A winter storm and the coldest temperatures in decades has created another crisis for cattle feeders and beef packers. Rolling power outages and natural gas shortages at feedyards has hampered efforts to feed cattle.
Negotiated cattle traded steady to higher for the week with moderate volumes ahead of a major winter storm that is likely to increase feeding costs and reduce market weights.
The world’s first 3-D bioprinted ribeye steak was unveiled this week. Just like plant-based products already in grocery stores, cultured meats will rely on misinformation about beef to overcome the “yuck” factor.
Claiming Easterday Ranches conducted a “fire sale” of one of its feedlots just days before filing for bankruptcy, Tyson Foods asks a U.S. Bankruptcy Court to appoint a trustee to take control of the Easterday estate.
A new report suggests investments and partnerships in agriculture could help reduce U.S. GHG emissions by two-thirds by encouraging widespread adoption of climate-smart practices on farms and ranches.
U.S. beef exports finished 2020 down 5% in both volume and value, but finished the year on an upswing with fourth quarter volume up 4.4% from 2019 and posting one of the best months on record in December.
While cattle traded higher for the second consecutive week, and the highest since last May, the action was frustrating for feeders who see fundamentals that suggest much higher prices.
Easterday Ranches Inc. filed for Chapter 11 bankruptcy protection on Monday following a civil lawsuit filed last week by Tyson Foods, Inc. alleging the company defrauded Tyson of more than $225 million.
Tom Vilsack, during Senate confirmation hearings Tuesday, said he was willing to consider reimplementation of country-of-origin labeling (COOL) regulations for meat products.
USDA’s annual Cattle Inventory report released Friday estimated the total U.S. herd on Jan. 1, 2021, at 93.6 million head, about 200,000 head fewer than in 2020.
