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Cattle Industry News By Category: Markets

17 May 2019
IFA Meets EU Commission Officials on €100M Brexit Beef Package
EU - IFA National Livestock Chairman Angus Woods and IFA Brussels Director Liam MacHale met with senior officials from Commissioner Hogan’s Cabinet in Brussels yesterday to discuss the details of the €100m Brexit beef package announced by Commissioner...
16 May 2019
CME: Feeder Cattle Prices Take a Tumble
US - Feeder cattle prices have tumbled in the last four weeks, reports Steiner Consulting Group, DLR Division, Inc....
Trade Assistance Must Help All Affected Farmers, NFU Says
US - Following the recent escalation of trade tensions between China and the United States that will likely exacerbate the erosion of agricultural export markets and further depress commodity prices, the US Department of Agriculture (USDA) is expected...
EU Commission Support Paves Way for €100M Brexit Beef Aid Package
IRELAND - IFA President Joe Healy said confirmation that the EU Commission has agreed a Brexit beef package of €50m for Irish beef farmers means the Irish Government is expected to provide matching funding of €50m, bringing the total package to €100m....
15 May 2019
CME: Weather Plays Major Role in Dressed Cattle Weights
US - Cattle dressed weights rose above a year ago for the week ending 20 April after 22 weeks straight of weights coming in below 2018’s, according to Steiner Consulting Group, DLR Division, Inc....
UK Beef Giant Takes Over CSC
ZIMBABWE - Cabinet has approved a joint venture between the Cold Storage Company (CSC) and a United Kingdom firm, Boulstead Beef (Pvt) Limited, which will see the investor injecting US$130 million into the meat processing firm....
Industry Urged to Back 'Meat with Integrity' Campaign
SCOTLAND, UK - People who work in Scotland’s beef, lamb and pork industry are being urged to take part in a brand new "Meat with Integrity" marketing and public relations campaign being launched by Quality Meat Scotland (QMS) in the coming months....
Q1 Beef Exports below Last Year’s Pace
US - For the first quarter of 2019, US beef exports were slightly below last year’s record pace, according to March data released by USDA and compiled by USMEF....
14 May 2019
CME: Beef Production for 2019 Projected to Rise
US - USDA issued last week its first forecasts for meat supplies/prices in 2020, reports Steiner Consulting Group, DLR Division, Inc....
Cargill Invests in Cultured Meat Company
US - The demand for protein is expected to grow 70 percent over the next 30 years as the global population increases significantly. With an eye to complementing its focus on animal protein, Cargill announced today it will invest in Aleph Farms, a cultured...
Rising Meat Appetite Pushes Livestock Turnover to Sh146bn
KENYA - Kenyans’ growing appetite for meat and dairy products saw the livestock sector turnover hit Sh146 billion in 2018 from Sh135.6 billion, supported by private and county government value chains....
Ninh Thuận Livestock Farmers Struggle to Feed Animals Due to Drought
VIETNAM - Farmers in Ninh Thuận Province, which has the largest number of cattle and sheep and goats in the country, are struggling to find natural food for their animals since prolonged hot weather has parched their pastures....
13 May 2019
CME: Higher Beef Prices Likely to be Cause of Slowdown in Shipments During Q1/2019
US - Market focus remains on ongoing trade talks between US and China. But it is still important to stay in tune with fundamentals, writes Steiner Consulting Group, DLR Division, Inc....
Farmers Need Lifeboat to Survive Low Prices, Oversupply Caused by Trade War
US - On the heels of unsuccessful trade negotiations with China, the White House was expected to increase tariffs from 10 percent to 25 percent on $200 billion worth of Chinese goods early Friday morning. ...
EU Urges Japan to Drop Beef Block
JAPAN - The EU’s top agriculture official urged Japan to open up its market for beef from the whole bloc, saying Europe expected “reciprocity” for importing Japan’s famous Wagyu and Kobe beef....
IFA Urges Prioritising of Brexit Aid Package for Beef Farmers
IRELAND - IFA President Joe Healy said the Taoiseach Leo Varadkar and the Minister for Agriculture Michael Creed must maintain maximum political pressure at all levels to secure a €100m Brexit aid package for beef losses....
10 May 2019
CME: Weekly Report for Beef Viewed as Bullish
US - The regular weekly export report for beef and pork was released yesterday and we viewed the report as neutral for the pork complex and bullish for beef, reports Steiner Consulting Group, DLR Division, Inc....
Cattle Industry’s Beef Quality Assurance Program Develops, Distributes Extensive National Manual
US - An official manual for the Beef Quality Assurance program that is both detailed and extensive is now being distributed nationwide throughout the cattle industry....
Vietnam can Reduce Emissions, Save Billions in Ag, Forestry and Land Use
VIETNAM - As nations look toward 2020, when they will take stock of their actions to reduce greenhouse gas emissions under the 2015 Paris Agreement, many are seeking ways to increase their nationally determined contributions, or NDCs, to global emissions...
IFA: Time for Minister Creed to Come Clean on Brexit Negotiations
IRELAND - Speaking ahead of the Irish "Farmers Journal" Beef Summit in Galway, IFA National Livestock Chairman Angus Woods called on the Minister for Agriculture Michael Creed to come clean and tell beef farmers how much he is seeking from Government...
Beef Demand and Cattle Prices
Cattle prices are derived from the total value that consumers place on beef products, writes Derrell S. Peel, Oklahoma State University Livestock Marketing Specialist. ...
09 May 2019
Hot Pot Events Designed to Grow US Beef's Market Share in Taiwan
TAIWAN - Promoting US beef as the best option for hot pot dishes in Taiwan, USMEF teamed with restaurants in Taipei to organize themed events covered by both traditional and social media. ...
Scottish Livestock Farmers Urged to Sign-Up for Open Farm Sunday
SCOTLAND, UK - With one month to go until LEAF Open Farm Sunday, Quality Meat Scotland (QMS) is calling on Scottish livestock farmers to get behind the initiative on 9 June....
World Food Prices Rise in April
GLOBAL - Global food prices rose in April to their highest level in almost a year, led up by meat and dairy prices....
DSCC Mayor Blames Extortion for Spiralling Beef Prices
BANGLADESH - Dhaka South City Corporation Mayor Sayeed Khokon has pointed to extortion in the cattle market for soaring price of beef during Ramadan....
08 May 2019
CME: Wholesale Beef Prices Under Pressure During W17, W18
US - Wholesale beef prices have come under some pressure in the last two weeks, negatively impacting the fed cattle values, according to Steiner Consulting Group, DLR Division, Inc....
07 May 2019
Cattle Soon to be Removed from Essential-goods List
MYANMAR - The government will soon remove cattle from the country’s list of essential goods, paving the way for the liberalisation of the trading and export of livestock, especially to China, where demand is strong....
Events Help Create Demand for US Beef in Shanghai’s Foodservice Sector
CHINA - Working to build demand for US beef in the Chinese foodservice sector, USMEF participated in the Shanghai Nissei Food Show and sponsored a media reception celebrating a catering company’s anniversary of serving US beef. ...
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