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Cattle Industry News By Category: Economics

27 February 2020
2019 a great year for Arla's global butter brand
GLOBAL - For the first time since the 1960’s, Lurpak has sold 100,000 tonnes in an end-of-year flourish that marks a great 2019 for Arla’s global butter brand....
GB milking herd continues to shrink
UK - The GB milking herd has shrunk again, according to the latest data from the British Cattle Movement Service (BCMS). At 1 January 2020, the herd stood at 1.72 million head, down 3 percent (-49,600 head) from the same point last year, writes AHDB's...
New Zealand's a2 Milk says Chinese demand remains strong despite coronavirus fears
New Zealand's a2 Milk Co Ltd on Thursday posted a 21 percent rise in half-year profit and said the coronavirus outbreak has so far had little impact on "strong" demand for its infant products in China, sending its shares soaring....
Flooding, food standards and environmental land management – Defra Minister George Eustice addresses the UK’s NFU Conference
The NFU Conference political session, held on 26 February, gave recently appointed Defra Minister George Eustice an opportunity to share his vision for the future of UK farming. ...
26 February 2020
Zimbabwean cattle farmers face tough choices
Cattle have long been a symbol of wealth in Zimbabwe. But these days, in the chaos of the struggling economy and the increasing impact of climate change, cattle farmers face a difficult choice: sell off their herd or butcher them to sell the meat....
NFU20: promoting, growing and protecting British dairy
Promoting, growing and protecting British dairy were the key themes at this year’s dairy breakout session at NFU Conference, and dairy board chairman Michael Oakes opened it by looking forward to a more optimistic 2020....
Irish, UK farmers have common cause on high food standards, says IFA
IFA President Tim Cullinan, who attended the National Farmers Union Conference in Birmingham yesterday, said that it’s clear that Irish and UK farmers have a common cause on high UK food standards and fair competition....
Cattle Markets Experience Losses Amid Coronavirus Fears
CME live and feeder cattle futures fell sharply for a second consecutive day as fears of a coronavirus pandemic raised concerns about slowing demand and stifled global economic growth. ...
25 February 2020
CME: overall COF report in range of pre-report estimates
USDA’s National Agricultural Statistics Service (NASS) released the monthly US "Cattle on Feed" report on Friday, reports Steiner Consulting Group, DLR Division, Inc....
Arla Foods confirms March milk price
Arla Foods amba’s on account price for conventional milk will increase by 1 eurocent for March 2020....
24 February 2020
CME: Corn Futures Loses Some Ground
US - On Thursday, USDA held their Annual Ag Outlook Forum and released estimates for the 2020/21 planting season for corn and soybeans, reports Steiner Consulting Group, DLR Division, Inc....
Brands, Transformation Deliver Strong 2019 Results for Arla
GLOBAL - In 2019 farmer-owned Arla Foods exceeded expectations for global branded sales whilst simultaneously transforming its business securing cost-savings at the top end of expectations through the Calcium programme. This enabled Arla to deliver a...
NFU USA advocates for a publicly accessible and transparent process for future trade deal assistance
After reports that recent trade deals may have a more modest impact on agricultural exports than initially thought, President Trump tweeted that, "aid will be provided by the federal government," if necessary. ...
21 February 2020
CME update - cattle contracts mixed
Chicago Mercantile Exchange shows live cattle futures as lower while feeder cattle contracts edged higher. ...
USDA announces innovation initiative to address climate change
NFU urges agency to take decisive action to address climate crisis. ...
20 February 2020
CME: estimated returns to cattle feeders drop in 2019
US - LMIC estimates average returns to cattle feeders for a typical operation in the Southern Plains feeding 750-pound steers. In 2019, estimated returns were $9.51 per steer, dropping 55.4 percent from 2018’s estimate which was $21.31, reports Steiner...
Trump makes moves on new trade deal with India
US President Donald Trump says a bilateral trade deal between the US and India is coming, but it might be finalised after the November election. ...
Canada's House of Commons expected to approve USMCA by Easter
The Vice President of the Canadian Global Affairs Institute is confident the United States-Mexico-Canada Agreement will be approved by the House of Commons by Easter....
18 February 2020
Despite steady consumption, uncertainty still defines the UK beef market.
Beef producers are still sceptical of beef market growth despite early signals of increasing prices....
US milk industry merger nears completion with a $425 million agreement
Dairy Farmers of America will acquire the assets of bankrupt milk processing firm Dean Foods if regulators get on board....
China grants tariff exemptions on nearly 700 US goods
In an effort to support purchases of US goods, the Chinese government will grant exemptions on 696 retaliatory tariffs, the most substantial tariff relief to be offered yet. ...
17 February 2020
CME: US Import Cattle Numbers for 2019
US - Over the years, the North American beef industry has become increasingly integrated and US feedlots and slaughter plants rely on Canadian and Mexican cattle for part of their supply, according to Steiner Consulting Group, DLR Division, Inc....
13 February 2020
US cattle futures rise as part of broad commodity strength
US live cattle futures closed higher on 12 February after a four-moth low as fears over the impact of China’s coronavirus outbreak subside. ...
Fear of BSE keeps EU food standards high
Memories of the 1990s mad cow disease crisis means the EU will likely reject US demands for relaxing strict food safety rules, even with President Trump threatening tariffs on cars if EU countries don't begin imports of more US farm products. ...
11 February 2020
Mazoon Dairy Receives Second Batch of Holstein Cows
OMAN - Mazoon Dairy, the flagship dairy company of Oman, has received its second batch of 2,625 Holstein cows at its farm in Al-Sunainah....
Co-ops Must Not Lose Sight of Base Milk Price, Says IFA
IRELAND - Speaking after the first IFA National Dairy Committee meeting of 2020, Chairman Tom Phelan said the Committee had clearly identified a minimum 1c/l as a realistic and justified base price increase for January milk....
President’s Budget Shortchanges Farm Programmes for Fourth Year in a Row
US - President Donald Trump yesterday released his proposed spending for fiscal year 2021. The $4.8 trillion budget would cut both mandatory and discretionary funding for the US Department of Agriculture (USDA) and other federal agencies while boosting...
10 February 2020
Dairy Cows Sent to Slaughter as Processors 'Fail' to Pay Enough for Milk
AUSTRALIA - Western Australia is facing an exodus of dairy farmers less than a year after the widely-celebrated end of $1-a-litre milk....
 
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