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Cattle Industry News By Category: Processing

30 October 2020
CME update: live cattle futures jump 3 percent as supplies tighten
US live cattle futures closed higher on 29 October on expectations that tight cattle supplies and rising demand for beef will buoy cash cattle markets....
29 October 2020
CME update: cattle futures advance as demand remains steady
US live cattle futures rose on 28 October as domestic demand remains steady....
28 October 2020
CME update: cattle futures rebound as traders adjust to new supply reality
US live cattle futures rebounded on 27 October as packers kept processing at a higher-than usual pace....
Tyson workers to replace some federal inspectors at US beef plant, with pork and poultry companies following suit
Tyson Foods says that it plans to have company employees take on duties from more than a dozen federal inspectors from January 2021....
27 October 2020
CME update: live cattle futures hit lowest price since June amid supply pressure
US live cattle futures fell on 26 October, with the most-active contract sinking to its lowest price since June....
26 October 2020
Two Brazilian meat plants operated by BRF and Marfrig to restart sales to China
Beijing has authorised two Brazilian meat packing plants to resume sales to China after receiving bans over COVID-19 concerns earlier this year....
Covid-19 creates perfect price forecasting storm
When Covid-19 first surfaced in early 2020, global protein markets were still responding to the pork shortages caused by African Swine Fever (ASF). ...
22 October 2020
CME update: US cattle futures retreat after modest gains
US live cattle futures eased on 21 October, retreating back toward seven-week lows hit on 19 October after a bargain buying fizzled as investors eyed plentiful cattle supplies....
21 October 2020
CME update: cattle futures firm on bargain buying
US cattle contracts rebounded on 20 October as traders took advantage of lower prices....
20 October 2020
CME update: US cattle futures fall on technical selling
The US cattle market suffered from technical selling on 19 October, continuing its recent losing streak....
Tyson Foods to provide 80,000 meals to combat food insecurity
A gift from Tyson Foods will provide 80,000 meals to people in the US state of Iowa who are food insecure through Beef Up Iowa programme....
19 October 2020
CME update: cattle futures sink as domestic and export demand for beef slackens
US cattle futures dipped on 16 October as traders contended with weaker-than-expected export figures....
16 October 2020
CME update: US cattle futures dip as the second wave of COVID-19 increases
US cattle futures sank on 15 October as impending COVID-19 lockdowns in Europe threaten global meat demand....
15 October 2020
CME update: cattle futures dip as wholesale beef prices soften
US cattle futures sank on 14 October following the cash markets lower while wholesale beef prices continue to decrease....
J&F Investimentos, parent company of Brazil’s JBS, pleads guilty to US foreign bribery charges
Brazil’s J&F Investimentos plead guilty to US foreign bribery charges and agreed to pay $128.25 million in criminal fines....
14 October 2020
CME update: cattle futures rebound after recent losses
US live cattle futures corrected on 13 October amid a stronger wholesale market....
Argentina’s oilseed workers go on strike at key ports
Argentina’s Federation of Oilseeds Workers began open-ended wage strikes on 13 October, with no sign of government intervention that would force members back to work during new contract negotiations....
13 October 2020
CME update: cattle futures slip as market feels seasonal pressure
US live cattle futures fell on 12 October following softening seasonal demand and the continued impact from backlogs at slaughterhouses....
Women underrepresented in meat industry workforce - new report
New report shows that women make up 36 percent of meat industry work force, 14 percent of board-level director positions and 5 percent of executive roles. ...
12 October 2020
Barretos beef plant resumes exports to China
COVID-19-affected plant owned by Brazil’s Minerva resumes exports to China....
09 October 2020
German minister calls for meatpackers to work longer hours after latest COVID-19 outbreak
Germany’s agriculture minister has called for state governments to allow slaughterhouses and meat packing plants to work longer hours to address a backlog of animals that built up on farms during the first wave of the coronavirus....
08 October 2020
New COVID-19 outbreak in Germany shutters meatpacking plant
A German slaughterhouse contending with a coronavirus outbreak has been ordered to close by health authorities....
CME update: live cattle futures reach highest price since 20 August
US live cattle futures gained on 7 October but feeder cattle prices saw uneven trading....
Backlogs in global meat processing expected to last into 2021
Economic uncertainty, as well as shifts in supply and demand, has caused great uncertainty in global protein markets. The situation has been further exacerbated by outbreaks of illness due to Covid-19 at the processing level that have created bottlenecks...
07 October 2020
CME update: US cattle futures trade mixed, with live contracts edging higher
US live cattle contracts received support from the strengthening cash markets on 6 October....
Argentine farmers warn that tax cuts favour oilseed crushers and won’t prompt sales
A new export tax regime in Argentina leaves a higher levy on soybeans than processed soy oil and soy meal, prompting claims that the country is subsidising the oilseed crushing industry....
06 October 2020
CME update: strong cash markets boost cattle futures
US live cattle futures gained ground on 5 October on expectations that cash prices will remain advantageous....
05 October 2020
CME update: cattle futures sag as demand looks uncertain
US live cattle futures fell on Friday 2 October, taking a que from falling global financial markets after President Donald Trump tested positive for COVID-19....
 
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