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Cattle Industry News By Category: Markets

03 July 2020
China puts additional tariffs on Australian beef
China has increased tariffs on Australian beef imports and hints at increased tariffs on whole milk powder later in 2020....
CAP framework will stay until 2022 - European Council
The European Council will extend current Common Agriculture Policy rules until the end of 2022. ...
02 July 2020
June world food price index sees its first increase in 2020
The UN Food Agency reports that world food prices rose in June, marking their first increase of 2020 and rebounding after steep falls triggered by the coronavirus crisis....
CME update: live cattle futures rise as new quarter opens
US live cattle futures closed higher on 1 July on technical and speculative buying at the start of a new month and new quarter....
USMCA hailed as a huge win for US agriculture
The United States-Mexico-Canada Agreement (USMCA) went into effect on 1 July, replacing NAFTA. ...
EU Farmer Confidence Barometer explores the phenomenon of "agri-bashing"
Over 30 percent of French and German farmers are reported as feeling demotivated because of “agri-bashing”. ...
01 July 2020
Researchers measure EU farmer confidence in the early stages of COVID-19
The EU Farmers Confidence Barometer survey was carried out over the first semester of 2020 across ten EU Member States and showed a slight lift in farmers’ moods compared to that of autumn 2019. ...
USMCA launches amid increasing threat of disputes
The revamped trade agreement between Mexico, Canada and the United States takes effect on 1 July....
UK vows to uphold its food standards in US trade talks
On 30 June, the UK government said it would not compromise on environmental protection, animal welfare and food safety standards in talks with the United States as the parties negotiate a post-Brexit trade deal....
CME update: cattle futures sink as corn prices skyrocket
US cattle futures drifted lower on 30 June, facing pressure from a surge in Chicago Board of Trade (CBOT) corn futures that will likely squeeze profit margins for livestock producers....
30 June 2020
CME update: cattle futures make modest gains after last week’s slides
US live cattle futures closed slightly higher on 29 June, bouncing back from early declines and firming on technical buying before the end of the month and quarter....
29 June 2020
NFU welcomes formation of Trade and Agriculture Commission
UK NFU hails the government's concrete action towards safeguarding the UK's food standards as trade talks ramp up. ...
US food exporters sign safety declarations instead of virus-free guarantees
US food and feed exporters are shipping goods to China with letters assuring the safety of their cargo instead of the official virus-free declarations required by Chinese authorities....
Trade group reports that US food suppliers are foregoing China contracts over COVID-19 hurdles
An industry group representing US agriculture producers says that Chinese demands that overseas suppliers guarantee that their shipments are free from COVID-19 contamination are making some shippers forego trading with China....
CME update: cattle futures dip, reacting to pressure from the hog market and restaurant closures
CME live cattle futures dropped on 26 June as traders faced questions about beef demand as COVID-19-related restaurant closures appear more likely....
25 June 2020
US agents seize nearly 10 tonnes of illegal meat at California port
US Customs officials have intercepted prohibited pork, chicken, beef and duck product arriving from China at the ports of Los Angeles and Long Beach. ...
24 June 2020
Multiple Brazilian meat exporters sign Chinese customs declarations
Brazilian beef, pork and chicken exporters have signed declarations stating that goods heading to China are free from coronavirus contamination, as per requests from Chinese authorities....
CME update: cattle futures firm as cold storage supplies decline
US live cattle futures rose on 23 June after two sessions of declines....
23 June 2020
CME update: live cattle futures close lower as supply backlog weighs on industry
Live cattle futures closed lower on 22 June after the USDA Cattle on Feed report showed supplies and placements above trade expectations, but below marketing estimates....
Significant fall in US frozen beef supplies as COVID-19 jacks up meat prices
The USDA and livestock analysts report that US inventories of frozen beef showed significant drops last month....
22 June 2020
China’s food imports must be declared coronavirus-free
China’s customs authority has asked entities exporting food to China to sign a declaration that their goods have not been contaminated by the novel coronavirus....
CME update: cattle futures drop before release of USDA Cattle on Feed report
US live cattle futures fell on Friday as ranches contend with prolonged cattle supply bottlenecks despite slaughterhouses reopening....
19 June 2020
EU debates COVID-19 stimulus strategy
European Union leaders began the process of approving sweeping stimulus packages for European countries that have been hammered by the coronavirus....
Argentine farmers raise concerns over linking sovereign bonds to food exports
Argentina’s farmers have objected to a government proposal that ties the interest rate of bonds issued in the country’s debt restructuring to its agricultural exports....
CME update: cattle futures and beef prices tumble
US live cattle futures fell on 18 June as commodities and boxed beef prices face increasing pressure from rebounding production....
UK meat industry at risk of losing European orders from September
UK meat sector will start losing EU orders within 12 weeks unless government provides clarity on trade arrangements....
18 June 2020
CME update: cattle futures mixed as traders await USDA report
CME live cattle futures were mixed on 17 June....
Brexit explainer - the UK's export regime and what it means for the meat industry
Britain hasn’t exported to Europe for 46 years - but we’re about to start....
 
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