Line speeds at some poultry plants were increased last year, a move critics claim also increased the spread of the coronavirus among poultry plant workers. The administration seeks to make the rule permanent.
Cattle feeders gained enough leverage to push negotiated cash cattle prices higher during both holiday weeks as 2020 drew to a close. Supplies of fed cattle will tick lower during the first quarter of 2021.
Tyson Foods notified the Securities and Exchange Commission on Monday it was filing corrected financial results after an internal review found “misappropriation of company funds” by one of its beef suppliers.
The U.S. Court of Appeals for the Ninth Circuit rejected the Meat Institute’s challenge to California’s 2018 ballot initiative that imposes new standards for animal housing.
Negotiated cash fed cattle traded $2 higher in the South during the holiday-shortened week. Futures markets appear supportive and asking prices will be higher in the days before New Year’s.
The Meat Institute has joined with the United Food and Commercial Workers Union in asking governors from all 50 states to prioritize COVID-19 vaccinations for frontline meat and poultry workers.
Disruptions to the beef industry from the COVID-19 pandemic will likely linger into 2021, but the result may not be all bad for producers, Don Close, animal protein analyst at Rabo AgriFinance told AgriTalk.
Fed cattle treaded steady in the South to weaker in the North, with wholesale beef prices posting additional declines for the week. Friday’s cattle on feed report was as advertised and will be viewed as neutral.
Central Idaho’s Y-3 Ranch consists of 2,375-deeded acres supporting 350 breeding cows annually. The ranch is insulated by large, private ranches and undeveloped BLM and state lands, offering seclusion and privacy.
