Prior to testimony at the House Agriculture Subcommittee on Wednesday, Tyson Foods Inc. President and CEO Donnie King released a statement to give his perspective about cattle and beef market practices.
Concerned about consolidation of the feeding industry, R-CALF has asked the FTC and DOJ to investigate the degree of buyer power beef packers exercise over feedlots – in particular, the 77 largest feedlots.
Cash cattle prices saw a surprising but welcome rally ahead of Friday’s Cattle on Feed report, which looks bearish for next week’s futures markets. COF totaled 12.1 million head, 1.7% higher than last year.
Capitalizing on growing demand for products that are more environmentally “friendly,” a New Zealand company began offering USDA-approved Net Carbon Zero Angus beef in the U.S. in March.
Groups are calling on USDA’s Food Safety and Inspection Service to recall any antibioitic-positive beef that was destined for USDA-approved “raised without antibiotics” labeling programs.
A substantial portion of beef advertised as “raised without antibiotics” may, in fact, contain antibiotics, according to research by George Washington University published in Science Magazine.
Iowa Senator Chuck Grassley says he is “confident” the Senate Agriculture Committee will conduct a hearing on the Cattle Price Discovery and Transparency Act of 2022 introduced last week.
Global demand for high-quality U.S. beef, pork and lamb has proven resilient, and USMEF sees opportunities for further growth in both established and emerging markets.
Continued demand for non-GMO feed for livestock will increase greenhouse gas emissions on farms, and raise consumer prices for meat, milk and eggs, according to a study by Iowa State University.
Two new economic analyses of the U.S. cattle markets suggest Congress “must do more” to implement reforms, says R-CALF USA. University economists note neither study has passed peer-review.
