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Cattle Industry News By Category: Economics

21 October 2020
EU says that Britain has choices to make on Brexit amid trade impasse
Britain has sovereign choices to make on Brexit and they will determine its future access to the EU's internal market, the chairman of the bloc's leaders said on 21 October, stressing it was now up to London to break an impasse in trade negotiations....
CME update: cattle futures firm on bargain buying
US cattle contracts rebounded on 20 October as traders took advantage of lower prices....
Digital innovation could help pandemic-proof the UK's dairy industry
Dairy farmers across the UK could benefit from a new project which aims to make the industry resilient to threats like COVID-19. ...
20 October 2020
CME update: US cattle futures fall on technical selling
The US cattle market suffered from technical selling on 19 October, continuing its recent losing streak....
UK dairy labour survey to investigate national worker shortage
Dairy farm owners and managers are being encouraged to complete a survey to highlight the issues they have when recruiting labour following an announcement by Government last month (29 September) that access to foreign labour would be limited....
19 October 2020
CME update: cattle futures sink as domestic and export demand for beef slackens
US cattle futures dipped on 16 October as traders contended with weaker-than-expected export figures....
JBS CEO says that Brazil is producing more meat with less land
Gilberto Tomazoni, CEO of meat packing giant JBS SA, reports that livestock suppliers in Brazil are producing more while using less land....
Brazil to suspend tariffs on corn and soy until 2021
Brazil will suspend tariffs on corn and soy imports form countries outside the Mercosur trading bloc until early 2021 in a bid to reduce food prices that are contributing to inflation....
Stalled Brexit negotiations threaten EU agri-food industry
Members of the EU-wide agri-food sector welcome continued negotiations between the UK and EU, but ask for greater clarity and support when planning for the future relationship. ...
16 October 2020
CME update: US cattle futures dip as the second wave of COVID-19 increases
US cattle futures sank on 15 October as impending COVID-19 lockdowns in Europe threaten global meat demand....
Weekly protein digest: China's meat imports expected to fall in 2021
Jim Wyckoff's latest beef and dairy industry updates track China's import future and the international dairy market. ...
US Senate proposes mini-stimulus package, but relief for farmers is still unlikely
After talks over COVID-19 relief for farmers stalled last week, Senate Republicans proposed a mini-stimulus package that would fund the Paycheck Protection Program, but doubts remain about whether it will be adopted. ...
15 October 2020
Fonterra increases farmgate milk price as Chinese demand ramps up
Fonterra Co-operative Group Ltd raised the price range it pays farmers for milk on 15 October as demand from China, its top market, picks up....
CME update: cattle futures dip as wholesale beef prices soften
US cattle futures sank on 14 October following the cash markets lower while wholesale beef prices continue to decrease....
J&F Investimentos, parent company of Brazil’s JBS, pleads guilty to US foreign bribery charges
Brazil’s J&F Investimentos plead guilty to US foreign bribery charges and agreed to pay $128.25 million in criminal fines....
NFU president meets Prime Minister
NFU President Minette Batters met Prime Minister Boris Johnson on 14 October to discuss the need for the UK to safeguard British farming's high standards in trade policy. ...
14 October 2020
CME update: cattle futures rebound after recent losses
US live cattle futures corrected on 13 October amid a stronger wholesale market....
13 October 2020
China’s September meat imports inch up on August numbers
China imported 834,000 tonnes of meat in September 2020, slightly higher than last month....
CME update: cattle futures slip as market feels seasonal pressure
US live cattle futures fell on 12 October following softening seasonal demand and the continued impact from backlogs at slaughterhouses....
What are the key farming issues in the upcoming US election?
Despite President Trump enjoying wide support among US farmers, some have reservations about the impact his trade policies on crop prices and international movement of US farm products....
UK vets stunned as MPs vote against Agriculture Bill amendment on import standards
Vets across the United Kingdom lament a "severe blow for animal welfare" as MPs vote against an amendment that would require food imports to meet the same rigorous welfare and safety standards as UK farm products....
12 October 2020
EU leaders move to ensure tough enforcement powers in Brexit deal
The Financial Times reports that EU leaders like French President Emmanuel Macron will insist on stringent enforcement rules for any trade deal with the UK....
UK dairy profits expected to recover in 2020, says Old Mill
The newly-released Milk Cost of Production Report from Old Mill shows UK Dairy farmers' profits recovering in 2019/20 after falling in 2018/19, mainly due to reduced purchased feed costs. ...
Barretos beef plant resumes exports to China
COVID-19-affected plant owned by Brazil’s Minerva resumes exports to China....
CME update: feeder cattle futures sink to three-month low
Feeder cattle futures dropped on 9 October amid pressure from surging prices for US grain....
UK ministers move to deny MPs vote on blocking chlorinated chicken imports
Reporting in The Independent states that British cabinet members will use an “obscure” rule to prevent lawmakers from voting on food imports....
11 October 2020
Lack of White House support is stalling COVID-19 relief bill - NFU
Despites Congress passing an amended version of the HEROES Act on 1 October, President Trump is refusing to move the law forward until after the election....
09 October 2020
Weekly protein digest: beef exports from US decline while the dairy industry gains ground
Jim Wyckoff's latest beef and dairy update tracks decreasing beef exports from the United States and the impacts of Spain's recent COVID-19 spike....
 
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