One consequence of the back-to-back-to-back black swans is a surge in the popularity – or at least sampling – of fake meats. Rising prices for real beef has aided demand for alternatives at retail and foodservice.
JBS USA said it paid an $11 million ransom to cyber attackers that shut down operations in the U.S. and Australia last week. All plants were fully operational by June 3.
Pasture lease rates in a 14-county area of the Flint Hills of Kansas were reported 2% to 3% higher in 2021 compared to 2019, according to the Kansas Department of Agriculture.
Cash fed cattle prices posted new highs for the year this week with expectations for more next week. Wholesale beef trade this week confirmed boxed prices are headed lower after a historic run.
Early weaning is one of the management decisions that can help reduce pressure on native pastures and extend forage supplies for adult beef cows. Beef calves can be early weaned successfully from 60 to 150 days of age.
Meat sales continue to be boosted by high engagement in trips and dollars per trip. Shoppers visited the meat department slightly more often and spent 6.3% more per trip over the 52 weeks ending mid-May.
Cash fed cattle traded at steady prices for the third consecutive week. Wholesale beef prices continued their advance, sparked by smaller than expect cattle slaughter early in the week due to the cyberattack at JBS.
Agricultural Marketing Service reporters called demand for feeder cattle and calves “good to very good.” Last week’s fed cattle traded at mostly steady prices on moderate demand.
