A handful of highly recognizable fast-food restaurant chains have filed suit in Florida against the nation’s four largest beef packers, alleging price fixing.
The legal tussle between Tyson Foods and Cody Easterday is not complete, even as Easterday reported to federal prison last week to begin his 11-year sentence.
The Family Farmer and Rancher Tax Fairness Act would remove the tax liability for distressed farmers for the assistance provided in Sections 22006 and 22007 of the Inflation Reduction Act (IRA).
Wholesale beef prices have experienced extreme volatility over the past few weeks, which is due in part to seasonal effects and in part to expectations of shrinking beef supplies in the months ahead.
Market-ready cattle saw a light trade into a softer market. Packer margins are in the red, but feedlots are firm sellers with showlist numbers declining.
Cash cattle trades a week following the Thanksgiving rally saw steady prices, but the steadily declining supply of harvest-ready cattle will continue to shift bargaining leverage to producers.
