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TheCattleSite Latest News: United States

09 April 2020

USDA announces investigation into surging beef prices and flatlining cattle prices during pandemic
USDA Secretary Sonny Perdue will investigate why a sudden rise in beef prices due to coronavirus hoarding didn’t translate into higher cattle prices for farmers....

CME update: US cattle futures rally due to bargain-buying
US cattle futures rose for a second session on 8 April as investors took advantage of steep discounts in futures prices....

08 April 2020

Farmer sentiment plummets as coronavirus concerns rise
The Purdue University/CME Group Ag Economy Barometer recorded its largest one-month drop in sentiment during March....

US NFU urges farm relief from USDA
According to the US National Farmers Union, the USDA must distribute assistance to farmers and rural communities as quickly and fairly as possible. ...

Cargill shutters processing plant due to coronavirus
Meat packing giant Cargill has shut a plant that serves grocery stores due to COVID-19....

CME update: cattle futures ramp up as investors take advantage of discounts
US livestock futures surged on 7 April as steep discounts in futures prices lured investors to buy back in....

07 April 2020

Three US meat plants close as coronavirus spreads
Leading US meat companies shuttered three facilities in Iowa and Pennsylvania that produce pork and beef due to COVID-19, further disrupting the US food supply chain....

CME update: US live cattle futures dive as markets become more uncertain
US live cattle futures fell to their daily trading limit on 6 April – prices for the front-month contract hit their lowest levels since December 2009....

06 April 2020

US Farm Bureau tells USDA to help US farmers immediately
The American Farm Bureau Federation has urged the USDA to make special direct payments to dairy producers, livestock farmers and cattle ranchers....

CME update: cattle futures sink as coronavirus measures upend markets
US cattle futures fell on Friday 3 April as measures to control to COVID-19 pandemic closed schools and restaurants and sent US unemployment rates skyrocketing....

CoBank Quarterly: coronavirus pandemic and economic restrictions upend markets, industries and communities
Labour and supply chains among the biggest challenges facing essential rural industries both in the US and globally....

03 April 2020

US agriculture, wildlife and conservation groups advocate for conservation funding support
On 2 April, 76 farm, conservation and wildlife groups delivered a letter to Congress requesting full funding for conservation programmes and technical assistance for 2021....

CME update: cattle futures dive on coronavirus pandemic
US cattle futures tumbled as concerns mount over skyrocketing unemployment and a possible recession as the coronavirus pandemic continues....

02 April 2020

US Senators urge delay to USMCA implementation
A bipartisan group of 19 US Senators urged the Trump administration to delay the planned 1 June start date for USMCA, saying that the short implementation period would pile pressure on US companies facing tough times due to coronavirus....

CME update: cattle futures sink by their daily limits on coronavirus worries
US cattle futures post limit losses on 1 April as more stringent coronavirus emergency measures slam stock markets and stoke worries of a global recession....

01 April 2020

CME update: cattle futures rebound as the quarter closes
US live cattle futures rose, nearly meeting their 3-cent daily limit on 31 March....

31 March 2020

New US poll sheds light on farmers’ COVID-19 concerns
Nearly 90 percent of farmers surveyed indicate they are at least somewhat worried about the impact COVID-19 will have on their business. More than 50 percent are very or extremely worried about the potential impact, according to a US farmer survey conducted...

JBS cuts production at US facility as precaution
JBS will reduce beef production for two weeks at a Pennsylvania plant after managers displayed flu-like symptoms. ...

CME update: cattle futures ease on concerns of slaughterhouse closures
US cattle futures weakened on 30 March as concerns mounted over slaughterhouses closures due to coronavirus....

US Senators question meat packers’ surging profits during COVID-19
US Senators are calling for investigations of beef processors’ record profit margins after market shake up....

30 March 2020

CME update: cattle futures dive as erratic trade continues
US cattle futures tumbled on 27 March as worries of contracting beef demand and fears that COVID-19 could close slaughterhouses intensified....

29 March 2020

DCHA Conference goes virtual
The Dairy Calf and Heifer Association Annual Conference shifts to an online format amid pandemic. ...

28 March 2020

DCHA webinar"Electrolyte Therapy for Calves" now open
The Dairy Calf and Heifer Association is hosting a webinar with Geof Smith from NC State on 16 April....

27 March 2020

USDA makes the federal loan process more flexible
US farmers facing financial difficulty due to coronavirus will be able to access more flexible federal loans....

US cattle futures tumble as panic buying slows
CME traders report that the daily limit falls signal that consumers are no longer stockpiling meat....

26 March 2020

CME update: cattle futures end mostly lower, signalling an end to the surge
Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on 25 March for the first time in five sessions....

NCBA advocates economic relief for the beef supply chain in relief bill
After the US Senate passed coronavirus relief legislation, the NCBA issued the following statement. ...

NFU US welcomes stimulus bill
New stimulus bill would address the most urgent concerns for family farmers and rural hospitals, says NFU....

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