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Cattle Industry News By Category: Economics

30 July 2019
CME: Total Cattle Slaughter During W30 Higher Than Previous Week
US - Steer and heifer slaughter has been running above year ago since early June but lighter carcass weights and robust demand have managed to support overall wholesale beef values, according to Steiner Consulting Group, DLR Division, Inc....
Morrisons Opens Up Beef Supply Chain to Help Farmers Transitioning to Arla UK 360 Standard
UK - In an industry first, Morrisons is to allow bull calves from its dairy suppliers participating in the Arla UK 360 programme into its beef supply chain....
IFA Calls for More Funding, Support for Beef Sector in Crisis
IRELAND - IFA President Joe Healy yesterday said that given the increasing threat of a no-deal Brexit, substantially more EU and Government funding and supports will be needed for the beef sector....
Study Updates Value of Red Meat Exports to Corn Growers, Provides More Details on Soybean Industry Impact
US - Beef and pork exports added 85 cents per bushel to the price of soybeans and 39 cents per bushel to the price of corn in 2018, according to the latest report by World Perspectives Inc. (WPI). Over the past three years, WPI has analysed the impact...
26 July 2019
Union Welcomes Early Loan Scheme Announcement Amid Ongoing Brexit Uncertainty
SCOTLAND, UK - NFU Scotland has welcomed the early announcement that the National Basic Payment Support Scheme (NBPSS) will operate again this year, providing vital financial support for Scottish farmers and crofters at a time of great uncertainty....
24 July 2019
CME: Overall Decline in Beef Inventories
US - The combined inventory of beef, pork, chicken and turkey in cold storage at the end of June was estimated at 2.392 billion pounds, 2.8 percent lower than a year ago but still 4.7 percent higher than last year, reports Steiner Consulting Group,...
IFA Reacts to Ag Minister's Launch of Renewed TB Strategy
IRELAND - IFA Animal Health Chairman Pat Farrell said IFA National Council have strongly rejected proposals by the TB forum to increase TB controls and costs on farms while refusing to address the shortcomings in the current compensation schemes....
Feed Crisis Worries Cattle Farmers Ahead of Eid
BANGLADESH - Cattle farmers in flood-affected northern districts fear incurring huge losses from sale during upcoming Eid-ul-Azha....
Focus Must Turn to Securing Best Possible Brexit Deal
SCOTLAND, UK - Following the announcement of Boris Johnson as the new Prime Minister, NFU Scotland has called on all parties to focus on the urgent matter in hand of securing the best possible outcome in the interests of Scottish agriculture in what will...
Scottish Rugby Players Eat Lean Ahead of World Tournament
SCOTLAND, UK - The Scotland rugby team enjoyed tucking into some delicious Scotch Beef PGI, Scotch Lamb PGI and Specially Selected Pork in Inverness recently after working up an appetite following a national team building event....
23 July 2019
CME: Proportion of Heifers in Feedlots Continue to Rise
US - Two cattle reports were released on Friday by USDA’s National Agricultural Statistics Service (NASS), monthly "Cattle on Feed" and the mid-year "Cattle inventory". Both were in-line with expectations (for pre-report estimates see this Daily...
Farming Unions: Measures Needed to Address Current Beef Price Crisis
UK - The Presidents of the four UK farming unions met at the 100th Royal Welsh Show at Llanelwedd, in Wales, to call for urgent and collaborative action across the whole supply chain to support farmers affected by the ongoing beef price crisis....
Livestock Producers Receive Tax Relief for 2019
CANADA - The Government of Canada yesterday released an initial list of designated regions in British Columbia, Alberta, Saskatchewan, Manitoba and Quebec where livestock tax deferral has been authorized for 2019 due to extreme weather conditions....
22 July 2019
Fodder Crisis Hits Cattle Rearing in Flood-affected District
BANGLADESH - Cattle rearing in flood-affected areas of Lalmonirhat is severely affected for lack of green fodder due to rising floodwaters in Teesta and Dharla rivers for the last one week....
Research: High Prices of Healthy Foods Contribute to Malnutrition Worldwide
GLOBAL - Poor diets are the now the leading risk factor for the global burden of disease, accounting for one-fifth of all deaths worldwide. While the causes of poor diets are complex, new research finds the affordability of more nutritious foods is an...
19 July 2019
CME: Drought Monitor Shows Few Trouble Spots Across US
US - While crop conditions remain a concern, one of the key figures in the crop progress for cattle producers is pasture and range conditions, writes Steiner Consulting Group, DLR Division, Inc....
IFA Calls for Urgent Measures to Address EU Brexit Beef Crisis
IRELAND - IFA President Joe Healy said the EU Commission must act now on the EU Brexit beef crisis, stop substandard beef imports into Europe and also make the €1bn available immediately for direct aid and market supports....
18 July 2019
CME: Feedlot Placements Expected to be Above a Year Ago in July COF Report
US - According to Steiner Consulting Group, DLR Division, Inc., two major cattle reports will be released Friday, 19 July 2019, by USDA National Agricultural Statistics Service (NASS)....
Kenya's Demand for Cattle, Poultry Products to Rise
KENYA - Demand for beef, dairy and poultry products will rise by 90 percent in 30 years as the population increases, a report has shown. ...
New Study Provides Insight into Brexit Impacts for Beef, Lamb Sectors
UK - A new report released today (18 July) reveals the full extent of Brexit’s potential implications for British beef and lamb supply chains....
Hollywood Star Showcases Scotch Beef in New London Venture
UK - Foodies will be able to enjoy high-quality, delicious Scotch Beef PGI at Mark Wahlberg’s new 'Wahlburgers' restaurant and bar following its opening in Covent Garden London....
Scottish Beef Burgers Readily Available but Not at all Supermarkets
SCOTLAND, UK - During a period of prolonged warm weather many in Scotland will be hoping to enjoy some high-quality Scotch Beef burgers....
17 July 2019
CME: Q2 Choice Beef Supplies 1% Higher Compared to a Year Ago
US - The Choice-Select spread has steadily climbed to over $23 per cwt in mid-July, approximately $5 per cwt ahead of the five year average, according to Steiner Consulting Group, DLR Division, Inc....
Bangladesh to Stop Cattle from India
BANGLADESH - The government has decided to halt smuggling of cattle from India to ensure fair price for local farmers and traders during the Eid-ul-Azha....
Govt To Compensate Farmers Who Lost Cattle to Theileriosis
ZIMBABWE - The government has undertaken to compensate all farmers in Mashonaland East province who lost their cattle to Theileriosis also known as January disease....
16 July 2019
CME: Liquidation of Dairy Herd Behind Increase in Cow Slaughter
US - USDA will issue at the end of the week the results of two important surveys. According to Steiner Consulting Group, DLR Division, Inc, one covers the supply of cattle that as of 1 July were in inventory at +1000 head capacity feedlots....
Israeli Ministry Blocks Imports of Palestinian Dairy, Meat Products
PALESTINIAN TERRITORY - As of 1 August, Israeli Authorities will prohibit the export of Palestinian meat and dairy products into East Jerusalem, a decision passed on 1 July this year. ...
Call for Factories to Stop Beef Price Cuts
IRELAND - IFA National Livestock Chairman, Angus Woods confirmed yesterday (15 July) that IFA has been in contact with the senior management in the main beef factory groups and made it clear that beef price cuts will not be tolerated. He said IFA also...
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