Latest News From Greg Henderson

Appeals Court Affirms Beef Checkoff Constitutionality
Appeals Court Affirms Beef Checkoff Constitutionality

The Ninth Circuit Court of Appeals affirmed a lower court’s ruling the Beef Checkoff is not in violation of the First Amendment and speech by state beef councils is government speech, ending a six-year legal challenge.

Voters Reject South Dakota Beef Plant
Voters Reject South Dakota Beef Plant

Voters rejected a proposed small beef processing facility slated for Worthington, South Dakota, in a referendum held last week.

Vaccine Could Provide Cattle GHG Solution
Vaccine Could Provide Cattle GHG Solution

After a decade of research in New Zealand, scientists appear on the cusp of developing a vaccine to limit the methane production from beef and dairy cows.

Vaccine Could Provide Cattle GHG Solution
Vaccine Could Provide Cattle GHG Solution

After a decade of research in New Zealand, scientists appear on the cusp of developing a vaccine to limit the methane production from beef and dairy cows.

Inventory Report: Shrinking Cattle Supplies Confirmed
Inventory Report: Shrinking Cattle Supplies Confirmed

USDA’s semi-annual Cattle Inventory report on Friday confirms the U.S. inventories of beef cows, replacement heifers, feeder cattle and calf supplies are declining. The ongoing drought will accelerate the trend.

New Zealand Importer Will Launch Zero Carbon Beef
New Zealand Importer Will Launch Zero Carbon Beef

Silver Fern Farms, the New Zealand grass-fed red meat company, said it will introduce its first range of Toitu Net Carbon Zero Certified Beef in the United States late this year.

Divestment plan leads to ownership changes for 11 feedlots
Declining Weights, Grades Suggest Fewer Front-End Cattle

Cattle market analysts point to declining carcass weights and declines in the percentage of Prime and Choice grading carcasses in recent weeks as a clear signal the peak in fed cattle numbers has been established.

Texas Cattle Co. Wins Suit Against Breed Association
Texas Cattle Co. Wins Suit Against Breed Association

A Texas jury has awarded a $30 million verdict to a cattle company after a three-year legal battle over withheld DNA verified pedigree information.

Brazil Meat Packing Plant
North Platte Expected To Invest In Sustainable Beef

Sustainable Beef, LLC, will likely receive $1 million from the North Platte Quality Growth Fund. to be used to help pay for the estimated $10 million cost of architectural, engineering and planning.

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Cash Cattle Prices Steady, Feeders Higher

Cash fed cattle prices were called mostly steady while packer demand was called moderate. Feeder cattle and calf markets traded higher.

Greg Henderson
Booker's Boondoggle

To hear Sen. Cory Booker tell it, the Farm Systems Reform Act would “create a level playing field for independent family farmers” and “transform the broken system built by multi-national meatpacking companies.”

Vermeer Innovations Continue 50 Years After Revolutionary Baler
Vermeer Innovations Continue 50 Years After Revolutionary Baler

Vermeer Corp. celebrates the 50th Anniversary of the first large round baler by introducing new and innovative products and technologies that reduce on farm labor needs while increasing forage production efficiency.

Booker’s Farm System Reform Act ‘Misguided’, NCBA Says
Booker’s Farm System Reform Act ‘Misguided’, NCBA Says

New Jersey Sen. Cory Booker re-introduced his Farm System Reform Act, a bill he says would “transform a broken system.” NCBA calls the proposal "misguided."

Feeder Cattle Higher Last Week, Fed Cattle Softer
Feeder Cattle Higher Last Week, Fed Cattle Softer

Feeder cattle found a hot market the week following the July 4th Holiday. Fed cattle traded steady to softer.

Management Practices to Add Value – Part 2
Management Practices to Add Value – Part 2

Good calf management adds value.  This value can be captured through marketing preconditioned weaned calves or retained ownership past weaning. 

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Beef-on-Dairy Boosts Livestock Sustainability

Cargill announces a collaboration with producers to advance the practices of beef-on-dairy, with programs to advance research and support beef and dairy producers in finding the opportunities of beef-on-dairy.

Beef, Pork Exports Set New Records In May
Beef, Pork Exports Set New Records In May

Pork export value exceeded $800 million for the first time in May, while beef exports recorded the third consecutive month of value record highs, driven in part by record-large exports to South Korea.

