Jury deadlocks over price-fixing, bid-rigging allegations by poultry executives. Prosecutors suggest a third trial but the U.S. District judge wants a explanation from the head of the DOJ’s Antitrust Division first.
Four U.S. Senators announced they have introduced a revised Cattle Price Discovery and Transparency Act and will push for a hearing on the bill by the Senate Agriculture Committee in the coming weeks.
Fed cattle trades began the week at steady before finding higher bids late week. Cattle on feed numbers remain high as USDA reported a 9% increase in February placements over last year.
U.S. and Japanese officials announced an agreement allowing American producers to meet Japan’s growing demand for U.S. beef while lowering the risk of Japan imposing higher tariffs in the future.
Selected as Grand Champion Jr. Market Steer from a field of 1,750, Vanilla Ice sold for a record $1 million at the 90th Anniversary of the Houston Livestock Show and Rodeo.
A controversial animal rights activist and former member of the Colorado State Board of Veterinary medicine has been charged with animal cruelty. The blatant hypocrisy is stunning.
Cash fed cattle prices traded mostly steady in what most describe as a disappointing market. Cattle feeders began the week asking higher prices but cash bids of $138 bought most cattle in the South.
A foreign leader addressing a joint session of Congress this week was a rarity. Not to be outdone, the partisan and often cantankerous members of the U.S. Senate passed legislation unanimously on a voice vote!
A federal appeals court has affirmed the dismissal of a lawsuit brought by cattle ranchers over the alleged mislabeling of beef as a “Product of the U.S.A.”
