The Government of Colombia and the European Commission announced today the start of negotiations towards a bilateral agreement on trade in organic products between the European Union and Colombia. Both sides confirmed their interest to swiftly conclude, at the end of the negotiations, an agreement that would allow a larger market for organic farmers, reduced burden for companies and more organic products available to consumers. EU Commissioner Phil Hogan is visiting Colombia from 7 to 9 February 2016, accompanied by a delegation of 35 European businesses representing a wide range of the European Union's agri-food sector. In the framework of Commissioner's. Read more...
It was mostly a consolidation day for livestock futures on Tuesday. This was particularly the case for cattle following the limit down day on Monday, write CME analysts Steve Meyer and Len Steiner. Ongoing weakness in broader markets continues to keepcattleon the defensive. There are plenty of opinions about price direction for cash cattle/boxed beef prices in the short term, given the start of Lent season (Feb 10), a week earlier than a year ago. Hogfutures have been trading sideways for the past few days. Cash prices have been stronger than some expected and it is interesting to note that hog weights have declined sharply in the last two weeks, an. Read more...
A new outbreak of African Swine Fever (ASF) has been reported on a pig farm in the Penzenskaya region of Russia. Of the 292 pigs susceptible on the farm, one case was reported. As a result of the outbreak,. Read more...
The Trans-Pacific Partnership was signed by representatives of its 12 member nations in Auckland, New Zealand, on Feb. 3. “We all want to see more American grains, meat and dairy on dinner tables around the world,” said NCGA president Chip Bowling, in a statement in support of TPP. (Photo: Purestock/Thinkstock) The 12 nations involved - the United States, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru – account for 40% of the world’s economy. The pact is supported by many agricultural groups in the United States, but others fear the pact will ship jobs to. Read more...
Last week’sIndustry At A Glancehighlighted quarterly beef demand since 1990. As review, the beef industry has enjoyed sustained improvement in demand since the near-term low occurred during the third-quarter of 2009. And since then, beef demand has improved almost 25% and the current 12-month moving average now stands at nearly 93 – the best mark since 1992. However, the beef demand index can prove to be somewhat elusive. The question that generally arises involves its relationship to, and subsequent influence on, cattle markets. Before we get to that question, it’s important to remember that price is always a function of both supply and demand. And. Read more...
A new report from Rabobank states that the global pork market is expected to remain weak in the first quarter of 2016, followed by some - partly seasonal - improvement leading into the second quarter. TheGlobal Pork Quarterly Q1 reportsuggests that sufficient supply and modest demand development mean the Rabobank five-nation hog price index will bottom out in the coming months, at the lowest point since 2006, after a stronger-than-expected drop at the end of 2015. “Recent positive demand and price developments in importing countries will start to support prices in exporting countries during Q1,” says Albert Vernooij, analyst. Read more...
Trade has been top of mind for beef producers this past year as export volumes dropped and cattle prices have fallen. A rally could be around the corner with the Trans-Pacific Partnership (TPP) being signed by 12 member countries on Thursday. The trade agreement might be one of the biggest opportunities to turn-around a sliding cattle market. “When you look at the downward pressure we’ve had in the markets over the tail end of 2015 and now into 2016, we’re trying to find all the value we can,” says Colin Woodall, vice president of government relations with the National Cattlemen’s Beef Association (NCBA). Exports and offal took a $200/head. Read more...
North America:On January 21, the USDA National Agricultural Statistics Service (NASS) released its Livestock Slaughter report. According to the data, U.S. cattle slaughter during the final quarter of 2015 equaled 7.14 million head. This was down slightly from the previous quarter and was down slightly from a year ago. During the fourth quarter of 2015, U.S. beef production totaled 6.03 billion pounds. This was a little more than the previous quarter and was 1.5 percent more than a year ago. The average live cattle weight at the end of December equaled 1,388 pounds, 21 pounds more than a year ago. During 2015, U.S. cattle slaughter totaled 28.20 million head,. Read more...
London-based P&S Foods, which trades as Sam’s Chicken, has been named among the latest list of employers who have failed to pay their workers the National Minimum Wage. In the list, revealed by Business Minister Nick Boles, the 92 companies named owed a combined £1.87 million in arrears, and covered sectors including hairdressing, social care, hospitality and security services. Since the scheme was introduced in October 2013, 490 employers have been named and shamed, with total arrears of over £3m and total penalties of over £1.1m. Boles said: “As a one-nation government on the side of working people, we. Read more...
Belarus has banned pork from Crimea following an outbreak of African Swine Fever. The temporary ban was imposed on 3 February by the Belarus Department of Veterinary and Food Supervision, Ministry of Agriculture, reportsDepo. The ban includes live pigs, boar semen, pork (including from wild boar) and products such as leather, horn and hoof and intestinal raw materials and bristle. In addition, a ban is also imposed on feed and feed. Read more...
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