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Cattle Industry News By Category: Markets

29 September 2020
AHDB data shows UK shoppers restricting purchases due to COVID-19
Price is on the rise as a key purchase driver as new AHDB research reveals a third of UK consumers have seen a change in household employment status in the wake of COVID-19....
Industrial action at Australian port strains agriculture sector
The recovery of Australia's farm sector has been thrown in jeopardy as crucial port reduces capacity as part of ongoing industrial action. ...
CME update: cattle futures inch up as cash markets look more optimistic
US live cattle futures closed higher on 28 September, reversing their low opening as strong packer margins raised expectations for higher cash cattle trade for this week....
28 September 2020
Beijing urges frozen food importers to shun countries with severe COVID-19 outbreaks
Beijing has called on importers to shun frozen food from countries contending with ongoing coronavirus outbreaks....
Synlait Milk forecasts higher earnings despite drop in annual profit
New Zealand’s Synlait Milk reported a 9 percent drop in annual profit on 28 September, but forecasts strong underlying core earnings for 2021 based on its core infant and lactoferrin business....
New Zealand’s a2 Milk projects weaker revenue for end of 2020
New Zealand’s a2 Milk Company Ltd forecast lower first-half revenue on 28 September as lockdown measures in Australia’s Victoria state hurt its informal Chinese sales channel more than expected....
CME update: cattle futures weaken as cattle placements look stronger than expected
US cattle futures closed lower on 25 September, with the front-month live cattle contract falling from its highest level in more than a month on some end-of-week profit taking....
25 September 2020
NCBA seeks its own solution to cattle market transparency
Senator Deb Fischer has introduced the Cattle Market Transparency Act, hoping to provide additional price transparency for US cattle producers. ...
China’s August soybean imports from Brazil jump 22 percent from 2019
China’s August imports of soybeans from Brazil rose 22 percent from a year ago as buyers increased their purchases to capitalise on higher margins in early 2020....
Weekly protein digest: EU beef consumption on downward trend
Read the latest beef and dairy industry updates from Jim Wyckoff....
24 September 2020
CME update: cattle futures gain ground ahead of USDA report
US live cattle futures rose on 23 September as traders weighed improving slaughter rates against expectations of higher placements in the USDA’s Cattle on Feed report....
23 September 2020
CME update: cattle futures sag ahead of monthly USDA report
CME live and feeder cattle futures fell on 22 September in anticipation of Friday’s Cattle on Feed report from the USDA....
21 September 2020
“Agri-Food Companies Must Get Ready for Brexit” - Urgent Message to Stakeholders
The Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D., has called on companies in the agri-food and fisheries sectors to urgently complete their preparations for the new trading arrangements that will pertain between the EU and UK...
Top 3 feed questions from Friday’s USDA estimates
The USDA is often cautious when it comes to revising forecasts, using what can be evidenced. Last Friday, the forecasts for Russian wheat production plus Chinese imports remained unchanged though there was some industry expectation for increases. Meanwhile...
17 September 2020
Did coronavirus impact UK dairy trade?
The coronavirus pandemic has inevitably had an impact on global trade, with IHS Markit dubbing April-June 2020 “the worst quarter in trade on record”. ...
Economic significance of Australia’s red meat, livestock industry
The recently released State of the Industry Report 2020 shows that domestic and export sales of red meat and livestock in 2018-19 totalled $28.5 billion, of which red meat exports contributed $17.2 billion and domestic sales accounted for the remaining...
14 September 2020
CME update: live cattle futures rise as shifts in pork market could mean increased consumption of beef
Traders report that increased sales of US pork to China could push up prices, spurring US consumers to buy more beef....
13 September 2020
New data shows EU agriculture sector weathering COVID-19 and Brexit
EU economic data shows slight increase in agri-food trade despite the coronavirus pandemic and Brexit challenges. ...
11 September 2020
New Zealand mulls changes to livestock exports by sea after ship capsizes
New Zealand has launched a review of its livestock exports by sea one week after a ship carrying nearly 6,000 cows and 43 crew members capsized off Japan....
CME update: live cattle futures close higher, bolstered by optimism in pork market
CME live cattle futures edged higher on 10 September, despite declining cash cattle and wholesale beef prices....
New study highlights the struggles facing Kenyan farmers
A new study from 60 Decibels, a tech-enabled impact measurement company, shows an economic crunch for Kenya's farmers....
Weekly protein digest: Australia rebuilds beef herd and Ukraine faces uphill battle
Read the latest global cattle industry updates from Jim Wyckoff. ...
10 September 2020
EU mulls strategy as Britain moves to break Brexit deal
The UK and European Union will hold emergency talks on 10 September over Prime Minister Johnson’s plan to renege on key aspects of the Brexit divorce agreement....
CME update: cattle futures close lower as cash trade falters
US live cattle futures sank on 9 September on a disappointing start to the cash cattle trade....
09 September 2020
China buys 664,000 tonnes of US soybeans, its biggest daily purchase in nearly 7 weeks
USDA data shows Chinese buyers booking 664,000 tonnes of soybeans, the largest daily total since 22 July, for deliver in the 2020/21 marketing year....
CME update: cattle futures rise as traders expect firmer cash prices
Live cattle futures closed higher on Tuesday 8 September as traders expected firmer cash values as supplies of market-ready cattle fall....
UK outlines its posture after Brexit
Britain will set out new details of its blueprint for life outside the European Union on 9 September when it publishes legislation that could potentially break international law....
UK NFU is urging politicians to protect British farming in post-Brexit trade deals
The NFU calls for political leaders to put their words into actions and give Parliament a say on how future trade deals impact British food and farming....
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