Heat across the Plains stifled prices on steers and heifers, yet August is historically a good time to sell yearlings and this year is no exception, AMS reporters said. Wholesale beef prices continued higher Monday.
JBS says it seeks opportunities for acquisitions and expansion, but two U.S. senators are calling on the U.S. Treasury Secretary to open an investigation into the Brazilian meatpacker.
Cash cattle prices were mostly steady on the week while wholesale beef prices made another run higher. Analysts see the overall fundamentals as strong and prices could trend higher.
Calls for cattle market reforms could hinder alternative marketing agreements (AMA), a value-based marketing tool that has improved beef quality over a generation.
Late week sales in the North topped the market but fed cattle were firm to higher across all regions. Wholesale beef prices surged more than $18 per cwt. higher for the week.
Agriculture Secretary Tom Vilsack has granted the petitioners seeking a vote on the National Beef Checkoff an additional three months to collect the necessary signatures.
The Ninth Circuit Court of Appeals affirmed a lower court’s ruling the Beef Checkoff is not in violation of the First Amendment and speech by state beef councils is government speech, ending a six-year legal challenge.
After a decade of research in New Zealand, scientists appear on the cusp of developing a vaccine to limit the methane production from beef and dairy cows.
New Jersey Sen. Cory Booker re-introduced his Farm System Reform Act, a bill he says would “transform a broken system.” NCBA calls the proposal “misguided.”
