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Cattle Industry News By Category: Economics

26 December 2020
UK awards £21 million to farm sector to boost productivity
More than 3,800 farmers are expected to benefit from £21 million investment in productivity-boosting equipment from the UK Government's Countryside Productivity Small Grants (CPSG) scheme. ...
17 December 2020
Australian inquiry lends support to growth plan for ag sector
An inquiry in Australia's parliament has voiced support for the farm sector's growth vision for 2030. ...
16 December 2020
Royal Agrifirm Group and PMI announce marketing partnership to expand feed portfolios, market access
Two leading global agricultural cooperatives, U.S-based Land O’Lakes, Inc. and The Netherlands-based Royal Agrifirm Group announce a new strategic partnership in functional feed additives to expand presence and product portfolio through a global market...
EU farming unions pen open letter urging the European Commission to adjust policy to reflect market realities
European agri-food associations urge the Commission to adjust the 2021 Annual Work Programme with a less dogmatic approach to make efficient use of its promotion budget for sustainable agri-food goods....
15 December 2020
Brazil confirms that two meat suppliers’ exports to China have been suspended
China has temporarily suspended meat imports from two Brazilian companies over COVID-19 concerns....
CME update: live cattle futures remain steady while feeder futures edge higher
US live cattle futures remained mostly unchanged on 14 December, while feeder cattle futures closed slightly higher....
No-deal Brexit could limit affordable food options for UK consumers - Lloyd's Register
Lloyd's Register, an independent quality assurance and food and beverage specialist, is urging the UK agriculture industry to work closely with retailers to ensure British farm goods remain affordable after the Brexit transition period....
14 December 2020
Ireland establishes support scheme for Irish firms in case of no-deal Brexit
Ireland is working on a financial support scheme to help food exporters maintain their share in the British market in the event of a “no-deal” exit for Britain from the European Union, Foreign Minister Simon Coveney was quoted as saying on Sunday...
CME update: cattle futures rise on technical and bargain buying
US live cattle futures advanced for a third straight session on 11 December, supported by technical and bargain buying....
Biden USDA Secretary choice will face little opposition in US Senate
President-Elect Joe Biden’s choice for US Secretary of Agriculture, Tom Vilsack, will face limited to no opposition when the Senate eventually votes on him. Vilsack won unanimous approval the last time he led USDA under former President Barack Obama....
Biden’s pick for Agriculture Secretary will likely reassure farmers but disappoint activists
President-elect Joe Biden plans to nominate former Iowa Governor Tom Vilsack for USDA secretary – a move that will likely reassure commodity crop farmers but disappoint climate activists and small-holder advocates....
NFU US says new USDA rule fails to protect farmers from discriminatory practices
A new rule issued by the US Department of Agriculture makes it easier for corporations to engage in anti-competitive behaviour and fails to protect farmers from the fallout of corporate consolidation....
11 December 2020
Weekly beef and dairy digest: USMCA gets its first test and China bans more Australian beef
US beef exports continue their steep decline and the USDA issues its assessment of SE Asia's diary prospects....
CME update: live cattle futures advance on further bargain-buying
US live cattle futures firmed for a second straight session on 10 December on bargain buying and speculative buying....
US challenges Canada’s dairy tariff-rate quotas under USMCA
The US says it is challenging Canada’s allocation of dairy tariff-rate quotas in the US-Mexico-Canada Agreement (USMCA) dispute settlement system....
Irish farmers will take the biggest economic hit because of Brexit – IFA
When speaking to a government committee on agriculture, Irish Farmers Association President Tim Cullinan warned that farmers will face major challenges due to market upsets stemming from Brexit....
10 December 2020
CME update: short covering and bargain buying lift cattle futures
US live cattle futures firmed on 9 December, bouncing back after four straight sessions of losses that dragged prices to 2 ½ week lows....
UK meat companies raise concerns about customs certifications ahead of Brexit deadline
The UK's largest meat companies have penned a letter to cabinet officials saying that they fear a drop in exports due to costly and cumbersome customs certification once the UK leaves the EU. ...
09 December 2020
CME update: live cattle futures sink on lower cash prices and decreasing beef values
US live cattle futures fell for a fourth straight session on 8 December as cash cattle traded lower at the southern US Plains feedlot markets....
08 December 2020
China suspends beef imports from sixth Australian supplier
China has suspended imports of beef from Australia’s Meramist Pty Ltd from 7 December....
CME update: cattle futures fall as pandemic accelerates across the US
US cattle futures fell on 7 December as cash beef prices weakened and increased COVID-19 infections sparked concerns about demand for meat....
07 December 2020
New Zealand’s Fonterra lifts lower end of 2020-2021 farmgate milk price forecast
Dairy company Fonterra lifted the lower end of its 2020-2021 forecast range on 4 December, increasing the price it pays farmers for milk....
CME update: cattle futures step back as demand outlook becomes cloudy
Three days of soft wholesale beef prices brought retail demand for beef into question, making live cattle futures fall....
Global ag trade remains fairly steady, but uncertain through pandemic
Between a global pandemic and politically turbulent climate, livestock industries have eagerly looked toward international policies and trade. ...
EU grants market access for UK organics sector for additional 12 months
The European Union has recognised the contributions of the UK organics sector, ensuring that UK organic products will have continued access to EU markets after the Brexit transition period ends. ...
06 December 2020
NFU US welcomes new representatives to the House Agriculture Committee
Georgia Representative David Scott has been selected to lead the House Agriculture Committee as its next chairman....
05 December 2020
Opinion - What does the EU's extended silence on its Farm to Fork strategy mean for farmers and consumers?
As EU farmers and farming unions wait for Brussels to publish its impact assessment of the new Farm to Fork policy, Copa and Cogeca Secretary General Pekka Pesonen raises concerns over the policy's hazy details....
04 December 2020
Weekly beef and dairy digest: Canada revamps ag policy and US exports lag
Jim Wyckoff's latest analysis looks into changes in Canada's farm policy and how the US-China relationship could change under the incoming Biden administration. ...
 
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