New research published by the National Academy of Sciences ties livestock meat packing plants to 6% to 8% of U.S. COVID-19 cases, and 3% to 4% of the deaths through late July.
The Choice beef cutout price has rallied nearly $30 in November while cash fed cattle prices have gained just $5. As a result, packer margins have increased while feeding margins struggle to remain above water.
California’s Proposition 15 was failing with 72% of the votes in, while Colorado’s Proposition 114 appeared as though it would pass by a narrow margin.
Cattle markets entered November with solid gains across all sectors. Fed cattle rebounded with higher prices in all regions while feeder cattle jumped $2 to $7 per cwt.
Federal wildlife officials removed the gray wolf from the U.S. Endangered Species Act list on Thursday, saying the wolf population has recovered and the animal no longer needs federal protection.
A beef company that fought for years to clear its name in court has broken ground on a state-of-the-art ground beef production facility in Garden City, Kansas.
Profitability for both cow-calf and feedyards is projected to improve in 2021, Sterling Marketing president John Nalivka told AgriTalk host Chip Flory.
Pilgrim’s Pride, which produces 20% of U.S. chicken, has entered into a plea agreement with the Department of Justice in its investigation into price-fixing and bid-rigging of chicken products.
Packers aggressively sought inventory last week and cash fed cattle prices surged $2 per cwt., to instances of $3 higher for the week. Large trade volumes were reported in the North at $107 to $108 per cwt.
