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Packing plant workers
Fired Tyson Managers: ‘Betting Pool’ Stories Distorted

Former Tyson Foods Waterloo, Iowa, plant managers dispute claims of how an "office pool" regarding COVID-19 was portrayed in news stories and deny it was about how many employees would contract the virus.

Greg Henderson
Overall Meat Sales Higher In 2020

Meat sales - both dollar values and volume - were significantly higher in 2020. Those gains, however, came at the expense of a crippled restaurant and food service industry that may take years to recover.

Cattle and hog feeding
Profit Tracker: Cattle, Hog Margins Treading Water

Cattle and hog finishing profit margins were little changed from last week, with modest profits for cattle and losses for hogs. Beef packer margins declined again to their lowest mark since March.

Broilers
Tyson Foods Agrees To Settle In Poultry Price-Fixing Lawsuit

Tyson Foods Inc. has agreed to settle a portion of a class action lawsuit alleging some of the nation’s major poultry companies conspired to fix broiler prices and rig bids.

Brazilian cattle
Brazilian Beef Exports At Record Levels

Brazilian beef exporters saw an 8% increase in 2020 to 2.02 million metric tons, according to Abrafrigo, the country's beef association. China was the largest importer of Brazilian beef.

Broilers
Pilgrim's Proposes $75 Million Chicken Price-Fixing Settlement

Pilgrim’s Pride Corp., the nation’s second-largest U.S. chicken processor, said it has reached a settlement to pay $75 million to a group of poultry buyers in a price-fixing lawsuit.

Winter in the feedlot
Fed Cattle Steady, Feeders Mixed in First Week Of New Year

Packers were back to buying cattle for a full slaughter week, but their interest only seemed moderate to most feeders. Prices were mostly steady on moderate demand.

Beef Exports Spike, Pork Sets Record

November U.S. beef exports jumped 6% higher, the largest since July 2019. Meanwhile, U.S. pork exports January-November set new annual records for both volume and value.