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Cattle Industry News By Category: Markets

01 April 2020
Irish farmers petition European Commission to suspend non-EU beef imports
The Irish Farmers’ Association has submitted a letter to the Government and European Commission urging a halt in beef exports from outside Europe....
Fonterra’s February milk exports from New Zealand drop 6 percent
Fonterra reports that its milk exports in February fell by 6.1 percent on lower demand....
Australia subsidises air freight for agriculture exports to offset pandemic
On 31 March, Australia’s government said it will spend A$110 million ($67.4 million) to subsidise air freight for exports of agricultural products like beef and dairy after flight disruptions due to the ongoing coronavirus pandemic....
CME update: cattle futures rebound as the quarter closes
US live cattle futures rose, nearly meeting their 3-cent daily limit on 31 March....
31 March 2020
New US poll sheds light on farmers’ COVID-19 concerns
Nearly 90 percent of farmers surveyed indicate they are at least somewhat worried about the impact COVID-19 will have on their business. More than 50 percent are very or extremely worried about the potential impact, according to a US farmer survey conducted...
CME update: cattle futures ease on concerns of slaughterhouse closures
US cattle futures weakened on 30 March as concerns mounted over slaughterhouses closures due to coronavirus....
US Senators question meat packers’ surging profits during COVID-19
US Senators are calling for investigations of beef processors’ record profit margins after market shake up....
30 March 2020
Brazil’s beef exports to China trend upward for March
China has resumed importing high quantities of Brazilian meat after slowing imports during the first two months of 2020....
CME update: cattle futures dive as erratic trade continues
US cattle futures tumbled on 27 March as worries of contracting beef demand and fears that COVID-19 could close slaughterhouses intensified....
27 March 2020
Despite steady trade flows, JBS anticipates a drop in exports as coronavirus worsens
Meat packing giant JBS has said that the current pandemic could lead to container shortages, port disruptions and other logistical challenges....
US cattle futures tumble as panic buying slows
CME traders report that the daily limit falls signal that consumers are no longer stockpiling meat....
26 March 2020
CME update: cattle futures end mostly lower, signalling an end to the surge
Benchmark June live cattle futures on the Chicago Mercantile Exchange closed lower on 25 March for the first time in five sessions....
25 March 2020
Australia’s livestock producers could face restocking issues as coronavirus closes borders
As Australia closes borders and moves into lockdown, farmers face an uphill battle to keep producing food....
Cattle futures rise to meet their daily limits as demand and packer margins strengthen
US cattle futures rose to meet their expanded daily limit on 24 March as traders reacted to soaring profit margins for beef packers....
USDA and US Trade Representative announce progress on farm provisions of the US-China trade deal
The United States and China have made progress in implementing the agriculture-related elements of the US-China trade deal....
24 March 2020
US cattle futures soar and beef prices increase
US live cattle futures rose to their daily limit on 23 March as strong packer margins, increasing wholesale beef prices and expectations of higher cash cattle prices this week emerge....
Canada announces measures to shield the agri-food sector from coronavirus fallout
Prime Minister Trudeau announces support for farmers and agri-food businesses under Canada’s response to COVID-19 pandemic. ...
As coronavirus bolsters meat demand, processors approve pay raise for North American farmers and workers
On 23 March, North American meat processors agreed to pay extra money to farmers and slaughterhouse workers as companies struggle to meet surging demand from consumers who are stockpiling meat....
23 March 2020
Increasing UK milk price gap indicates a broken market
The widening gap between the highest and lowest milk prices was highlighted as competing brands announce opposing price points....
US cattle futures rally on Friday as cash market strengthens
US livestock futures rose on Friday as the market tried to recover from its steep discount to the cash market....
20 March 2020
Analysts expecting sharp decline in cattle placements
US - "Cattle on Feed" for February will be released today (Friday, 20 March). February was a leap year but slaughter days were identical to last year, according to Steiner Consulting Group, DLR Division, Inc....
Fonterra reports interim results, prioritises NZ milk and focuses on farmer owners
NEW ZEALAND - Fonterra Co-operative Group Limited this week announced its 2020 Interim Results, which show the Co-operative’s financial performance has improved with increased underlying earnings and reduced debt....
Angola receives cattle from Chad to repay $100m debt
ANGOLA - Angola has received, through the Luanda port, the first batch of 75,000 head of cattle from Chad as repayment for $100 million debt....
Dairy farmers struggle to find market for their milk
UGANDA - Majority of the cattle keepers in Ankole and some parts of central Uganda have over the last three decades been investing heavily in dairy farming....
Farming priority must be to keep industry operating, good moving, says IFA
IRELAND - IFA President Tim Cullinan said that farmers and everybody involved in the sector needs to fully observe all HSE protocols and do everything they can to minimise risk, so processors, co-op stores and marts can be kept operating....
Cattle futures rebound as grocery demand intensifies
US livestock futures rose on Thursday as part of a broad recovery in the agriculture markets stemming from oil gains and export hopes....
19 March 2020
“Misled” shareholders of Brazil’s JBS seek over $270 million in damages
A group of shareholders in JBS SA began arbitration proceedings against the company, stating they were misled after the company’s IPE in Brazil back in 2007....
CME update – cattle futures fall as consumer demand falters
US livestock futures fell yesterday due to steep declines in the equities markets and uncertainty about consumer demand due to the ongoing pandemic....
 
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