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Cattle Industry News By Category: Economics

25 January 2021
Thinking about retirement and your legacy of the land
As the sun sets on another taxing day at the farm and you begin to think about the future, do you have a plan for the next steps? ...
New Zealand dairy sector has record year, with total milksolids production at a record high
The DairyNZ and Livestock Improvement Corporation (LIC) statistics show that in the 2019-20 season, New Zealand dairy companies processed 21.1 billion litres of milk containing 1.90 billion kilograms of milksolids (kg MS)...
22 January 2021
Weekly beef and dairy digest: Indonesia moves to fill a domestic beef shortage and the USDA publishes latest round of reports
Indonesia expects meat and buffalo consumption to rise by 64 percent in 2021, while the USDA predicts restricted red meat supplies in the United States. ...
CME update: live cattle futures surge ahead of USDA Cattle on Feed report
US live cattle futures gained on 21 January ahead of a closely watched monthly Cattle on Feed report, due on 22 January from the USDA....
21 January 2021
Proposed legislation in the Czech Republic to boost domestic food in supermarkets could clash with EU
Czech lawmakers have approved legislation that requires shops to sell mainly domestically made food to benefit Czech farmers, but the law could face pushback from EU economic rules....
CME update: live cattle futures slip ahead of monthly USDA report
US live cattle futures fell on 20 January as traders anticipate a decline in cattle placements in the monthly Cattle on Feed report, but feeder futures benefit from lower feed-grain futures....
US NFU welcomes new Biden-Harris Administration
The NFU stands ready to work with the incoming administration. ...
20 January 2021
Canada compensates dairy farmers who experienced market upsets due to new trade deals
Canada's Agriculture Minister is taking the next step in compensating Canada's dairy farmers under the Dairy Direct Payment Program. ...
CME update: cattle futures gain ground ahead of monthly USDA report
US live cattle futures strengthened on 19 January as traders began positioning ahead of the 22 January monthly Cattle of Feed report from the USDA....
19 January 2021
UK's meat industry sounds the alarm as border delays from Brexit stall exports
The British Meat Processors Association (BMPA) is receiving more calls from meat companies highlighting the problems they've been experiencing at the borders and warns that these problems are causing a serious and sustained loss of trade with the UK's...
Is local or imported dairy the sustainable option for the Sahel?
Research from CIRAD has explored the environmental and socioeconomic impacts of European exports of milk to West Africa, and finds that competition from imports could undercut local dairies. ...
18 January 2021
UK farmgate prices remain strong despite border concerns stemming from Brexit
Despite the Brexit trade agreement between the UK and EU, UK cattle producers must still contend with the new non-tariff conditions and biosecurity checks for exports. ...
CME update: cattle futures rise on bargain buying
US live cattle futures rose on 15 January on some bargain buying but still posted their first weekly loss in five weeks....
New labor, farm management skills needed amid COVID-19 pandemic
One of the outcomes of the COVID-19 pandemic has been for many individuals and businesses to reassess “business as usual” attitudes and actions. ...
15 January 2021
Weekly beef and dairy digest: US beef exports to EU feel pandemic pain
USDA revises export figures for 2021 and the EU increases its US beef import quota. ...
CME update: cattle futures falter as corn prices surge
US feeder cattle futures fell on 14 January, retreating back towards a three-month low on prospects for increased input costs for farmers due to skyrocketing corn prices....
What happens after the UK government cuts Direct Payments under the new Transition Plan?
Property consultancy Bidwells explores the impact that the UK's Agricultural Transition Plan (ATP) could have on sustainable farming. ...
14 January 2021
CoBank Quarterly: Probable Boost in Fiscal Spending Lifts Grain and Livestock Outlook
The coronavirus still dominates the economy and continues to impact rural industries, but with vaccines rolling out, the virus will slowly loosen its grip in 2021. ...
CME update: live cattle futures end mixed on concerns about feed costs
Nearby US cattle futures weakened on 13 January, weighed down by prospects for rising feed costs due to higher prices for corn, soybeans and wheat....
13 January 2021
CME update: live cattle futures end mixed as cash markets weaken
US cattle futures ended mixed on 12 January as traders weighed sluggish cash markets and soaring feed costs....
Indonesia forecasts 13 percent dip in imports of beef and water buffalo meat for 2021
Indonesia’s imports of beef and water buffalo meat are expected to fall 13 percent this year as the COVID-19 pandemic hinders demand....
12 January 2021
UK’s Gove warns that trade issues in Northern Ireland will get worse
Difficulties in moving goods between Northern Ireland and the rest of the United Kingdom will get worse before they get better, Cabinet Office minister Michael Gove said on 8 January....
CME update: live cattle futures fall on profit-taking and technical selling
US cattle futures sank on 11 January in a profit-taking and technical selling setback amid concerns about weakening US demand for cattle and beef....
Smithfield suspends US federal campaign donations
Smithfield Foods has suspended federal campaign donations after the US Capitol riot on 6 December....
11 January 2021
CME update: live cattle futures fall lower on technical selling
US cattle futures drifted lower on 8 January on light technical selling, with the spot February contract pressured as speculators rolled long positions into forward months....
Argentina lifts corn export ban and adopts 30,000 tonne sales cap instead
Argentina has lifted a suspension on corn exports announced in December and will opt instead for a temporary 30,000 tonne daily cap on sales abroad....
FAO reports that world food prices have been rising for seven straight months
The World food price index shows that global food prices rose for a seventh consecutive month in December across all major categories except sugar....
08 January 2021
Weekly beef and dairy digest: exports up year on year and JBS is in the crosshairs over labour practices
JBS and other meat processors in Brazil are facing allegations of sourcing cattle from farms that use slave labour and US beef exports remain steady despite pandemic pressures. ...
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