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Cattle Industry News By Category: Markets

11 June 2021
China’s Youran Dairy raises $643 million in Hong Kong IPO
China Youran Dairy Group raised $643 million in its Hong Kong initial public offering (IPO) by pricing its shares at the bottom of an indicated price range at HK$6.98 each, according to two sources with direct knowledge of the matter....
Weekly beef and dairy digest: JBS contends with fallout from cyberattack
JBS left with an $11-million bill after cyber attack and the FAO warns that food import costs could surge. ...
Brazil's imports of Argentine corn start to arrive
The first shipments of Argentine corn have begun to arrive in Brazil to where a national crop failure, record high prices and high demand from the meat industry has made companies such as BRF Brasil Foods SA and JBS SA turn to imports....
10 June 2021
FAO warns that global food import costs to surge 12% to record this year
Global food import costs are expected to rise 12% in 2021 to a record due to surging commodity prices and robust demand during the COVID-19 crisis, the United Nations food agency said....
US ag economy barometer posts sharp declines in May
The Ag Economy Barometer fell by 20 points in May as producers remain bullish on farmland values....
07 June 2021
Constrained global supply driving import competition
Globally, Australia isn’t the only country struggling with supply challenges. Cattle slaughter in Brazil and Argentina is down on year-ago levels, while New Zealand has also entered a seasonal low period in terms of cattle supply. Limited supplies and...
04 June 2021
Weekly beef and dairy digest: US meat industry faces tough scrutiny and China ups its dairy capacity
FAO data shows that global food prices are surging while US meat industry practices are put under the government spotlight. ...
Tyson Foods to launch plant-based products in Asia-Pacific market
US meat processor Tyson Foods Inc will launch its plant-based food in select Asia-Pacific markets starting this month, as it looks to cash in on the burgeoning demand for meat substitutes in the region its rivals have set out to capture....
03 June 2021
JBS plants across North America and Australia reopen
JBS SA employees started returning to work at meat plants on 2 June, a day after the company's beef operations stopped following a ransomware attack, disrupting meat production in North America and Australia....
Shares in Brazil’s BRF soar after Marfrig seeks antitrust approval for BRF stake
Shares in Brazilian pork and poultry processor BRF SA closed up nearly 10% on 1 June after beef producer Marfrig Global Foods SA asked antitrust watchdog CADE to approve its purchase of almost a quarter of BRF's stock....
02 June 2021
Brazil’s Marfrig seeks antitrust approval for its purchase of BRF shares
Brazilian beef producer Marfrig Global Foods has formally asked antitrust watchdog CADE to approve its purchase of almost a quarter of BRF's outstanding stock....
01 June 2021
Argentina suspends 12 beef export operations as conflict over ban deepens
Argentina said on Monday 31 May it had temporarily shut down 12 beef exporters over "irregular" operations and had seized over 220 tonnes of meat as tensions over the government's meat export ban deepen....
28 May 2021
Weekly beef and dairy digest: US tests USMCA dispute mechanism and Thailand reports new cattle disease
US beef sales are improving after a weeks-long slump and analysts predict that Argentina's beef export ban will last longer than 30 days. ...
USDA expects record farm exports for 2021
The US Department of Agriculture’s quarterly agricultural trade forecast projects fiscal year 2021 US farm exports at $164 billion – the highest total on record....
27 May 2021
EU farm deal expected this week after three years of negotiations
European Union agriculture ministers say they are close to agreeing to a deal that reforms the trading bloc’s large farm subsidy program....
26 May 2021
US to use dispute settlement mechanism under USMCA for Canadian diary
The United States has requested to use the dispute settlement panel on Canadian dairy quotas under the USMCA trade deal, escalating a simmering trade tension....
21 May 2021
Weekly beef and dairy digest: USDA issues its EU Milk Report and US cattle ranchers cry foul
US cattle ranchers are calling for an investigation of beef packer market manipulation, and USDA analysis indicates that Europe's dairy herd could shrink further. ...
Australia's NFF urges calm over UK-Australia free trade agreement
The National Farmers Federation (NFF) says that the outcome of any free trade agreement is that both parties have improved export options - there is no reason to think that the UK-Australia FTA will be any different. ...
14 May 2021
Weekly beef and dairy digest: US beef sales and exports slide again
US beef sales are faltering from last month, while the dairy sector holds steady at the start of May. ...
New report shows that CAP measures help bolster farm income
The EU's Common Agricultural Policy (CAP) measures play an important role in supporting farm income, according to a newly-published report....
13 May 2021
Drought conditions are hitting Brazil’s latest corn crop, potentially squeezing meatpacker margins
Dry weather and poorly timed planting are weighing on Brazil's second corn crop this year, reviving fears of another surge in feed prices like the one that battered big meatpackers after a 2016 drought....
EU and Northern Ireland risk being cut off from vital UK meat trade, says BMPA
Nick Allen from the British Meat Processors Association (BMPA) writes that the post-Brexit meat export system threatens to cut off the UK's trade with the European Union and Northern Ireland. ...
10 May 2021
CME update: cattle futures rise on improved US beef prices and an upswing in demand
US cattle futures rose on 7 May as strong beef prices and demand for red meat that catapulted margins for beef processors....
07 May 2021
Weekly beef and dairy digest: US takes a firmer stance on China
In this week's beef and dairy digest, Jim Wyckoff walks us through the latest USDA data on the cattle industry. ...
World food price index climes to highest point since mid-2014
World food prices rose for an eleventh consecutive month in April 2021, hitting their highest level since May 2014....
06 May 2021
FHA Match: Dairy – Showcasing finest collections of dairy products and dairy alternatives
As a key component in cuisines around the world, the use of dairy as an ingredient or as the produce itself is both widespread and versatile....
30 April 2021
CME update: live cattle futures gain on uncertainty in grain complex
US live cattle futures rose on 29 April as mixed grain trade offered some relief for feed costs....
 
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