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Cattle Industry News By Category: Economics

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...
QMS Raises Awareness of Key Role of Auctioneers
SCOTLAND, UK - A tranche of activities to raise awareness of the key role of auctioneers in the Scottish red meat industry has been undertaken in recent months by Quality Meat Scotland (QMS)....
Villagers Clash Over Beef Sales in Brahmanbaria
BANGLADESH - At least 22 people sustained injuries as two groups of villagers in Brahmanbaria locked in a clash following an altercation over selling beef....
06 June 2019
Principles for Distribution of €100m Beef Fund Discussed at IFA Meeting
IRELAND - At IFA’s first regional information meeting in Claremorris for livestock farmers on the €100m beef fund, there was backing for the six key principles that the IFA Livestock Committee and National Council set out for the distribution of the...
Ministry Unveils Plan to Boost Cattle Numbers
MYANMAR - The Livestock Breeding and Veterinary Department is cooperating with the private sector on a five-year plan for natural breeding, asexual breeding, development of animal feed and pasture, and control of infectious diseases to increase the nation’s...
Beef Price Hiked Ahead of Eid
BANGLADESH - Just ahead of Eid-ul-fitr beef price has soared in the kitchen markets of Dhaka since Tuesday....
Food Prices Rise Amid Weak Production Outlook for Maize
GLOBAL - Global food prices rose for the fifth consecutive month in May, pushed up by rising prices of cheese and maize due to adverse weather conditions....
Food Freshness Sensors Could Replace 'Use-by' Dates to Cut Food Waste
UK - Researchers say new sensors could help detect spoilage and reduce food waste for supermarkets and consumers....
Consumers Want Food Labelling Details Spoon-fed
US - In 2016, Congress passed a federal mandate requiring manufacturers to label bioengineered foods. Since then, industry leaders have been searching for quick and easily accessible methods for sharing information about how and why a product was bioengineered,...
05 June 2019
CME: Fed Cattle Futures Continue to Lose Ground; Will Brazil BSE Case Affect US Cattle Prices?
US - Fed cattle futures continued to lose ground on Monday, as market participants worry about the broader macro trends and the potential impact this may have on beef/cattle market down the road, Steiner Consulting Group, DLR Division, Inc. reports....
Drought Threatens to Wipe Out Over Half of Zimbabwe’s Cattle
ZIMBABWE - Farmers and livestock experts say escalating diseases, as well as the devastating effects of the El Niño-induced drought, have combined to put millions of animals at risk of dying....
Importing Cattle from Sabah Not Practical, Says SEDC
MALAYSIA - The Sarawak Economic Development Corporation (SEDC) has continued to defend its purchase of a second cattle property in Australia, saying importing cattle from Sabah instead would incur high costs....
04 June 2019
CME: Live Cattle Futures Steady to Slightly Higher for Most of W22
US - A Memorial Day shortened work week has not been an impediment to the chaos that washed over the food and agriculture markets this week, writes Steiner Consulting Group, DLR Division, Inc....
Brazil Suspends Beef Exports to China Due to BSE
BRAZIL - Brazil is suspending beef exports to China after confirming a case of 'mad cow disease', describing it as an isolated instance with no evidence of any widespread outbreak....
SIAL China Provides Platform for Expanding Opportunities for US Beef, Pork
CHINA - Continuing its work to promote the quality and availability of US beef and pork to China’s retail, foodservice and Hotel, Restaurant and Institutional (HRI) sector, USMEF had a huge presence at this year’s SIAL China in Shanghai, one of the...
03 June 2019
CME: Results of 'Meat Production, Distribution and Income' Report
US - USDA NASS released "Meat Production, Distribution and Income" last Thursday for 2018, along with the Final Estimates from 2013-2017. Among the reported numbers is cash receipts, value of home consumption and gross receipts, reports Steiner Consulting...
Live Export Relief as New Cattle Density Rules Delayed
AUSTRALIA - Cattle exporters have been granted an 11th-hour reprieve after being told yesterday tougher new rules that reduce stocking densities up to 15 per cent will not come into effect from today as originally planned....
Programme Teaches Cambodian Chefs about Versatility of US Pork, Beef
SINGAPORE - Strengthening its relationship with a key importer while working to increase sales of US pork and beef in Cambodia, USMEF hosted a US meat culinary programme for a team of chefs considered to be leaders in their country’s foodservice industry....
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