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Cattle Industry News By Category: Economics

20 April 2021
CME update: live cattle futures extend their slide
US live cattle futures fell on 19 April, extending their slight to eight straight sessions on long liquidation and signs that surging wholesale beef prices may have reached a seasonal top....
Agriculture contributes over €170 billion to EU GDP, says Eurostat data
In 2020, the agricultural sector contributed an estimated €171.9 billion towards the EU’s GDP, the equivalent of 1.3% of the total....
19 April 2021
CME update: cattle futures fall on demand concerns
US cattle futures ended weaker on 16 April, with the June live contract notching its seventh straight losing session....
New speaker series showcases agriculture's role in global nutrition
Farm Journal Foundation kicked off its annual Speaker Series with an event highlighting agriculture’s unique role in addressing challenges to global nutrition....
16 April 2021
Michelin-rated chef's $20 takeaway burger a hit in Amsterdam
The Waldorf Astoria hotel in Amsterdam, with a two Michelin star chef and rooms starting at $700, initially balked at the idea of offering burgers for delivery. Then reality hit....
15 April 2021
US beef and cattle prices are rising on stronger-than-normal seasonal demand
Beef and beef cattle prices are experiencing an upward trend as the US economy emerges from a year-long pandemic, writes Adam Russell with the Texas A&M AgriLife Extension Service. ...
Cuba loosens ban on cattle slaughter, sales of beef, dairy
Cuba announced that it was loosening a decades-old ban on the slaughter of cattle and sale of beef and dairy as part of agricultural reforms as the Communist-run country battles with food shortages....
Drifting apart? European firms battle to reach UK clients
Trading rules and routes between the United Kingdom and European Union have become more complex after the 31 December Brexit deadline and are set to become more stringent in the months ahead....
CoBank's quarterly analysis suggests that President Biden's proposed infrastructure plan could significantly impact rural America
The latest analysis from CoBank finds that the US economy is gathering momentum after the COVID-19 crisis and that policy decisions and the proposed infrastructure plan will have far-reaching impacts on rural industries. ...
14 April 2021
New Zealand will stop livestock exports due to animal welfare concerns
New Zealand said on 14 April that it will stop the export of livestock by sea following a transition period of up to two years, citing animal welfare concerns for a decision that will affect major trading partners including Australia and China....
12 April 2021
New Zealand’s Synlait Milk CEO to step down amid economic uncertainty
Synlait Milk Ltd says that its chief executive, Leon Clement, will step down at the end of April and that the company’s co-founder would take an interim leadership role....
The UK's meat and dairy industry should maintain in-home offerings post pandemic
With over a quarter of the population saying they plan to eat out less when lockdown eases, AHDB has produced a new report exploring future opportunities for meat and dairy in-home....
09 April 2021
World food price index rises for tenth straight month in March
Word food prices rose for a tenth consecutive month in March according to FAO data, hitting their highest level since June 2014....
Weekly beef and dairy digest: Australia's dairy industry contends with flood aftermath
US beef sales slip and the dairy industry prepares for peak levels of milk. ...
Australia's NFF praises decision to develop livestock in New South Wales
National Farmers' Federation Chief Executive Tony Mahar welcomed the move, saying that it is regionalization in action. ...
08 April 2021
New Zealand's Fonterra completes sale of two China farms
Fonterra has completed the sale of its two wholly owned China farming hubs in Ying and Yutian....
Strong commodity prices and improved financial conditions in the US boost Ag Economy Barometer
The US Ag Economy Barometer rose dramatically in March 2021, reversing four months of declines as farmers across the country became more optimistic about the future....
06 April 2021
CME update: live cattle futures set new contract highs as demand surges
Strong meat demand pushed US live cattle futures to new contract highs on 5 April....
USTR vows to keep battling “significant” foreign trade barriers
The US government has vowed to continue battling what it sees as significant trade barriers that are harming American companies and farmers, and singled out China as the "world's leading offender" in creating overcapacities in several sectors....
02 April 2021
CME update: live cattle futures retreat from previous highs
CME live cattle futures closed lower on 1 April as traders booked profits ahead of the long Easter weekend....
High prices lift Argentina's March grains exports revenue to 18-year high
Argentina brought in $2.77 billion from agricultural exports in March, the CIARA-CEC chamber of export companies said on Thursday, as high grains prices pushed revenue from international shipments to an 18-year high....
Russia decreases dairy imports by 10% in January 2021
In January 2021, Russian imports of dairy products appeared to be 10% lower compared to their level in 2020 for the same period and practically corresponded to the volume of imports in 2019....
USDA and National Farmers Union welcome the American Jobs Plan
The National Farmers Union says it is "encouraged" by the newly-announced American Jobs Plan, saying that it provides much-needed investment in rural infrastructure. ...
01 April 2021
Australia's NFF voices concerns over EU's geographical indicator regime amid trade deal push
Australia's National Farmers Federation says that the European Union's geographical indicator regime is a Trojan horse for Australian farmers and processors. ...
Loved-up Brits choose meat and dairy this Valentine's
UK meat and dairy felt the love in lockdown, helping boost food and drink retail sales to record levels this Valentine's Day – up £85 million on last year....
Editorial - why US farmers are worried about Bill Gates (and other non-farming land owners)
In a blogpost from the US National Farmers Union, Hannah Packman explains why farming communities are growing wary of farmland moving into non-farming ownership....
CME update: US feeder cattle futures face pressure from grains complex
US feeder cattle futures dropped on 31 March, reacting to limit-up gains in corn and soybean futures that will translate to higher livestock feed costs as grain users compete for tight supplies....
31 March 2021
CME update: rally in live cattle futures pauses
US cattle futures closed lower on 30 March as traders paused to see if the cash cattle market would keep pace....
 
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