This first full-week following the Memorial Day holiday delivers signals cattle markets may see a second wave of downward pressure, the after-shocks of the COVID-19 earthquake.
Missouri lawmakers told a hearing in Jefferson City last week they hope to form a working group to explore the idea of helping secure a beef harvest and processing facility in the state.
A Brazilian Superior Court ruled Tuesday Joesley and Wesley Batista can return to positions of management at J&F Holding, the parent company of JBS SA, the world’s largest meat packer.
Through May 17, U.S. ground beef sales increased more than $1 billion compared to the same period last year. That’s just some of COVID-19’s impact on retail meat and poultry markets.
Uncle Sam wasted some of your money on a boutique Serbian cheese, which is better than throwing good money after bad in a bungled, years-long attempt to lock up a handful of disgruntled Nevada ranchers.
Industry analysts say there is a 1 million head backlog of cattle waiting for a harvest slot, and working through those heavy front-end supplies could take months.
Cattlemen in western North Dakota are urged to watch for suspicious activity in the region after at least three cattle were shot and butchered in pastures.
Harvest numbers continue to improve as more plants ramp up leading to a steep decline for wholesale beef prices. Feeder cattle saw moderate demand and higher prices.
Bi-partisan legislation was introduced in the Senate on Tuesday that would require 50% of a packer’s cattle purchases each week be negotiated on the cash market.
Tyson Foods said on Wednesday it will discount prices on certain protein products the remainder of this week, and some beef items could be discounted 20% to 30%.
