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Cattle Industry News By Category: Economics

12 November 2020
JBS posts higher than expected quarterly profit, defying estimates
Brazilian meat packing giant JBS SA reported a near nine-times increase in third-quarter net profit, beating market expectations....
11 November 2020
Brazil’s meatpackers face on-going sustainability issues
Socially conscious investors rank Brazil’s meatpacking giants JBS and BRF as “medium” risk and Minerva as “high” risk, saying that the firms have yet to address key sustainability issues....
UK beef revenue grows by nearly £10 million due to national campaign
An eight-week campaign this Spring that supported the red meat industry has generated £9.8 million in incremental beef sales. ...
CME update: feed cattle futures dip as corn prices rise
US feeder cattle futures ended lower on 10 November after nearing a six-week high as skyrocketing corn prices signalled that feed costs will increase....
US plans to hold economic talks with Taiwan
Secretary of State Mike Pompeo confirmed that US Undersecretary of State Keith Krach will lead economic talks with Taiwan later this month....
10 November 2020
Argentina’s port workers launch sudden strike, affecting grain shipments
A union spokesman confirmed that its members who are grains pork workers were holding surprise strikes in protest of stalled talks over wages....
New Zealand’s Synlait warns of lower 2021 profit
Dairy products giant Synlait Milk warns of flat to lower profit in fiscal year 2021 due to weak demand for consumer-packaged infant formula....
CME update: live cattle futures skyrocket on COVID-19 vaccine hopes
US live cattle futures reached a four-week high on 9 November and feeder cattle hit their highest prices in more than five weeks after global media outlets reported progress towards a COVID-19 vaccine....
Canada moves to improve food security for rural and northern communities
The Government of Canada and Food Banks Canada are joining forces to improve food security in underserved communities. ...
09 November 2020
EU poised to impose $4 billion in tariffs on US goods this week
The European Union is set to impose tariffs on $4 billion of US imports in retaliation for US subsidies for plane maker Boeing....
CME update: live cattle futures inch up despite slowed slaughter pace
US live cattle futures gained slightly on 6 November after a week of range trading....
06 November 2020
Weekly beef and dairy digest: US beef exports gain ground dairy market remains steady
Jim Wyckoff's latest cattle industry update shows improving US beef exports and steady growth in the dairy sector. ...
EU Commissioner Breton says there is a 50/50 chance of a finalised Brexit deal
There is a "50/50" chance that Britain and the European Union will be able to reach a deal over the terms of Britain's exit from the bloc, EU Internal Market Commissioner Thierry Breton said on Friday 6 November....
UK grocer Sainsburys warns of reduced ranges in Northern Ireland without Brexit clarity
British supermarket Sainsburys says it could have to cut its range of offering in Northern Ireland unless it gets clarity on the province’s trading status after the end of the Brexit transition period on 31 December....
Australia says that industry reports on exports to China “deeply troubling”
Australia says it is closely monitoring trade flows to China amid “deeply troubling” reports from industry that Chinese buyers have been told not to purchase seven categories of Australian products and commodities from 6 November....
05 November 2020
October’s world food price index rises for five straight months
World food prices rose for a fifth month running in October, completely recovering from the shock caused by the COVID-19 pandemic and posting gains in most sectors....
US Congress agriculture leader loses election, unsettling US farm sector
Democratic Representative Collin Peterson, House Agriculture Committee chair, failed to win re-election in Minnesota on 3 November....
UK dairy farmers told that future policies will be a better fit for the industry
Dairy farmers were told by UK Farming Minister Victoria Prentis the future farming policy will deliver a better deal for them going forward....
AHDB webinar shows the changing landscape for UK red meat and dairy
The UK's red meat and dairy sectors have fared well during the COVID-19 crisis, with grocery spending offsetting losses from food service closures during lockdown. ...
04 November 2020
China’s Greenland Group signs meat distribution deal with Brazil’s Minerva
China's Greenland Group has agreed to expand the presence of Brazilian meat-packer Minerva in China through a joint venture with registered capital of 500 million yuan ($74.83 million), according to a statement from Greenland on 2 November....
China says its importers are voluntarily cutting back on Australian goods
China says that reduced imports of Australian products and farm goods were the result of importers own decisions, hitting back at media characterisations....
03 November 2020
UK trade ministry reports that bilateral trade talks with the US are “on track”
Britain and the United States report that ongoing trade talks are heading towards a comprehensive agreement....
CME update: live cattle futures climb higher along with wholesale beef prices
US live cattle futures edged higher on 2 November as rising wholesale beef prices buoyed the market in light-volume trade....
Dairy farmers told to focus on integration, export growth and benchmarking
Productivity in the dairy industry is not about producing as much milk as possible it is about how well the sector can turn inputs into outputs, delegates at RABDF’s Virtual Business and Policy Conference were told....
Welsh government sees key opportunity to protect farm animals
The RSPCA says that a post-Brexit subsidy scheme that incentivises improved animal welfare outcomes could help millions of farm animals in Wales. ...
02 November 2020
The UK's refusal to prioritise fresh meat at ports puts industry at risk
The UK government has not prioritised the quick movement of fresh meat at shipping ports, putting the UK meat industry at risk of losing vital export orders. ...
China rejects Australia’s appeal to remove barley import tariff
China has rejected Australia’s petition to scrap a tariff on its barley exports, all but closing the door on a trade work nearly A$1.5 billion in 2018....
CME update: live cattle edge higher
US live cattle futures closed higher on 30 October for a fourth straight session....
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