Latest News From Global Economy

The U.S. And Europe Are At Odds Over Trump-Era Tariffs, And It's Now Causing Strained Relations
The U.S. And Europe Are At Odds Over Trump-Era Tariffs, And It's Now Causing Strained Relations

While the U.S. and EU aim to make progress during an upcoming summit, reaching a final agreement is uncertain. This issue has significant implications for U.S./EU ties, climate goals, and geopolitics.

Is A Recession Imminent? Here Are The Red Flags Ag Economists Are Now Watching
Is A Recession Imminent? Here Are The Red Flags Ag Economists Are Now Watching

While ag economists continue to be at odds when it comes to the likelihood of a recession in the U.S., some doubt the country's biggest importers will be able to avoid a recession over the next 18 months.

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Bank of America Says a U.S. Debt Default is "Likely"

Speaker McCarthy agreed that the House wouldn’t lift the debt ceiling unless Congress slashes federal spending next fiscal year. Because of this, Bank of America is telling clients to expect a debt default this fall.

U.S. Could Run Out of Money by Thursday if the Debt Limit Isn't Lifted
U.S. Could Run Out of Money by Thursday if the Debt Limit Isn't Lifted

If the nation’s debt hits $31.4 trillion—it’s on track to do so by this Thurs.—the Treasury will need to take “extraordinary measures” to help pay the government's operations and ward off a historic default.

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Chinese Delegates Meet with Top U.S. Officials in New York

China moved to close parks, malls and museums on Tues. as COVID-19 cases hit near-record levels. Lockdowns follow reports that, days before COP27, Xi sent policy and business advisers to New York to meet U.S. executives.

Strong global, domestic demand provides a bright spot for U.S. grain.
Demand Drivers: Livestock

Strong global, domestic demand provides a bright spot for U.S. grain.

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Trump's Top NAFTA Negotiator Dines With Mexico's in Buenos Aires

Could dinner talk help bust through a NAFTA impasse?

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NAFTA Talks Bogged Down as U.S. Partners Resist Hardline Demands

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Brazilian Authorities Arrest JBS CEO Batista for Insider Trading

For the second time this week a member of the Batista family, owners of the world’s largest meat packing company, has been arrested in Brazil.

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In Year of Bad News, Brazilian Meat Giants Catch a Break

JBS, Marfrig and Minerva stand to gain record beef margins.

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JBS's Batista Brothers Debt Surged as Family Shuffled Assets

Wesley and Joesley Batista have combined debt of $790 million.

A boy watches a landless occupant farmer gather cattle at Agropecuária Santa Bárbara Xinguara SA Maria Bonita farm.
Brazil Cattle Farmers Pay Price for JBS Graft as Giant Buying Less

Post-scandal squeeze on finances sparks asset sales, cutbacks.

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India Is About to Upend the Global Beef Trade

A recent ban on the sale of cattle for slaughter will limit access to growing markets.

Meat production in Brazil.
Europe Raises 'Serious Concerns' Over Brazil Meat After Probe

In letter, EU demands improved checks on meat safety.

Cattle on Agropecuária Santa Bárbara Xinguara SA Espirito Santo farm in Maraba, Brazil.
Bad Boy of Brazil Finance Is Now a Cattle-Ranching Billionaire

PE investments push Daniel Dantas’s fortune to $1.8 billion.

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U.S. Beef Deal with China Almost a Reality

Beef trade protocols with China have been finalized by USDA.

Customers buy meat from at a butchery stall inside a market in Sao Paulo, Brazil, on Saturday, March 18, 2017.
JBS Bribery Tapes Stir Up Fresh Brazil Turmoil

Brazil was plunged back into a political crisis reminiscent of last year’s impeachment saga following reports that President Michel Temer was embroiled in an alleged cover-up scheme involving the jailed former speaker of the lower house of Congress.

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Where Cows Outnumber People, Asian Buyers Seen Hunting Beef M&A

Interest driven by export potential, Ontilcor director says.

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U.S. Inks China Trade Deal Promoting Finance Services, Beef

Deal paves way for more trade negotiations in coming months.

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U.S., China Reach Agreement on Beef, Poultry, Natural Gas

China will finally open its borders to U.S. beef while cooked Chinese poultry is closer to hitting the U.S. market as part of a U.S.-China trade agreement.

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Saudi Arabia Suspends Imports From 4 Brazilian Meat Plants

Imports halted from 1 plant of BRF and 1 Seara facility.  

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Brazil's Tainted-Meat Probe Leaves World Hungry for Chicken

Major importers ban Brazil shipments after food-safety scandal.

