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Market News:
Latest Cattle Industry News:
US - Beef trimmings prices have been unusually stable so far this year when compared to recent years, as well as beef cut prices at the wholesale level, reports Steiner Consulting Group, DLR Division, Inc.
SRI LANKA - Prime Minister Ranil Wickremesinghe said the market oriented dairy project launched in collaboration with the United States Department of Agriculture (USDA) would strengthen and improve the country’s rural economy.
NEW ZEALAND - The likely forced slaughter of US cattle due to drought is set to pressure global beef trade and prices, posing a threat to New Zealand beef returns, a visiting North American cattle industry expert has warned local producers.
US - The National Cattlemen’s Beef Association (NCBA) and more than 40 of the nation’s most influential commodity trade associations are urging Congress to stand with farmers, ranchers, and rural communities by voting down the amendment offered by US Reps. Dave Brat (7th Dist. – Va.) and Earl Blumenauer (3rd Dist. – Ore.) to the 2018 Farm Bill.
EU - There is no doubt that dairy markets are now recovering, Dairy Chairman Tom Phelan has said.
CHINA - Japanese dairy firm Yakult has signed a deal to expand its factory in the East China city of Wuxi to become the company's largest plant in China, the local government said Thursday.
US - The Choice boxed beef cutout value (negotiated trade calculated and reported by the Market News Division of USDA’s Agricultural Marketing Service) has eroded since last Friday when it reached $232.12 per cwt., reports
ETHIOPIA - Veris Investments and Royal FrieslandCampina have joined forces by investing in Holland Dairy PLC in Ethiopia.
SCOTLAND, UK - The organisation tasked with promoting some of Scotland’s most iconic food brands, Quality Meat Scotland, has this week (Wednesday, 16 May 2018) unveiled a new strategy and vision for the five-year period to 2023.
SWITZERLAND - Swiss retailer Coop has launched a new dairy product line sourced from cows fed exclusively on Swiss hay.
TANZANIA - Various stakeholders in the milk industry value chain have vowed to pull their resources to address challenges in the sub-sector and ensure that more small holders benefit more from the industry.
CHINA - IFA President Joe Healy has said Ireland should take a brand Ireland approach to selling beef to China. He said the Chinese market presents a unique opportunity to build a high value Irish beef brand, similar to Kerrygold for dairy.
UK - NFU Scotland joined others in the Scottish renewable sector in calling for the UK Government to commit to Feed in Tariffs (FiTs) beyond 2019 to build on the current success story.
US - At the consumer level, beef demand is notoriously difficult to measure, as are shifts in that relationship, according to Steiner Consulting Group, DLR Division, Inc.
UK - Livestock representatives from farming unions in all parts of the UK attended a meeting in Edinburgh last week, hosted by NFU Scotland. Top of the agenda for the representatives was the on-going uncertainty over the UK Governments policy for post-Brexit trade.
NEW ZEALAND - A new blueprint to lift the environmental performance of New Zealand’s sheep and beef sector was unveiled today by Beef + Lamb New Zealand (B+LNZ).
AUSTRALIA - Three Gippsland livestock agents have avoided conviction after pleading guilty to charges relating to the movement of cattle.
EU - IFA National Dairy Committee Chairman Tom Phelan has said for many dairy farmers, spring only started two weeks ago.
GLOBAL - The World Health Organization has released a plan to help countries wipe out artery-clogging trans fats from the global food supply in the next five years.
US - Last week USDA-NASS released the first week of pasture and range conditions for the US. This weekly update provides a barometer for cattle forage conditions across the country, according to Steiner Consulting Group, DLR Division, Inc.
NEW ZEALAND - Changing farms on so-called Gypsy Day, when large numbers of farmers shift stock, requires extra precaution because of Mycoplasma bovis but the Ministry for Primary Industries won't prevent animal movements beyond the 300 or so farms under some form of restriction.
INDIA - Strong growth projections given by the Parag Milk management during the analysts’ meet sparked a rally in the shares of dairy product manufacturers on Monday. Analysts are upbeat on the sector, with expectations of a normal monsoon and fall in milk procurement prices.
US - Many US cities and states are looking for ways to slash greenhouse gas emissions, including cap-and-trade programs, building-efficiency regulations, and boosting public transit and renewable energy sources.
IRELAND - IFA President Joe Healy has travelled to China this week as part of a Ministerial trade mission, following the opening of the Chinese market for Irish beef last month. He is joined by Livestock Chairman Angus Woods and Pigs Chairman Tom Hogan.
CHINA - China's farm produce prices continued to fall in the week ending 13 May, according to data from the Ministry of Commerce.

 

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