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Cattle Industry News By Category: Economics

14 May 2021
Weekly beef and dairy digest: US beef sales and exports slide again
US beef sales are faltering from last month, while the dairy sector holds steady at the start of May. ...
New report shows that CAP measures help bolster farm income
The EU's Common Agricultural Policy (CAP) measures play an important role in supporting farm income, according to a newly-published report....
13 May 2021
Danone to sell potential $2 billion stake in China Mengniu
French food group Danone , under pressure from investment funds over its shareholder returns, says it is selling a potential $2 billion stake in China Mengniu Dairy Company....
CME update: live cattle futures end mixed and feeders rise as corn prices falter
US live cattle futures closed mixed on 12 May, with the benchmark June contract easing in a light round of profit-taking....
JBS swings back to profit in first quarter on strong US meat business
JBS, the world’s largest meatpacker, returned to profitability in the first quarter thanks to the strong performance of its US meat operation, it said in an earnings statement on 12 May....
Drought conditions are hitting Brazil’s latest corn crop, potentially squeezing meatpacker margins
Dry weather and poorly timed planting are weighing on Brazil's second corn crop this year, reviving fears of another surge in feed prices like the one that battered big meatpackers after a 2016 drought....
EU and Northern Ireland risk being cut off from vital UK meat trade, says BMPA
Nick Allen from the British Meat Processors Association (BMPA) writes that the post-Brexit meat export system threatens to cut off the UK's trade with the European Union and Northern Ireland. ...
UK NFU calls for strengthened trade standards as part of Action Plan for Animal Welfare
The National Farmers Union has welcomed the recent raft of animal welfare measures proposed by the government, but says that the improved standards should apply to both imported and domestic goods. ...
12 May 2021
CME update: live cattle futures extend their rally as beef prices climb
US live cattle futures rose on 11 May for a fifth straight session, following high-flying wholesale beef prices....
Tyson Foods warns that rising costs will erode profits despite lifting its revenue outlook
American meat processing giant Tyson Foods expects that rising costs will hit profits in later quarters of 2021, even though the company raised its full-year revenue forecast due to higher meat prices and improving consumer demand....
11 May 2021
CME update: cattle futures rise again as demand remains strong
US live cattle futures gained on 10 May as cattle processing picked up, led by strong beef prices....
Tyson Foods beats sales estimates in second-quarter 2021
Tyson Foods, the largest US meat processor, outperformed second-quarter revenue projections on 10 May due to strong demand for poultry from the food service sector....
10 May 2021
CME update: cattle futures rise on improved US beef prices and an upswing in demand
US cattle futures rose on 7 May as strong beef prices and demand for red meat that catapulted margins for beef processors....
Trade, workforce development and climate action are the key priorities for Australian farming, says NFF
Australia's National Farmers Federation (NFF) is petitioning the government to make further investments in trade development, climate adaptation and the agricultural workforce ahead of the 11 May federal budget....
Controlling Feed Loss, Spoilage Important for Cattle Production
Feed spoilage and waste obviously cost money, but they may have bigger impacts on cattle health, as well. Denise Schwab, beef specialist with Iowa State University Extension and Outreach, offers these reminders of feed loss types, causes and effects and...
08 May 2021
Consumers likely to consider health and environmental impacts of food after the pandemic
A panel of experts explains that health and environmental sustainability are influencing consumers' shopping decisions - and that this trend is likely to continue....
07 May 2021
CME update: cattle futures rise with wholesale meat prices
US live cattle futures climbed on 6 May as US wholesale prices increased....
China’s meat imports up 6.9% in April 2021
China imported 922,000 tonnes of meat in April 2021, up 6.9% from the same month in 2020 according to Chinese customs data....
Weekly beef and dairy digest: US takes a firmer stance on China
In this week's beef and dairy digest, Jim Wyckoff walks us through the latest USDA data on the cattle industry. ...
World food price index climes to highest point since mid-2014
World food prices rose for an eleventh consecutive month in April 2021, hitting their highest level since May 2014....
06 May 2021
FHA Match: Dairy – Showcasing finest collections of dairy products and dairy alternatives
As a key component in cuisines around the world, the use of dairy as an ingredient or as the produce itself is both widespread and versatile....
FMD and COVID-19 send meat prices soaring in Uganda
Prices for meat in Uganda are expected to more than double in the coming months due to livestock shortages....
USMEF reports record-breaking beef exports in March
US exports of beef and pork posted record highs in March 2021, according to data released by the USDA and analysis from the US Meat Export Federation (USMEF)....
05 May 2021
CME update: cattle futures end lower as supplies rise
US live cattle futures sank on 4 May as traders contended with ample supplies of cattle and a steady slaughter pace....
04 May 2021
South Korean dairy boss quits over claim yogurt drink effective against COVID-19
The chairman of a major South Korean dairy company stepped down on 4 May after police launched an investigation into the company's assertion that its yogurt drink was effective in fighting the novel coronavirus....
CME update: cattle futures end mixed as traders brace for weak cash prices
Despite strong export demand and climbing packer margins, traders reported a mixed day on 3 May....
03 May 2021
CME update: live cattle futures gain ground while feeder cattle continue their decline
US live cattle futures rose on 30 April while feeder cattle futures continued to fall as climbing corn futures translated into higher feed costs....
UK beef sector courts US market in virtual event series
High quality offerings from the UK's red meat sector will take center stage next month in a series of virtual events targeting the US foodservice market....
 
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