Beef Industry News and Views
WITH prices of both beef and lamb bobbing along at unheard of levels, it might be thought that all was well with the Scottish red meat sector. However, Jim McLaren, chairman of Quality Meat Scotland (QMS), posted a few warnings yesterday. First of all, he pointed out that the record prime cattle price which averaged [...]
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The continuing stabilisation of the national beef supply base over the past year is confirmed by the latest British Cattle Movement Service (BCMS) data analysed by EBLEX, the industry body for beef and lamb levy-payers in England. A total of just under 2.63 million calves were registered with BCMS between August 2010 and July 2011. [...]
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The USDA Choice and USDA Prime grade shields are highly regarded, both domestically and internationally, as symbols of high-quality American beef. Cattle producers and feeders increasingly rely on USDA grades to determine payments for their cattle—a vital link to supporting and sustaining rural America. Beef is graded at about 35 facilities nationwide, with some facilities [...]
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The International Meat Trade Association (IMTA) has called for increased flexibility over European Union (EU) commodity crisis management so that soaring meat prices – as well as price collapses – can be tamed by the European Commission. Its comments come as Brussels today released its anticipated proposed reforms to the Common Agricultural Policy (CAP), which [...]
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Cows may soon be traced from the cradle to the table, after the European Commission submitted proposals to electronically identify cattle reared and bred in the EU. The aim is to increase food safety, making it easier to trace beef products consumed and reduce administrative costs for farmers who at the moment have to input [...]
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Supermarkets may have increased the price of beef mince by up to 25 per cent (report, August 31), but they are still selling mince as a loss leader. Even at £1.20 for 400g, beef mince, which is boneless with no waste, is still significantly underpriced compared with its cost of production – which is up [...]
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British livestock farmers could lose out as thousands of straw bales are exported to meet a shortage in France. Dry weather that stunted French cereal crops has left farmers across the English Channel desperate to secure enough straw for the coming winter. UK straw merchant Philip Judge said he was shipping up to 1,500t of [...]
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Manchester City striker Sergio Aguero, who is a huge fan of Argentine beef, has been unable to find a butcher who sells it in Manchester, England. = Aguero has been tearing his hair out because English food has left him down in the mouth. “It might seem trivial, but British butchers sell British beef and [...]
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NORTHERN IRELAND, UK – The Livestock and Meat Commission (LMC) reports a significant decline in beef slaughterings and production in July. The Northern Ireland red meat processing industry experienced a significant decline in availability of stock during July 2011 and this tighter supply will have made a significant contribution to the increase in prices paid [...]
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Time is an important component of both healing and financial corrections. Some times, it just takes time. To date, the correction in Agri-Food prices, as shown by the index in the chart below, has been modest. The Agri-Food Price Index has declined less than 7% from the high to the recent low. That would be [...]
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