....
01 October 2020
China temporarily suspends beef imports from Minerva plant in Brazil
China has temporarily suspended imports from a beef planted owned by Minerva SA for one week....
Argentina’s beef exports to China remain at pre-pandemic levels
Argentina is expected to export about 870,000 tonnes of beef to China in 2020, matching 2019’s export numbers....
CME update: cattle futures falter as grain prices skyrocket
US live cattle futures slipped on 30 September and feeder prices dipped as prices for grain used as animal feed soared....
Pandemic revealed structural weaknesses in the US farm and food system
In the NFU's testimony to Congress, President Rob Larew told a house committee that COVID-19-related disruptions exposed underlying weaknesses and structural challenges for US farmers and the food system....
30 September 2020
Trump administration eyes trade deal with Taiwan
A group of Republican lawmakers is calling on the Trump administration to open trade talks with Taiwan in a bid to thwart economic and national security threats from China....
CME update: cattle futures climb as demand strengthens
US live cattle futures rose on 29 September as traders noted signs of strong beef demand and expectations of firm cash cattle trading this week....
UK government opts to exclude foreign dairy workers from SOL
A last-ditch attempt to include dairy workers on the UK's Shortage Occupation List (SOL) has been rejected, sparking fears of worker shortages in the industry. ...
UK meat industry well positioned to break into the Middle Eastern market
Middle Eastern markets present a huge opportunity for the UK's red meat exports with the region importing nearly 90 percent of its locally consumed beef and lamb. ...
29 September 2020
AHDB data shows UK shoppers restricting purchases due to COVID-19
Price is on the rise as a key purchase driver as new AHDB research reveals a third of UK consumers have seen a change in household employment status in the wake of COVID-19....
Industrial action at Australian port strains agriculture sector
The recovery of Australia's farm sector has been thrown in jeopardy as crucial port reduces capacity as part of ongoing industrial action. ...
CME update: cattle futures inch up as cash markets look more optimistic
US live cattle futures closed higher on 28 September, reversing their low opening as strong packer margins raised expectations for higher cash cattle trade for this week....
28 September 2020
Beijing urges frozen food importers to shun countries with severe COVID-19 outbreaks
Beijing has called on importers to shun frozen food from countries contending with ongoing coronavirus outbreaks....
Synlait Milk forecasts higher earnings despite drop in annual profit
New Zealand’s Synlait Milk reported a 9 percent drop in annual profit on 28 September, but forecasts strong underlying core earnings for 2021 based on its core infant and lactoferrin business....
New Zealand’s a2 Milk projects weaker revenue for end of 2020
New Zealand’s a2 Milk Company Ltd forecast lower first-half revenue on 28 September as lockdown measures in Australia’s Victoria state hurt its informal Chinese sales channel more than expected....
CME update: cattle futures weaken as cattle placements look stronger than expected
US cattle futures closed lower on 25 September, with the front-month live cattle contract falling from its highest level in more than a month on some end-of-week profit taking....
25 September 2020
NCBA seeks its own solution to cattle market transparency
Senator Deb Fischer has introduced the Cattle Market Transparency Act, hoping to provide additional price transparency for US cattle producers. ...
China’s August soybean imports from Brazil jump 22 percent from 2019
China’s August imports of soybeans from Brazil rose 22 percent from a year ago as buyers increased their purchases to capitalise on higher margins in early 2020....
Weekly protein digest: EU beef consumption on downward trend
Read the latest beef and dairy industry updates from Jim Wyckoff....
24 September 2020
CME update: cattle futures gain ground ahead of USDA report
US live cattle futures rose on 23 September as traders weighed improving slaughter rates against expectations of higher placements in the USDA’s Cattle on Feed report....
23 September 2020
CME update: cattle futures sag ahead of monthly USDA report
CME live and feeder cattle futures fell on 22 September in anticipation of Friday’s Cattle on Feed report from the USDA....
22 September 2020
Korea currently Australia’s top tenderloin market amid COVID restrictions
COVID-19 cases in South Korea have recently resurged, with new daily cases remaining above 100 since mid-August, impacting restrictions. ...
21 September 2020
“Agri-Food Companies Must Get Ready for Brexit” - Urgent Message to Stakeholders
The Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D., has called on companies in the agri-food and fisheries sectors to urgently complete their preparations for the new trading arrangements that will pertain between the EU and UK...
Top 3 feed questions from Friday’s USDA estimates
The USDA is often cautious when it comes to revising forecasts, using what can be evidenced. Last Friday, the forecasts for Russian wheat production plus Chinese imports remained unchanged though there was some industry expectation for increases. Meanwhile...
Economist reviews shocks to beef industry with implications for prices ahead
The beef cattle industry has already experienced three big “shocks” this year and the effects are ongoing, but have been blunted to some extent, according to a Kansas State University agricultural economist....
18 September 2020
UK’s July beef imports remain down, exports more typical
The latest data from HMRC shows that in July UK beef imports (including primary, processed and offal) totalled 23,400 tonnes, down 12% on the year....
17 September 2020
Did coronavirus impact UK dairy trade?
The coronavirus pandemic has inevitably had an impact on global trade, with IHS Markit dubbing April-June 2020 “the worst quarter in trade on record”. ...
Economic significance of Australia’s red meat, livestock industry
The recently released State of the Industry Report 2020 shows that domestic and export sales of red meat and livestock in 2018-19 totalled $28.5 billion, of which red meat exports contributed $17.2 billion and domestic sales accounted for the remaining...
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