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Cattle Industry News By Category: Economics

09 December 2019
CME: Decline in Total Weights of Slaughter Cows in 2019
US - This publication covers the 90s market quite regularly, but another subset of the cow market that has gained steam this year is premium whites, writes Steiner Consulting Group, DLR Division, Inc....
US Beef Exports Down from Last Year
US - October beef exports were below the very high totals posted a year ago, according to data released by USDA and compiled by USMEF....
IFA Campaign for Higher Beef Prices Continues with Blockade at Tesco
IRELAND - IFA this morning blockaded the Tesco central distribution centre in Donabate, Co Dublin as part of the ongoing farmer campaign for an increase in beef prices....
EU Not Ready to Import Nhabe Beef
BOTSWANA - The European Union's (EU) Head of Cooperation, Mr Federico Berna says EU markets are not ready to import beef from the Ngamiland region....
06 December 2019
CME: Choice-select Boxed Beef Spread Above Same Week Last Year
US - The choice-select boxed beef spread was $21.07 the last week of November, this was 47 percent above the same week last year, according to Steiner Consulting Group, DLR Division, Inc....
Global Food Prices Jump in November
GLOBAL - World food prices rose significantly in November, reaching their highest point in more than two years, driven by jumps in the international prices of meat products and vegetable oils....
IFA Campaign for Beef Price Increase Continues with Blockade in Cork
IRELAND - IFA has stepped up its campaign for an increase in the price of beef by blockading the Lidl distribution centre in Charleville, Co Cork this morning....
05 December 2019
CME: COF Report Skewed Toward Lower End of Pre-report Estimates
US - Last week, this publication noted that placements in October were rumored to be quite large, but that the "Cattle on Feed" report skewed toward the lower end of pre-report estimates, according to Steiner Consulting Group, DLR Division, Inc....
Tyson's Kansas Beef Plant to Resume This Month
US - Following the 9 August fire that disrupted operations at its Holcomb, Kansas beef complex, Tyson Fresh Meats, last month made an announcement that reconstruction of the facility is near completion. ...
IFA Blocks Retail Distribution Centre to Highlight Broken Beef Supply Chain, Demands Immediate Price Increase
IRELAND - The IFA this morning protested at the Aldi distribution centre in Naas, Co Kildare, demanding a significant and immediate beef price increase to bring the Irish beef price at least in line with the Bord Bia European Export Benchmark Price Index....
Japan Parliament Approves US-Japan Trade Agreement; Positive News for US
US - On 4 December, the Upper House of the Japanese Parliament approved the US-Japan trade agreement, which will greatly improve access for US red meat in Japan. ...
Canadians Celebrate St Andrew’s Day with Scotch Beef PGI
CANADA - One of Scotland’s most iconic foods, Scotch Beef PGI, has taken centre stage at a celebratory event in Canada to celebrate St Andrew’s Day....
04 December 2019
CME: Beef Retail Activity for W47 Above Last Year's Level
US - The retail feature activity index reported by USDA is publicly available information that tracks the weekly features of retail and some private stores, writes Steiner Consulting Group, DLR Division, Inc....
IFA President Makes Price Increase Priority at Beef Task Force
IRELAND - The IFA President Joe Healy said IFA made an immediate and significant cattle price increase the priority issue at the Beef Task Force meeting in Dublin yesterday....
03 December 2019
CME: Beef Prices Slightly Volatile During Holiday Week
US - While beef prices tend to be a bit volatile during the holiday week, they don’t face the same sort of constraints as pork, reports Steiner Consulting Group, DLR Division, Inc....
Korean Beef Imports from US Recover to Half of Total
SOUTH KOREA - US beef, once shunned by consumers fearful of mad cow disease, is now half of total beef imports....
New EU Commission Must Back Agriculture, IFA Says
EU - Speaking as the new EU Commission took up office, IFA President Joe Healy said this Commission will preside over some of the most important decisions in the history of the EU....
02 December 2019
CME: November Beef Export Shipments, Sales Quite Strong
US - Weekly trade data released from USDA offered a rather positive view of US beef export demand although, as usual, we suggest you pay attention to the detail and understand what these numbers tell us, writes Steiner Consulting Group, DLR Division,...
Farmgate Beef Prices Benefit From Modest Increase
SCOTLAND, UK - After a prolonged period of decline, farmgate beef prices in Scotland have increased by 2 percent over the past month, according to the latest market analysis by Quality Meat Scotland (QMS)....
Export Prices Riding High on Meat, Dairy
NEW ZEALAND - Export lamb and beef prices reached new highs in the September 2019 quarter, Stats NZ said today....
US Beef Imports at Record High in Korean Imported Beef Market
SOUTH KOREA - Beef imported from the United States increased significantly to hit a share of over 50 percent of South Korea's imported beef market this year, a trade promotion agency said Monday....
01 December 2019
US-based Dean Foods Bankruptcy Update
Many people will have heard that Dean Foods declared bankruptcy recently and thought about the gallon jug in their refrigerator and wondered what is going on, writes Phillip Durst, Michigan State University Extension...
29 November 2019
British Red Meat Production Part of Solution to Climate Crisis, Universities Hear
UK - Sourcing British, climate-friendly beef and lamb can play an important role in tackling the climate crisis – that’s the take-home message from the NFU’s meeting with the country’s universities this week....
USMEF Calls EU Approval of US-EU Beef Agreement 'Outstanding News'
US - On 28 November, the European Parliament voted to approve a plan granting the United States a country-specific share of the European Union’s duty-free high-quality beef quota. ...
28 November 2019
CME: Nebraska Leads States in Beef Export Value
US - USDA Economic Research Service (ERS) publishes state-level export statistics of selected commodities based on farm-cash receipts data, reports Steiner Consulting Group, DLR Division, Inc....
IFA Says Ag Minister Cannot Allow Beef Sector to be Held to Ransom
IRELAND - IFA President Joe Healy said that Larry Goodman’s ABP group and the unwillingness of the Minister to take charge of the situation has resulted in farmer frustration boiling over, referring to Mr Goodman's behaviour as "petty"....
27 November 2019
CME: Beef in Cold Storage Declines Relatively to Year Ago
US - According to Steiner Consulting Group, DLR Division, Inc., USDA– NASS released the "Cold Storage" report on Friday, 22 November 2019, for the month of October, stating that beef in cold storage declined relative to a year ago and a month ago....
Dairy, Beef & Lamb Exports Rise in October
NEW ZEALAND - Exports of dairy products, beef, and lamb, particularly to China, increased in value in October 2019, Stats NZ said today....
 
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