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Cattle Industry News By Category: Economics

19 June 2019
£230m Boost for British Beef as China Agrees to Market Access
CHINA - British beef could be served on Chinese dinner plates by the end of the year, following an agreement reached today between China and the UK....
IFA Welcomes Changes to BDGP Scheme
IRELAND - IFA National Livestock Chairman Angus Woods has welcomed the announcement from the Minister for Agriculture Michael Creed of the simplification to some of the requirements for the Beef Data and Genomics Programme....
18 June 2019
Publication Highlights Importance of Red Meat Industry to Scotland’s Economy
SCOTLAND, UK - The latest edition of the "Scottish Red Meat Industry Profile", produced by Quality Meat Scotland, highlights the importance of the red meat industry to Scotland’s economy....
17 June 2019
CME: No Backlog of Over Finished/Fed Cattle in Feedlots
US - Indications are that the US cattle feeding sector is "current", that is, animals have been marketed in a timely manner, and there is not a backlog of over finished/fed animals in feedlots, reports Steiner Consulting Group, DLR Division, Inc....
First Smart Cattle-breeding Farm Opens in Stepanavan
ARMENIA - The first smart cattle-breeding farm opened today in Stepanavan, in Armenian province of Lori. The opening ceremony was attended by Deputy Minister of Economy Artak Kamalyan....
EU, US Reach Agreement on Imports of Hormone-free Beef
EU - On Friday, the European Commission shared with Member States the successful outcome of negotiations to review the functioning of an existing quota to import hormone-free beef into the EU....
US Pork, Beef Under Spotlight for Vietnam’s Growing Foodservice Sector
VIETNAM - Working to distinguish US pork and beef from competitors’ products while building relationships with traders and foodservice operators in a fast-growing market, USMEF participated in the 2019 edition of Food and Hotel Vietnam. ...
Increased Competition, Changing Trends Impact on Global Leather Demand
UK - Revenues earned by abattoirs from the sale of skins and hides have substantially reduced over the past year as the global demand for leather has collapsed, according to the latest analysis by Quality Meat Scotland (QMS)....
14 June 2019
CME: Grocery Store Beef Prices in May Up from April
US - The US Department of Labor released their monthly report on retail prices on Wednesday, from which USDA Economic Research Service (ERS) parsed and translated the trend in grocery store meat prices, reports Steiner Consulting Group, DLR Division,...
Cattle Pens Needed to Lower Costs for China Overland Trade
MYANMAR - The government should set up suitable holding pens for cattle on the Myanmar side that will help lower the costs of transportation for the overland cross-border trade with China....
Armenian Govt to Help Build Smart Cattle-breeding Farms
ARMENIA - In early April the government of Armenia approved an assistance program for construction, reconstruction and technological re-equipment of small and medium-sized "smart cattle-breeding farms"....
Iconic Scotch Beef Sector Under Cosh
SCOTLAND, UK - Scotland’s iconic beef producers are under the cosh as prices fall to a three-year low. ...
Alternative US Beef Cuts Showcased to HRI Sector in the UAE
UAE - US beef short ribs, minced beef, brisket, flank and tenderloin cube roll were among the alternative cuts promoted by USMEF during a training for hotel, restaurant and institutional (HRI) sector professionals in the United Arab Emirates (UAE)....
QMS Set to Inspire Royal Highland Show Visitors
SCOTLAND, UK - Quality Meat Scotland (QMS) will be pulling out all the stops next week to make the most of the opportunity the Royal Highland Show offers to showcase the Scottish red meat industry and its brands....
IFA Says Supporting Mercosur Deal Would be Reckless for Ireland
IRELAND - IFA President Joe Healy has called on the Taoiseach Leo Varadkar to intervene at the highest levels in Brussels to stop a bad EU-Mercosur trade deal, which would do untold damage to Ireland's €3bn beef and livestock sector....
13 June 2019
CME: Feeder Cattle Trade Volumes Ebbing in May
US - According to Steiner Consulting Group, DLR Division, Inc., the tide of feeder cattle trade volumes during May was ebbing following high marks in April....
New Independent Climate Change Inquiry in Scotland to Map Positive Path for Farming, Food Production
SCOTLAND, UK - A new Independent Climate Change Inquiry is to explore how a low carbon landscape can support a bright future for farming and food. ...
12 June 2019
CME: Fed Cattle Futures Higher on Monday
US - Fed cattle futures were higher on Monday even though it was a rather slow day in terms of fundamental news, reports Steiner Consulting Group, DLR Division, Inc....
Live Cattle Exports Drop as Govt Reviews Trade
NEW ZEALAND - A 25 per cent drop in live exports of breeding cattle in the last five years means a possible ban won't have a big impact on farmers, says an agricultural company involved in the trade. ...
Scotch Beef in Spotlight for Father's Day
SCOTLAND, UK - A new promotion launched by Quality Meat Scotland (QMS) is set to be seen by an audience of one million ahead of Father’s Day (16 June 2019)....
11 June 2019
CME: Cattle Futures Hit Hard Again in W23/2019
US - Steiner Consulting Group, DLR Division, Inc. reports that cattle futures were hit hard again last week....
Brazil Reports Rise in May Beef Exports
BRAZIL - Brazilian beef exports rose 35 percent in May, and 18 percent from January to May, compared to the same month last year, according to the Brazilian Meat Packers Association (Abrafrigo)....
Product Differentiation 'Can Double Beef Earnings'
KENYA - Product differentiation during beef production can bring farmers up to twice their buying price if they exercise proper handling, Kenya Markets Trust's sector manager of livestock Boniface Kaberia has said....
Stats NZ Reports Large Rise in Meat, Dairy Manufacturing
NEW ZEALAND - The largest rise for five years in volumes of meat and dairy products drove manufacturing up for the second quarter in a row, Stats NZ said....
10 June 2019
April Beef Export Below 2018 Levels
US - April exports of US beef were lower than a year ago, according to data released by USDA and compiled by USMEF....
Lanzhou Beef Noodles to Connect Farms with College Canteens
CHINA - Lanzhou beef noodles, a 200-year-old specialty of northwest China's Gansu province, will enter college canteens across China to help increase income of local rural residents....
Dept Changes to Classification Favour Factories Over Farmers, IFA Reports
IRELAND - IFA National Livestock Chairman Angus Woods said the proposal from the Department of Agriculture to change the equations in the classification machines at meat plants, which determine the conformation and fat score of cattle, rewards factories...
07 June 2019
IFA Reaction to Draft EU Regulations on €100m Brexit Beef Fund
EU - Reacting to the draft EU regulation on the €100m Brexit beef fund circulated in Brussels yesterday, IFA President Joe Healy said Minister Creed must reject all conditionality in the draft regulation that does not relate to the actual income losses...
 
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