Latest News From Greg Henderson

Meat Sector Leads Food Price Inflation
Meat Sector Leads Food Price Inflation

Food prices were higher for the sixth consecutive month during September, with beef and pork leading the trend. The rapid increase has analysts concerned price inflation may soon impact consumer demand.

New Mexico Buys Ranch To Expand Wildlife Habitat
New Mexico Buys Ranch To Expand Wildlife Habitat

A public-private partnership has purchased the Pipkin Ranch for management by New Mexico's Department of Game & Fish to expand the habitat of the lesser prairie chicken and other grassland wildlife.

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WASDE Raises Beef Production Forecast, Lowers Pork & Poultry

USDA’s World Agricultural Supply & Demand Estimates released Tuesday project an overall decline in 2021 red meat and poultry production despite a higher beef production forecast.

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Declines in U.S. Beef Imports Will Continue In 2022

Overall declines in U.S. beef imports are tied to significant declines from Australia, and that’s a trend likely to continue into next year, Steiner Consulting Group analyst says.

Biden Announces Expansion of Bears Ears and Grand Staircase
Biden Announces Expansion of Bears Ears and Grand Staircase

The White House announced Thursday President Joe Biden would sign three proclamations to restore protections for Bears Ears, Grand Staircase-Escalante, and Northeast Canyons and Seamounts Marine national monuments.

Cowboys, Lawmakers Discuss Market Reforms During House Ag Committee Hearing
Cowboys, Lawmakers Discuss Market Reforms During House Ag Committee Hearing

The U.S. House Agriculture Committee held its fourth hearing on livestock markets on Thursday, with witnesses addressing the need for reforms but with no consensus of what such reforms might entail.

August Beef Exports Top $1 Billion; Pork Exports on Record Pace
August Beef Exports Top $1 Billion; Pork Exports on Record Pace

U.S. beef exports topped $1 billion in value for the first time in a single month during August, while U.S. pork exports posted another strong month remaining ahead of the record pace established last year.

Sierra Club Sues To Stop Iowa Feedlot
Sierra Club Sues To Stop Iowa Feedlot

The Iowa Chapter of the Sierra Club is suing the Iowa Department of Natural Resources in an effort to stop a 11,600-head feedlot in Clayton County that lies near Bloody Run Creek.

Government Interference Will cost Producers Billions, NAMI Says
Government Interference Will cost Producers Billions, NAMI Says

Legislative proposals aimed at the U.S. livestock markets could have a negative impact on farmers and ranchers they are intended to protect, Meat Institute argues ahead of Thursday’s House Ag Committee hearing.

Wholesale Beef Price Roller Coaster Could Continue
Wholesale Beef Price Roller Coaster Could Continue

Wholesale beef prices have declined nearly 18% since late August at the same time retail prices have risen. But demand for beef remains high, with forward buying increasing the last few weeks.

Calf Markets Begin October In Mixed Trade
Calf Markets Begin October In Mixed Trade

October is historically the month with the most pressure on calf prices and last week saw auction markets with mixed prices, from $2 higher to $5 lower.

USDA Launches Loan Guarantee To Build Capacity
USDA Launches Loan Guarantee To Build Capacity

Ag Secretary Tom Vilsack announces a USDA loan guarantee initiative to create more and better market opportunities, promote competition and strengthen America’s food supply chain

Sustainability Support for the Cattle Industry
Sustainability Support for the Cattle Industry

Trust In Beef™ is Drovers’ commitment to aid ranchers’ sustainability journey.

New Mexico Ranchers Capture Texas Murder Suspect
New Mexico Ranchers Capture Texas Murder Suspect

Three New Mexico ranchers captured and held a Midland, Texas, murder suspect who fled law enforcement Monday night just north of Roswell, N.M.

Divestment plan leads to ownership changes for 11 feedlots
Judge Denies Tyson’s Claim Against Easterday Sale

A federal judge in Yakima, Wash., has denied Tyson Fresh Meats’ motion in bankruptcy court to pursue fraudulent transfer claims against Easterday Ranches for the sale of its North Lot prior to filing for bankruptcy.

Cattle Steady to Softer, COF Down 1%
Cattle Steady to Softer, COF Down 1%

Cash cattle trade was steady to softer in a light test. September cattle on feed numbers were the second largest since the data series began.