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Top Buffalo Meat Exporter on Edge Amid Slaughter Pledge

Top Buffalo Meat Exporter on Edge Amid Slaughter Pledge (1)

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Grain Markets Seen Trending Upward

Skepticism over record-breaking crop production estimates explains why the market shrugged off the “hugely bearish” USDA Aug. 12 report, according to Jack Scoville of the Price Futures Group.  

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Cargill Says More Work to Do as It Reviews Global Empire

Cargill Inc. is continuing to review its sprawling array of businesses as the largest closely held U.S. company tries to recover profitability lost amid a slump in agricultural prices and some commodity-trading missteps.

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Beef Export Bonanza for Brazil as Chinese Eat More Foreign Steak

Chinese consumers are eating more beef than the country can produce, and that’s led to a sales bonanza for exporters in Brazil.

Land of Steak-Frites Fears U.S. Beef Menace in EU Trade Deal
Land of Steak-Frites Fears U.S. Beef Menace in EU Trade Deal

For Bruno Dufayet, the latest round of trade talks between the European Union and the U.S. could sound the death knell for France’s small cattle farms.

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Analysts Recommending JBS Say They Really Love It at Lower Price

JBS SA may have become too cheap to ignore. That’s what at least five of the analysts that cover the company said in the last couple of weeks, saying the shares of the world’s largest meat producer were undervalued after falling to the lowest level since 2014 in late January.

Meat consumption is changing, in America and around the world.
Meat Market: A History of U.S. Meat Consumption (INFOGRAPHIC)

Americans eat more meat per person than residents of almost any other country, but what meat they eat has evolved and will continue to adapt. “Our lifestyles and preferences have changed,” says John Nalivka, president of Sterling Marketing. “Most people don’t sit down and eat a 20-oz. steak anymore. Most of us are perfectly happy to have a quality 8-oz. steak."

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Macri Eliminates Argentine Farm Export Taxes on Wheat, Corn

Argentine President Mauricio Macri carried through on a campaign pledge by eliminating export taxes on agricultural goods including beef, wheat and corn while cutting a tariff on soybeans by 5 percentage points.

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Farming Flourishes Amid Brazil's Fiscal Mess

Financial and political turmoil that put Brazil on the brink of a depression also is contributing to one of the best years ever for domestic farmers.

Argentina Opens for Business at Last

Farmers across the fertile pampas are getting ready to empty silo bags of corn and soybeans after years of withholding part of their crop in anger over tax policies.

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In Hungry Venezuela, JBS Commands Market for Meat

For JBS, the Venezuelan market now has special significance. It has a $2.1 billion contract and provides almost half the meat and a quarter of the chicken eaten by 28 million carnivorous Venezuelans.

French Cattle Ranchers Protest Shrinking Exports, Falling Prices
French Cattle Ranchers Protest Shrinking Exports, Falling Prices

Squeezed by 16 months of falling prices and a shrinking export market, French cattle ranchers turned to protests this week at 18 slaughterhouses around the country.

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Brookfield Said to Raise $300 Million for Brazil Farmland Fund

Brookfield Asset Management Inc., Canada’s largest alternative asset manager, reportedly has raised $300 million for a new agricultural fund targeting Brazilian farmland.

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As Latin America Grows, Agricultural Land Expansion Slows

But a new study of satellite imagery from Latin America suggests the rate of that growth may be downshifting.

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U.S., Japan Seek Trade Deal in Advance of Abe Washington Visit

Important ag customer Japan and the United States are trying to come to terms on a trade agreement before Shinzo Abe arrives in Washington. If successful, U.S. producers could see lower tariffs on their goods.

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Brazilian Meat Exporters Lose Demand Base

Low oil prices have hammered demand in countries where Brazil typically sells beef.

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Rabobank: U.S. Cattle Market ‘Vulnerable’ to Price Correction

Quarterly report gives overview of global supply and demand trends for beef.

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China to Cut Agriculture Tariffs in 'Game Changer' for Australia

All dairy tariffs, which can be as high as 20%, will be removed within four to 11 years.

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Beef Prices Surge as Global Demand Grows

Retail beef prices are the highest ever in the U.S., and the wholesale cost of the meat is up 26 percent in 2014.

Manager’s Corner

Manager’s Corner

Montana Cowboy Bucks Putin Meat Ban With Russian Ranch Expansion

American rancher Darrell Stevenson formed Stevenson-Sputnik LLC with two Russian partners in 2010 and has since transplanted about 1,500 head of cattle by air and sea to their ranch.

Canada, Mexico to Retaliate on COOL

Many U.S. commodities may be slapped with tariffs if the WTO approves the list.

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Wheat Feeding to Decline Over Next Year

While wheat supplies are still heavy, by 2013 some analysts think wheat prices will reflect the human food market, rather than the animal feed market.