Sandhills Ranch, Miles of Creek Frontage Offered
Sandhills Ranch, Miles of Creek Frontage Offered

Located 14 miles west of Valentine, Neb., the 4,385-acre Minnechaduza Creek Ranch includes over three-and-a-half miles of creek frontage and irrigated hay meadows.

Drought's Impact
Drought's Impact

Widespread drought brings comparisons to cow inventories a decade ago.

Over 1,000 Counties Approved for Emergency Haying and Grazing
Over 1,000 Counties Approved for Emergency Haying and Grazing

Emergency haying and grazing on CRP land is now allowed in 32% of the counties in the U.S., according to USDA. In June alone, emergency haying and grazing was authorized in 196 counties.

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JBS USA To Help Fund Affordable Housing

As part of its Hometown Strong program, JBS USA says it will invest additional funds to work with local leaders to build new homes and establish revolving funds to stimulate housing construction.

COF Steady, Placements Down 7%, Cattle Prices Higher
COF Steady, Placements Down 7%, Cattle Prices Higher

Cattle trade was light in all regions this week with prices steady to higher. USDA's cattle on feed report put inventories up slightly with placements down 7% from last year, at the low-end of the pre-report estimates.

Auction Prices Higher Last Week
Auction Prices Higher Last Week

Order buyers were willing to take on early-weaned calves in drought-stricken areas of the Northern Plains, according to AMS reporters.

Divestment plan leads to ownership changes for 11 feedlots
Fed Cattle Highest In 16 Months

Cash fed cattle prices posted new highs for the year this week with expectations for more next week. Wholesale beef trade this week confirmed boxed prices are headed lower after a historic run.

Kansas Flint Hills Lease Rates 2021
Kansas Flint Hills Lease Rates 2021

Pasture lease rates in a 14-county area of the Flint Hills of Kansas were reported 2% to 3% higher in 2021 compared to 2019, according to the Kansas Department of Agriculture.

Early Weaning a Drought Management Strategy
Early Weaning a Drought Management Strategy

Early weaning is one of the management decisions that can help reduce pressure on native pastures and extend forage supplies for adult beef cows. Beef calves can be early weaned successfully from 60 to 150 days of age.

Meat Demand Remains Robust During May
Meat Demand Remains Robust During May

Meat sales continue to be boosted by high engagement in trips and dollars per trip. Shoppers visited the meat department slightly more often and spent 6.3% more per trip over the 52 weeks ending mid-May.

Cash Fed Cattle Firm, Feeders Higher
Cash Fed Cattle Firm, Feeders Higher

Cash fed cattle trade was more active than in recent weeks, and prices were steady to slightly stronger. Wholesale prices show signs of peaking.

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JBS Paid $11 Million In Ransom to Cyber Criminals

JBS USA said it paid an $11 million ransom to cyber attackers that shut down operations in the U.S. and Australia last week. All plants were fully operational by June 3.

Greg Henderson
Black Swan's Offspring?

One consequence of the back-to-back-to-back black swans is a surge in the popularity – or at least sampling – of fake meats. Rising prices for real beef has aided demand for alternatives at retail and foodservice.

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Fed Cattle Three Weeks Steady, Feeders Higher

Cash fed cattle traded at steady prices for the third consecutive week. Wholesale beef prices continued their advance, sparked by smaller than expect cattle slaughter early in the week due to the cyberattack at JBS.

JBS Plants Operational After Cyberattack
JBS Plants Operational After Cyberattack

JBS USA said Wednesday the “vast majority” of its processing plants were operational after a Memorial Day weekend cyberattack on its operations in North America and Australia.

Divestment plan leads to ownership changes for 11 feedlots
Feeder Cattle Mixed Last Week, Fed Cattle Steady

Agricultural Marketing Service reporters called demand for feeder cattle and calves “good to very good.” Last week’s fed cattle traded at mostly steady prices on moderate demand.

Senators Promise Hearing On Cattle Markets
Senators Promise Hearing On Cattle Markets

The disparity in cattle markets was a lead topic of discussion during Senate Agriculture Committee's nomination hearing for USDA's general counsel, with Senators promising to soon hold a hearing on livestock markets.