USDA Cold Storage Supplies Down 14%
USDA Cold Storage Supplies Down 14%

The supply of beef, pork and poultry in cold storage was 14% lower during August than last year, according to USDA’s monthly report.

BSE Case Confirmed on U.K. Farm
BSE Case Confirmed on U.K. Farm

A single case of classical bovine spongiform encephalopathy (BSE) was confirmed by British animal health officials on Friday.

BLM Will Relocate Headquarters Back To D.C.
BLM Will Relocate Headquarters Back To D.C.

On Friday Interior secretary Deb Haaland announced the BLM will move its headquarters back to Washington, DC, after having relocated to Grand Junction, Colo., during the Trump administration.

Cause of JBS Fire Determined
Cause of JBS Fire Determined

The Grand Island, Neb. Fire Department has concluded its investigation into the cause of the fire last week at the JBS beef processing facility.

Biden Announces Methane Reduction Effort, NCBA Confident In U.S. Cattle Record
Biden Announces Methane Reduction Effort, NCBA Confident In U.S. Cattle Record

The U.S. and the European Union have launched a global pledge to reduce methane emissions by at least 30% by the end of the decade. NCBA urges an open dialog on domestic methane targets.

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Feds Authorize Gray Wolf Review Ranchers See As Unnecessary

The U.S. Fish and Wildlife Service announced it will conduct a 12-month status review to determine whether or not to issue a designation for the gray wolf in western North America under the Endangered Species Act.

Antitrust Lawsuit Against Packers To Move Forward
Antitrust Lawsuit Against Packers To Move Forward

A federal judge has denied a motion for dismissal of the lawsuit alleging price fixing and market manipulation by America’s four largest beef packers.

“Scapegoating” Industry Does Not Help Consumers, Meat Institute Tells Vilsack
“Scapegoating” Industry Does Not Help Consumers, Meat Institute Tells Vilsack

In a letter to Ag Sec. Tom Vilsack, the North American Meat Institute asks the administration to stop ignoring "fundamental principles of supply and demand" and acknowledge industry structure is not causing inflation.

Packing Woes Continue With JBS Fire, Tyson Computer Glitch
Packing Woes Continue With JBS Fire, Tyson Computer Glitch

An overnight fire at the JBS beef facility and a temporary computer glitch at Tyson's Dakota City facility disrupted beef packing on Monday sending futures prices sharply lower.

Fire at JBS Grand Island, Neb., Facility
Fire at JBS Grand Island, Neb., Facility

Firefighters responded to a fire at the Grand Island, Neb., JBS beef facility on Sunday night.

China May Quickly Resume Importing Brazilian Beef
China May Quickly Resume Importing Brazilian Beef

The World Organization for Animal Health (OIE) has concluded their investigation into the two BSE cases in Brazil, paving the way for exports to continue to China later this month.

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Brazil, Chile Approve Methane-Reducing Feed Additive

Regulators in Brazil and Chile have granted market authorization to Bovaer®, a novel methane-reducing feed additive for ruminants produced by Dutch nutrition giant Royal DSM NV.

Senators Vie To Reestablish Mandatory COOL
Senators Vie To Reestablish Mandatory COOL

The American Beef Labeling Act was announced by four U.S Senators on Wednesday that would reinstate mandatory country of origin labeling (MCOOL) for beef.

New Beef and Pork Facility Planned for So. Illinois
New Beef and Pork Facility Planned for So. Illinois

Saline River Farms, LLC, has announced plans to build an 83,000-square-foot beef and pork processing facility in southern Illinois, part of USDA’s efforts to increase capacity and diversify processing facilities.

July Beef Exports At Record Value, Pork Exports Steady
July Beef Exports At Record Value, Pork Exports Steady

Both beef ad pork export totals remained strong during July, with beef export value rising 45% and pork export value rising 20%, according to the U.S. Meat Export Federation.

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Brazilian Cases of BSE Halt Beef Exports To China

Brazil has suspended beef exports to China after confirming two cases of “atypical” bovine spongiform encephalopathy (BSE) in two separate domestic meat plants, the agriculture ministry said on Saturday.

