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.
Beef packer leverage is evident with cash cattle prices $7 per cwt. lower than the same week a year ago and beef cutout prices $23 per cwt. higher. Pork producers are gaining leverage with a $5 per cwt. price rally.
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.
Cash fed cattle prices ended last week $10 per cwt. lower than last year while the beef cutout closed $16 higher than the same week a year ago. The result? Packer margins $314 per head more than last year.
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.