Ghost-Cattle Scheme Spawns Another Lawsuit
Ghost-Cattle Scheme Spawns Another Lawsuit

The fallout continues from a ghost-cattle scheme as Rabo AgriFinance filed suit in federal court seeking to foreclose on Easterday family assets that have been in default for months.

Drought Forces ND Ranchers To Sell Pairs
Drought Forces ND Ranchers To Sell Pairs

No rancher wants to sell cow-calf pairs in May, but that’s exactly what’s happening at Stockmen's Livestock Exchange in Dickinson, North Dakota. Extreme drought conditions brought 700 pairs to the sale last week.

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Feeder Cattle Higher On Moderate Demand

Feeder cattle sold high on good to moderate demand last week. CME live cattle traded lower following Friday's cattle on feed report, while feeder futures were modestly higher.

COF Up 5%, Cash Cattle Steady to Higher
COF Up 5%, Cash Cattle Steady to Higher

USDA's Cattle on Feed report was 5% higher than May 2020. Cattle prices were steady to higher and wholesale beef prices continued spiraling upward.

Sen. Rounds Pushes DOJ On Packer Probe
Sen. Rounds Pushes DOJ On Packer Probe

The growing disparity between wholesale beef prices and live cattle prices is hurting both consumers and cattlemen, says Senator Mike Rounds, who asked members of Congress to sign a letter to the Department of Justice.

Greg Henderson
Cattle Market Turmoil Gathers Lawmakers' Attention

The impact of cattle market discrepancies are being felt by consumers and gaining the attention of lawmakers outside traditional farm-states. New reporting suggests USDA may be considering regulatory action.

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Argentina Halts Beef Exports, Producers To Strike

Argentina’s beef sector is in turmoil after the government announced a 30-day ban on beef exports in an unorthodox move to try to contain runaway inflation which is approaching 50% annually.

Cattle Fraud Charges Added To Diemel Murders
Cattle Fraud Charges Added To Diemel Murders

A Missouri man accused of the murders of two Wisconsin brothers in 2019 now faces additional federal fraud charges relating to his business dealings with the brothers.

Texas' Historic Turkey Track Ranch Offered In Q4 2021
Texas' Historic Turkey Track Ranch Offered In Q4 2021

Offered for sale in the fall of 2021, the 80,000-acre ranch owned by the Whittenburg and Coble families for 120 years, boasts a rare combination of history, heritage and natural resources.

Feeder Cattle Higher At Auction Last Week
Feeder Cattle Higher At Auction Last Week

Lower grain prices last week helped boost prices for feeder cattle and calves at most auctions across the country. AMS reporters expect grain prices will continue to be a major factor in cattle prices going forward.

Cattle Trade Higher, Beef Continues Rally
Cattle Trade Higher, Beef Continues Rally

Cash fed cattle traded at modestly higher prices this week in light to moderate volumes. Wholesale beef prices continued pushing higher, and cattle futures prices fizzled with Thursday's losses.

$650 Million Cattle and Marijuana Ponzi Scheme
$650 Million Cattle and Marijuana Ponzi Scheme

The U.S. Department of Justice has charged an Illinois woman and a Georgia man with running a Ponzi scheme that raised approximately $650 million from investors across the country.

Profit Tracker: Cattle Squeeze Continues, Hog Margins Near Orbit
Profit Tracker: Cattle Squeeze Continues, Hog Margins Near Orbit

Cattle prices held steady last week, but packer margins continue climbing in the greatest squeeze on cattlemen in memory without the influence of a specific black swan event. Pork producers are experiencing euphoria.

Famous Montana Ranch Under Contract For $136 Million
Famous Montana Ranch Under Contract For $136 Million

The Climbing Arrow Ranch consisting of nearly 80,000 acres near Bozeman - and featured in a 1992 Robert Redford movie - was under contract within a week for its asking price after a bidding war.

Walmart Canada Offers ‘Sustainable’ Beef
Walmart Canada Offers ‘Sustainable’ Beef

Walmart Canada’s brand “Your Fresh Market” now carries a sustainability certification label on each package of beef patties, making the retailer the first in Canada to feature the on-pack claim.

Stocker And Feeder Cattle Lower As Drought Intensifies
Stocker And Feeder Cattle Lower As Drought Intensifies

Expanding drought across the Central Plains becomes increasingly evident in cattle markets. Stocker and feeder cattle sold lower last week, even as demand for grazing cattle was called good in parts of the NC region.