Drought Forcing Ranchers to Sell More Feeder Heifers
Drought Forcing Ranchers to Sell More Feeder Heifers

The percentage of heifers in USDA’s August feeder cattle sale reports is higher this year in all three marketing channels – auctions, direct sales and video auctions – an indication of the drought's influence.

Suspicious Deaths of 58 Cows In North Dakota
Suspicious Deaths of 58 Cows In North Dakota

Officials in North Dakota are investigating the suspicious deaths of 58 pregnant cows grazing U.S. Forest Service rangeland. The loss to the rancher is estimated at $100,000.

Cattle & Hog By-Product Values Highest in Six Years
Cattle & Hog By-Product Values Highest in Six Years

Steer, cow and hog by-product values have each reached their highest level in nearly six years. Steer hide and offal values are nearly double last year's price and 43.5% higher than the five-year average.

Environmental Group Outbids Rancher For Grazing Lease
Environmental Group Outbids Rancher For Grazing Lease

An environmental group that wants to end public-land grazing has outbid a rancher in central Idaho for a grazing lease on state land. It's an alarming precedent cattlemen fear will play out again in the future.

Expect Tight Hay Supplies, Higher Prices
Expect Tight Hay Supplies, Higher Prices

The combination of smaller yields and fewer acres harvested will translate into another year of rising hay prices, says the Livestock Marketing Information Project.

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Calf And Feeder Markets Heating Up

Auction markets across the country saw some sizzling prices last week as demand was called moderate to good for all weights of steers and heifers.

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U.S. Frozen Beef Exports To China Growing

Ongoing tensions between Australia and China have opened the door for increased shipments of beef and other commodities to China.

Cash Cattle Disappointing, Calves Mixed
Cash Cattle Disappointing, Calves Mixed

Cash cattle prices increased for the week but the gains were disappointing to feeders who visualized a larger advance.

Canada's Beef Cow Herd Declines
Canada's Beef Cow Herd Declines

Even as beef cow numbers declined, Canada’s total cattle inventory increased slightly for the first time in four years on July 1. Like their American counterparts, western Canadian ranchers are struggling with drought.

Little White River Ranch Offered In SD
Little White River Ranch Offered In SD

With a carrying capacity of 600 to 800 cows, the Little White River Ranch is described as a versatile working ranch that boasts great protection for cattle in the winter and feed production in the summer.

Stocker and Feeder Cattle Uneven Last Week
Stocker and Feeder Cattle Uneven Last Week

Drought is bringing spring-born calves to town a full two- to three-months early in the Northern Plains, yet demand was called very good last week.

Cash Cattle Higher, COF Declines 2%
Cash Cattle Higher, COF Declines 2%

Northern cash cattle traders found solid weekly gains in an active market this week, while cattle in the South sold steady to $1 higher. Cattle on feed declined 2% from last year.

Heat Stifles Auction Prices, Wholesale Beef Advances
Heat Stifles Auction Prices, Wholesale Beef Advances

Heat across the Plains stifled prices on steers and heifers, yet August is historically a good time to sell yearlings and this year is no exception, AMS reporters said. Wholesale beef prices continued higher Monday.

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Senators Ask Treasury Secretary To Investigate JBS

JBS says it seeks opportunities for acquisitions and expansion, but two U.S. senators are calling on the U.S. Treasury Secretary to open an investigation into the Brazilian meatpacker.

Wholesale Beef Higher, Cash Cattle In Neutral
Wholesale Beef Higher, Cash Cattle In Neutral

Cash cattle prices were mostly steady on the week while wholesale beef prices made another run higher. Analysts see the overall fundamentals as strong and prices could trend higher.

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Cash Cattle Begin August Trading Higher, Boxes Surge Again

Late week sales in the North topped the market but fed cattle were firm to higher across all regions. Wholesale beef prices surged more than $18 per cwt. higher for the week.

The Case for AMAs
The Case for AMAs

Calls for cattle market reforms could hinder alternative marketing agreements (AMA), a value-based marketing tool that has improved beef quality over a generation.

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Checkoff Petition Drive Will End Oct. 3

Agriculture Secretary Tom Vilsack has granted the petitioners seeking a vote on the National Beef Checkoff an additional three months to collect the necessary signatures.