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Cattle Industry News By Category: Markets

24 May 2018
CME: Beef Inventories in April Up 2.6% Compared to Previous Month
US - The inventory of beef, pork, chicken and turkey in cold storage at the end of April was estimated at 2.472 billion pounds, 6.7 per cent higher than a year ago and 9.7 per cent higher than the five year average, reports Steiner Consulting Group,...
IFA: Low Income Figures Show Ag Minister Needs to Support Suckler Farmers
IRELAND - IFA National Livestock Chairman Angus Woods has called on the Minister for Agriculture Michael Creed to come on board with farmers and support the strong case for increased targeted support for the suckler cow herd of €200 per cow....
23 May 2018
CME: March, April Cattle Placements Down Compared to a Year Ago
US - Analysts polled ahead of the upcoming USDA 'Cattle on Feed' report agree that feedlots placed fewer cattle on feed this April than they did a year ago, according to Steiner Consulting Group, DLR Division, Inc....
Beef Exports Safe Despite Chinese State Media Threat, Industry Says
AUSTRALIA - The outspoken state-owned Chinese tabloid the "Global Times" has lashed Australia once again, publishing an editorial calling on Chinese officials to cool bilateral relations and reduce imports of Australian goods by billions of dollars....
Cheeky £1 Million Campaign to Promote Beef Thin Cuts
UK - A £1 million advertising campaign aims to add £6 million to the thin cut steak market over the next three years by engaging new families and young couples....
Maine Governor Supports More Trade with China
US - Maine is eagerly looking forward to more investment, students and tourists from China, said Governor Paul LePage....
22 May 2018
Commissioner of Agriculture Promotes EU Beef in China
CHINA - China could shortly allow imports of beef from France, Germany and the Netherlands, which have been under embargo for almost 17 years, according to the EU Commissioner of Agriculture Phil Hogan, Yicai.com reported....
CME: FI Cattle Slaughter in W20 Largest for Any Week
US - In the livestock futures markets last week, Live Cattle contracts declined; the June contract was $102.98 per cwt. (average of the daily closing prices), dropping $4.49 for the week, reports Steiner Consulting Group, DLR Division, Inc....
21 May 2018
CME: Beef Trimmings Prices Unusually Stable So Far
US - Beef trimmings prices have been unusually stable so far this year when compared to recent years, as well as beef cut prices at the wholesale level, reports Steiner Consulting Group, DLR Division, Inc....
Huge Opportunities for Farmer-to-farmer Learning This Summer
UK - UK farmers and growers will have access to more than 50 farmer-to-farmer learning events this summer....
US Beef Cooking Demonstrations Target UAE’s HRI Sector
UAE - Working to increase the visibility of US beef in the United Arab Emirates’ (UAE) HRI sector and gain confidence among chefs and foodservice operators, USMEF coordinated two cooking demonstrations at recent Emirates Culinary Guild meetings at the...
18 May 2018
CME: Erosion of Choice Boxed Beef Cutout Value
US - The Choice boxed beef cutout value (negotiated trade calculated and reported by the Market News Division of USDA’s Agricultural Marketing Service) has eroded since last Friday when it reached $232.12 per cwt., reports ...
US Beef Market Poses Threat to NZ Returns This Year
NEW ZEALAND - The likely forced slaughter of US cattle due to drought is set to pressure global beef trade and prices, posing a threat to New Zealand beef returns, a visiting North American cattle industry expert has warned local producers....
NCBA Urges 'No' Vote on Brat/Blumenauer Farm Bill Amendment
US - The National Cattlemen’s Beef Association (NCBA) and more than 40 of the nation’s most influential commodity trade associations are urging Congress to stand with farmers, ranchers, and rural communities by voting down the amendment offered by...
17 May 2018
CME: Negative Shift in Beef, Pork Demand
US - At the consumer level, beef demand is notoriously difficult to measure, as are shifts in that relationship, according to Steiner Consulting Group, DLR Division, Inc....
QMS Unveils Focused Five Year Strategy, Vision
SCOTLAND, UK - The organisation tasked with promoting some of Scotland’s most iconic food brands, Quality Meat Scotland, has this week (Wednesday, 16 May 2018) unveiled a new strategy and vision for the five-year period to 2023....
Brand Ireland Approach Needed for Beef in China, Says IFA
CHINA - IFA President Joe Healy has said Ireland should take a brand Ireland approach to selling beef to China. He said the Chinese market presents a unique opportunity to build a high value Irish beef brand, similar to Kerrygold for dairy....
16 May 2018
Frictionless Trade with EU Vital for UK Livestock Sector, Say Farming Unions
UK - Livestock representatives from farming unions in all parts of the UK attended a meeting in Edinburgh last week, hosted by NFU Scotland. Top of the agenda for the representatives was the on-going uncertainty over the UK Governments policy for post-Brexit...
Livestock Agents Plead Guilty to Non-compliance of Cattle Traceability System
AUSTRALIA - Three Gippsland livestock agents have avoided conviction after pleading guilty to charges relating to the movement of cattle....
15 May 2018
IFA Says China Trade Mission Crucial as Brexit Uncertainty Persists
IRELAND - IFA President Joe Healy has travelled to China this week as part of a Ministerial trade mission, following the opening of the Chinese market for Irish beef last month. He is joined by Livestock Chairman Angus Woods and Pigs Chairman Tom Hogan....
China's Farm Produce Prices Continue to Dip
CHINA - China's farm produce prices continued to fall in the week ending 13 May, according to data from the Ministry of Commerce....
CME: Retailers Once Again Take Advantage of Increase in Beef Supply Availability
US - Memorial Day weekend is just two weeks away, a critical demand period for meat protein sales. Retailers have once again taken advantage of the increase in beef supply availability to feature more beef in the meat case, reports Steiner Consulting...
14 May 2018
Beef Price Placed at Tk 450/Kg for Ramadan
BANGLADESH - Ahead of the Ramadan, the Dhaka South City Corporation (DSCC) authorities have fixed the price of beef per kilogramme at Tk 450....
US Beef, Pork Pair with US Potatoes for Culinary Workshop in Vietnam
VIETNAM - USMEF partnered with Potatoes USA to host a US Meat and Potatoes Culinary Workshop in Phu Quoc, Vietnam. ...
Trade Tensions with China Make US Farmers Fear Losses
US & CHINA - Luck has not been on the side of American farmers in the midwest this year....
11 May 2018
CME: Q2 Beef Production Forecast to Rise Compared to a Year Ago
US - Steiner Consulting Group, DLR Division, Inc. provides key highlights from the latest WASDE report....
Prime Cattle Trade Firms in Line with Seasonal Trend
UK - UK farmgate prices for prime cattle continue to rise, following the same pattern as last year and maintaining a premium of around three percent on the year. ...
Beef Industry Addresses Consumer Concerns About Environment, Animal Welfare
AUSTRALIA - Beef producers are using innovation to address rising pressures from environmental and animal activists about how the industry operates....
 
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