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Cattle Industry News By Category: Markets

02 November 2020
The UK's refusal to prioritise fresh meat at ports puts industry at risk
The UK government has not prioritised the quick movement of fresh meat at shipping ports, putting the UK meat industry at risk of losing vital export orders. ...
China rejects Australia’s appeal to remove barley import tariff
China has rejected Australia’s petition to scrap a tariff on its barley exports, all but closing the door on a trade work nearly A$1.5 billion in 2018....
CME update: live cattle edge higher
US live cattle futures closed higher on 30 October for a fourth straight session....
Covid-19's impact on the global protein markets
While 2020 has been a year of volatility and uncertainty, in its most recent report, the International Monetary Fund (IMF) offered a more positive outlook for 2021, projected 5 per cent global economic growth. ...
01 November 2020
Australian farmers fear encroachment of EU regulations as trade deal progresses
The National Farmers Federation is concerned that the Australian Government may accept EU regulations on farm goods as part of a future trade relationship. ...
30 October 2020
Weekly beef and dairy digest: US exports lag and EU production expected to rise
Jim Wyckoff's latest beef and dairy industry updates track the production outlook in Europe and slowing beef exports. ...
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....
Argentine oilseed crushers and union to meet again as strike looms
Argentina’s oilseed crushers and exporting firms are scheduled to meet again with a key worker union in order to reach a deal over COVID-19 bonus payments and head off the threat of strike action in the world’s top supplier of processed soy....
29 October 2020
USDA stands by its latest estimate of China’s corn imports
The US Department of Agriculture is defending its forecast of China’s corn imports despite analysts noting the high sales price....
CME update: cattle futures advance as demand remains steady
US live cattle futures rose on 28 October as domestic demand remains steady....
Argentine oilseed union says that more strike action is likely after offer from crushers deemed “insufficient”
The main union for Argentina’s oilseed crushing workers is hinting at further strike action acter a proposed coronavirus bonus payment fell short of expectations....
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....
27 October 2020
UK says that “time is very short” as negotiations with EU continue
In talks between the United Kingdom and European Union on 26 October, UK negotiators said that time was very short to bridge the significant gaps remaining on key issues between the two parties....
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
China’s purchases of US farm goods under the Phase 1 target
US trade representatives claim that China’s purchases of US farm goods is at 71 percent of the target agreed under Phase 1 deal....
New Zealand introduces new rules for live animal exports
New Zealand announces new requirements for the safe transport of livestock after a cattle ship capsized in the East China sea this summer, killing thousands of cows and most of the ship’s crew....
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). ...
23 October 2020
Dairy farms in The Netherlands will decrease by 33% by 2030
In the next ten years, the number of dairy farms in the Netherlands will decrease by 33%, from 16,000 in 2018 to approximately 10,600 in 2030. ...
Weekly global protein digest
Read the latest updates on the global beef and dairy markets from livestock analyst Jim Wyckoff....
UK dairy producer numbers down 4.7% on last year
The AHDB's most recent survey of major milk buyers indicates a drop in UK dairy producers of almost 5% while milk volume per farm goes up. ...
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
EU says that Britain has choices to make on Brexit amid trade impasse
Britain has sovereign choices to make on Brexit and they will determine its future access to the EU's internal market, the chairman of the bloc's leaders said on 21 October, stressing it was now up to London to break an impasse in trade negotiations....
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....
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....
JBS CEO says that Brazil is producing more meat with less land
Gilberto Tomazoni, CEO of meat packing giant JBS SA, reports that livestock suppliers in Brazil are producing more while using less land....
Brazil to suspend tariffs on corn and soy until 2021
Brazil will suspend tariffs on corn and soy imports form countries outside the Mercosur trading bloc until early 2021 in a bid to reduce food prices that are contributing to inflation....
Stalled Brexit negotiations threaten EU agri-food industry
Members of the EU-wide agri-food sector welcome continued negotiations between the UK and EU, but ask for greater clarity and support when planning for the future relationship. ...
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