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Cattle Industry News By Category: Economics

23 April 2019
USDA Announces Enhancements to Livestock, Dairy Insurance Programmes
US - USDA’s Risk Management Agency (RMA) yesterday announced several enhancements to insurance programmes that will provide a more efficient level of coverage for livestock and dairy producers. ...
Malaysia Ready to Import CSC Beef
ZIMBABWE - Malaysia has expressed readiness to import beef from the Cold Storage Company (CSC) once the firm meets international quality standards that the Asian country upholds....
19 April 2019
Survey Reveals Scots Support Farming, Being Misled About Red Meat
SCOTLAND, UK - Almost two thirds (64 percent) of Scots are concerned about the impact of veganism on Scotland’s farming industry, according to the results of a new *survey carried out by Censuswide....
US Beef, Poultry and Egg Products Gain New Market Access in Tunisia
TUNISIA - US Trade Representative Robert Lighthizer and US Secretary of Agriculture Sonny Perdue announced today that the government of Tunisia and the United States have finalized US export certificates to allow imports of US beef, poultry, and egg products...
18 April 2019
CME: Feeder Cattle Prices at Premium
US - Feeder cattle prices are generally determined by the confluence of Choice slaughter cattle prices and the cost of feed needed to produce an animal of appropriate weight and grade (finish), according to Steiner Consulting Group, DLR Division, Inc....
China May Buy More Beef from Brazil: Ambassador
CHINA - China could agree to import more Brazilian meat after high-level talks set for May, the Chinese ambassador to Brazil has said, according to media reports....
17 April 2019
CME: Canadian Cattle on Feed Notably Above a Year Ago in Q1/2019
US - The Canadian "Cattle on Feed" report was released last week, covering the month of March, reports Steiner Consulting Group, DLR Division, Inc....
16 April 2019
CME: Average Feature Price for Ground Beef at Retail Higher Than a Year Ago
US - According to Steiner Consulting Group, DLR Division, Inc., beef and pork retail feature activity so far this year has been lower than the previous year, at least based on the data tracked and reported by USDA....
IFA Urges Govt, EU to Compensate Farmers for Brexit Beef Losses
IRELAND - Speaking at a large IFA meeting of cattle farmers in Portlaoise last night, IFA National Livestock Chairman Angus Woods said beef farmers have been savaged financially over the last year by Brexit related price cuts....
AgForce Applauds Forward-looking $1.5M Labor Pledge for Cattle Research
AUSTRALIA - AgForce has welcomed the $1.5 million funding promise from the Federal Labor Party for the Beef Central Queensland Livestock Centre of Excellence, a producer-led research programme co-developed with Central Queensland University and the Department...
Czech Livestock Production Sliding
CZECH REPUBLIC - The Czech Republic is becoming less competitive in livestock production and increasingly dependent on imports of livestock and meat and dairy products from abroad despite the growing amount of state support channelled into this sphere,...
China, Japan Make Progress on Lifting Beef Import Ban: Report
CHINA & JAPAN - China and Japan have reached a substantial consensus on an animal health quarantine agreement, which is one of the conditions for lifting a ban on China's imports of Japanese beef, news site kyodonews.net reported on Monday....
15 April 2019
CME: Current Number of Small Cattle Operations Lower
US - Last week, USDA released the much anticipated results of the 2017 Census of Agriculture. The census is conducted every five years and it is the most comprehensive accounting of US agriculture, according to Steiner Consulting Group, DLR Division,...
Japan Sees Progress Toward End to China Beef Ban in High-level Talks
JAPAN - Japan and China agreed during their high-level economic dialogue Sunday on steps that could pave the way for the lifting of a prolonged ban on Japanese beef by Beijing, in the latest sign of a recent improvement in ties between the Asian powers....
12 April 2019
US Beef Centerpiece of Two New HMR Kits Launched in Korea
SOUTH KOREA - Positioning US beef to capitalise on rapidly growing demand for convenience foods in South Korea, USMEF partnered with the country’s second-largest retailer to launch a pair of home meal replacement (HMR) kits that feature chop steak and...
11 April 2019
CME: Minor Changes Made to Beef, Pork Balance Sheets
US - The latest USDA WASDE report offered updated supply/demand projections for grain, livestock and dairy commodities in 2019. The report was viewed as somewhat bearish for grains, especially corn, according to Steiner Consulting Group, DLR Division,...
Cattle Will Suffer as Support for SPCAs Dwindles, IFP Warns
SOUTH AFRICA - The vital work carried out by the Society for the Prevention of Cruelty to Animals (SPCA) in rural areas has been highlighted by the Inkatha Freedom Party....
Seminar Addresses Technical Issues for Companies Exporting Red Meat to Latin America
US - Latin America is a rapidly growing region for US pork and beef exports but labeling, documentation and other technical issues still present significant obstacles in some individual markets....
Farmers Should Reject Candidates Unwilling to Fight on Their Backs for Irish Farmers, IFA Says
IRELAND - Launching the IFA Manifesto for the European Parliament & Local Government Elections in Dublin, IFA President Joe Healy said those elected as MEPs for Ireland next month will have some far-reaching decisions to make about the future of Irish...
10 April 2019
CME: Factors Affecting Cattle/Beef Markets
US - In this report we make an effort not to make a bullish or bearish argument for the market, which sometimes upsets those that hold a certain view of market conditions, writes Steiner Consulting Group, DLR Division, Inc....
Brexit Losses Stand at €100M for Beef Farmers, IFA President Tells Committee
IRELAND - Addressing the Joint Oireachtas Committee on Agriculture yesterday, IFA President Joe Healy said IFA has calculated that beef farmers have already incurred Brexit losses of €101m since last Autumn....
09 April 2019
UK Unions Seek European Farmers' Support on Need to Avoid 'No Deal' Brexit
UK - Faced with ongoing division amongst politicians and continued uncertainty, the Presidents of NFU Scotland, Ulster Farmers' Union, NFU and NFU Cymru have written to the presidents of farming unions in Europe stating their unequivocal position that...
NFU Urges President Against 'Disastrous' Closing of the Southern Border
US - Amidst escalating rhetoric and threats from President Donald Trump to close the US-Mexico border, National Farmers Union (NFU) last week insisted the President avoid such a "disastrous" decision, which would effectively cripple trade with US agriculture’s...
08 April 2019
Belarus to Keep Exporting Beef to Russia
BELARUS - Belarus will continue to export beef to Russia, BelTA learned from Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry....
FAO Food Price Index Holds Steady
GLOBAL - The FAO Food Price Index held broadly stable in March, as a jump in dairy prices was offset by drops in cereal, vegetable oil and sugar price quotations, according to a benchmark UN report released last week....
Prime Cattle Market Showing Early Signs of Recovery
UK - Prime cattle prices in the UK have seen a modest lift over the past week, although they are still markedly lower than this time last year, according to the latest analysis by Quality Meat Scotland (QMS)....
UES Workshops Examine Trade Challenges, Help Establish Marketing Priorities for US Pork, Beef
US - Last week USMEF conducted two full-day workshops on its global marketing priorities – the first focused on US pork, the second on US beef – gathering stakeholder input from a wide range of industry sectors....
UK Farming Unions, IFA Discuss Brexit
EU - In advance of the European Council meeting on 10 April, where an extension to Article 50 could be agreed, the NFU Scotland has met with its UK farming counterparts – NFU and NFU Cymru – at a summit in Co Fermanagh hosted by the Ulster Farmers’...
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