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Cattle Industry News By Category: Economics

08 December 2020
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. ...
CME update: US live cattle futures step back after previous gains
US Live cattle futures trimmed on 3 December as fears of additional pandemic closures weighed on the demand outlook....
03 December 2020
CME update: cattle futures make further gains on strong cash trade
US live cattle futures gained on 2 December, finding support in a firming cash cattle market as traders weighed consumer demand prospects....
02 December 2020
New study outlines the link between Brazilian beef exports and deforestation
Researchers have outlined the link between Brazil's beef industry and deforestation by examining slaughterhouse export licenses, customs records, and slaughterhouse cattle origins for more than 3,000 companies who handl Brazil’s beef trade....
New Zealand promises a carbon neutral government by 2025, but exempts agriculture
New Zealand states that its public sector will become carbon neutral by 2025 as it declares a climate emergency....
CME update: live cattle futures strengthen alongside beef demand
US live cattle futures rose on 1 December, supported by strengthening US consumer demand and high wholesale beef prices....
01 December 2020
CME update: cattle futures slip as exports weaken
US live cattle futures lost ground on 30 November as traders weighed weak beef exports against increasing beef production and climbing boxed beef prices....
30 November 2020
China reports completing protocols for Phase One trade deal with US
The Global Times reports that China has completed the farm product quarantine protocols agreed under the bilateral Phase One trade deal....
CME update: live cattle futures lose ground as exports appear weak
US live cattle futures trimmed on 27 November on profit-taking during a shortened holiday-trading day....
Saudi Arabia suspends Turkish meat imports
The Turkish exporters’ union confirms that Saudi Arabia has formally suspended imports of meat, eggs and other products from Turkey earlier in November....
UK NFU cautiously welcomes new agricultural transition policy
Though the new UK policy embraces many industry-led initiatives around sustainability, NFU President Minette Batters notes that the proposed payments system is short on details and could leave livestock farmers at a significant loss. ...
29 November 2020
UK inches closer to Brexit trade deal with EU, but says that it will not get there at any cost
The UK Finance Minister said that Britain and the European Union can agree to a trade deal and that one is taking shape – but London will not sign up to an accord at any cost....
27 November 2020
Weekly beef and dairy digest: meat prices remain firm and Spain's dairy sector poised to expand
Jim Wyckoff's latest analysis shows Spain making gains in the dairy market and meat prices remaining high. ...
China’s COVID-19 testing regime creates bottlenecks in meat trade
In a supermarket in downtown Beijing, refrigerator shelves normally filled with steak from around the world sit empty as tougher testing for the novel coronavirus creates supply bottlenecks and raises prices for importers....
26 November 2020
Beijing’s Xinfadi market suspends sales on fears of coronavirus transmission
Beijing’s Xinfadi market, which was linked to a COVID-19 outbreak in June, has suspended sales and storage of cold-chain goods and aquatic products....
CME update: live cattle futures climb as cash markets and beef demand become more optimistic
US live cattle futures rose on 25 November for a fourth straight session, climbing ahead of the US Thanksgiving holiday on 26 November....
UK NFU says that government Spending Review presents a mixed picture for farmers
NFU President Minette Batters has responded to the UK Chancellor's Spending Review, saying that farmers are left with funding gaps and scant details on new agricultural policy. ...
UK Government issues new advice on ear tags for livestock exporters
The UK has changed its policy regarding ear tags for livestock exports and movements from Great Britain to the EU and Northern Ireland from 1 January. ...
25 November 2020
China reports 22 new COVID-19 cases as officials flag frozen food link
China has recorded 22 new coronavirus infections on 23 November, up from 11 on 22 November as health officials from the city of Tianjin suggest that the cases were linked to frozen food imports....
CME update: cattle futures inch up alongside beef prices
Cattle futures closed higher on 24 November for a third straight session, lifted by surging wholesale beef prices and optimism surrounding the COVID-19 vaccine....
24 November 2020
Australia’s PM says Chinese tensions are due to a misrepresentation of interests
Australian Prime Minister Scott Morrison believes that tension between Australia and China are being driven by incorrect assumptions shaped by a rivalry between China and the United States....
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