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Cattle Industry News By Category: Markets

16 October 2020
Weekly protein digest: China's meat imports expected to fall in 2021
Jim Wyckoff's latest beef and dairy industry updates track China's import future and the international dairy market. ...
15 October 2020
Fonterra increases farmgate milk price as Chinese demand ramps up
Fonterra Co-operative Group Ltd raised the price range it pays farmers for milk on 15 October as demand from China, its top market, picks up....
CME update: cattle futures dip as wholesale beef prices soften
US cattle futures sank on 14 October following the cash markets lower while wholesale beef prices continue to decrease....
J&F Investimentos, parent company of Brazil’s JBS, pleads guilty to US foreign bribery charges
Brazil’s J&F Investimentos plead guilty to US foreign bribery charges and agreed to pay $128.25 million in criminal fines....
14 October 2020
CME update: cattle futures rebound after recent losses
US live cattle futures corrected on 13 October amid a stronger wholesale market....
13 October 2020
CME update: cattle futures slip as market feels seasonal pressure
US live cattle futures fell on 12 October following softening seasonal demand and the continued impact from backlogs at slaughterhouses....
12 October 2020
UK dairy profits expected to recover in 2020, says Old Mill
The newly-released Milk Cost of Production Report from Old Mill shows UK Dairy farmers' profits recovering in 2019/20 after falling in 2018/19, mainly due to reduced purchased feed costs. ...
Barretos beef plant resumes exports to China
COVID-19-affected plant owned by Brazil’s Minerva resumes exports to China....
CME update: feeder cattle futures sink to three-month low
Feeder cattle futures dropped on 9 October amid pressure from surging prices for US grain....
UK ministers move to deny MPs vote on blocking chlorinated chicken imports
Reporting in The Independent states that British cabinet members will use an “obscure” rule to prevent lawmakers from voting on food imports....
09 October 2020
Weekly protein digest: beef exports from US decline while the dairy industry gains ground
Jim Wyckoff's latest beef and dairy update tracks decreasing beef exports from the United States and the impacts of Spain's recent COVID-19 spike....
08 October 2020
CME update: live cattle futures reach highest price since 20 August
US live cattle futures gained on 7 October but feeder cattle prices saw uneven trading....
07 October 2020
CME update: US cattle futures trade mixed, with live contracts edging higher
US live cattle contracts received support from the strengthening cash markets on 6 October....
Argentine farmers warn that tax cuts favour oilseed crushers and won’t prompt sales
A new export tax regime in Argentina leaves a higher levy on soybeans than processed soy oil and soy meal, prompting claims that the country is subsidising the oilseed crushing industry....
06 October 2020
UK signals that it is open to Australia-style EU deal, but snags remain
As negotiations on a post-Brexit trade deal between the United Kingdom and European Union reach their final weeks, PM Johnson says the UK could trade with the EU on similar terms to Australia in case no deal is reached....
CME update: strong cash markets boost cattle futures
US live cattle futures gained ground on 5 October on expectations that cash prices will remain advantageous....
Secretary Perdue warns that China may not meet farm commitments in Phase 1 trade deal
US Secretary of Agriculture Sonny Perdue says that China may fall short of its agricultural product purchasing commitments made in its Phase 1 trade deal with the United States....
05 October 2020
CME update: cattle futures sag as demand looks uncertain
US live cattle futures fell on Friday 2 October, taking a que from falling global financial markets after President Donald Trump tested positive for COVID-19....
UK's cheese exports to UAE double in 10 years and could increase further
Shipments of UK cheese to the UAE have doubled in the last 10 years, showing the importance of this emerging market. ...
02 October 2020
CME update: nearby cattle futures sink on profit-taking
US live cattle futures had a mixed trading day on 1 October with nearby contracts lowering on profit-taking after the December benchmark contract reached a six-week high....
Weekly protein digest: beef exports to China are threatened by COVID-19 restrictions
Read Jim Wyckoff's latest beef and dairy industry updates from around the world....
01 October 2020
China temporarily suspends beef imports from Minerva plant in Brazil
China has temporarily suspended imports from a beef planted owned by Minerva SA for one week....
Argentina’s beef exports to China remain at pre-pandemic levels
Argentina is expected to export about 870,000 tonnes of beef to China in 2020, matching 2019’s export numbers....
CME update: cattle futures falter as grain prices skyrocket
US live cattle futures slipped on 30 September and feeder prices dipped as prices for grain used as animal feed soared....
Pandemic revealed structural weaknesses in the US farm and food system
In the NFU's testimony to Congress, President Rob Larew told a house committee that COVID-19-related disruptions exposed underlying weaknesses and structural challenges for US farmers and the food system....
30 September 2020
Trump administration eyes trade deal with Taiwan
A group of Republican lawmakers is calling on the Trump administration to open trade talks with Taiwan in a bid to thwart economic and national security threats from China....
CME update: cattle futures climb as demand strengthens
US live cattle futures rose on 29 September as traders noted signs of strong beef demand and expectations of firm cash cattle trading this week....
UK government opts to exclude foreign dairy workers from SOL
A last-ditch attempt to include dairy workers on the UK's Shortage Occupation List (SOL) has been rejected, sparking fears of worker shortages in the industry. ...
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