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More than half of a $1 million South Dakota grant given to Northern Beef Packers to cover construction and equipment costs was improperly diverted to pay immigration loan monitoring fees, state officials said Friday.
A south-central Idaho company is appealing a ruling in bankruptcy court saying it must pay nearly $1 million after breaching a cattle-feeding contract.
The latest livestock trade data indicates that the Mexican cattle industry is undergoing rapid and dynamic change, which will affect cattle and beef flows between the U.S. and Mexico.
Potential buyers of an idled, bankrupt South Dakota beef plant have until Friday to apply to become qualified bidders for the upcoming auction.
More than two dozen foreigners who took part in an investment-for-green-cards immigration program had their $500,000 contributions transferred to a South Dakota beef plant after initially committing their funds for other projects, according to state records.
Federal authorities are investigating the finances of an idled beef plant and a federal immigration program that supplied much of its funding, two former chief players in the company told The Associated Press on Thursday.
Two California men have admitted their part in the attempted theft of beef from a Kansas slaughterhouse. Prosecutors say the case exemplifies a relatively new form of identity theft in which suspects pose as a legitimate trucking firm to steal cargo.
Attorneys have asked that a minimum bid of $12.75 million be set for an idled South Dakota beef packing plant at an auction scheduled for Dec. 5.
Cash fed cattle prices may equal or surpass record highs this week. Here’s why.
A man laid off by Northern Beef Packers in Aberdeen, S.D., has filed a class-action lawsuit against the plant that has filed for bankruptcy.
The National Cattlemen’s Beef Association comments on Merck Animal Health’s response to Tyson’s ban of Zilmax-fed cattle.
Merck Animal Heath will suspend sales of Zilmax in the U.S. and Canada, while the beta-agnostic feed additive is under additional scientific audit after Tyson issued a ban on purchasing Zilmax-fed cattle.
South Dakota State University Extension is hosting a Seedstock Symposium June 27-28 in Sioux Falls to provide cattle producers with information on tools improve cattle feeding and reproductive efficiency.
Even with USDA’s higher forecast of 2013 beef production, lower expected corn yields and higher prices continue to stem growth in the U.S. beef herd.
The late spring rally comes after boxed beef and fed markets appeared to have topped in March.
Placements into feedyards are the lowest for February since the series began in 1996.
The 2012 calf crop was estimated at 34.3 million head, down 3%from 2011,which is the smallest calf crop since the 33.7 million born during 1949.
Cattle and calves on feed for slaughter for feedlots with capacity of 1,000 or more head totaled 11.2 million head on Jan. 1, 2013.
Dwindling cattle supplies cited as cause for halting production at the Plainview, Texas, facility.
Along with feedlot inventory, placement into feedlots during November were 6 percent below 2011.
Feedlots are paying record prices and having trouble maintaining inventory.
Placements in feedlots during October totaled 2.18 million, 13 percent below 2011.
Placements in feedlots during September totaled 2.00 million, 19 percent below 2011.
Poor weather conditions have resulted in high feed costs and big financial losses, Purdue Extension agricultural economist Chris Hurt says.
A large Canadian beef recall has spread to several hundred U.S. supermarkets.
Drought conditions have had a significant effect on feeder cattle supplies.
Ranchers considering restocking options should think profitability first and foremost before writing a check.
Meanwhile, placements in feedlots during July totaled 1.92 million, 10 percent below 2011.
This is the lowest cattle inventory since the series began in 1973; meanwhile cattle inventory in feedyards is up 3%.
Algae typically isn’t associated with cattle feed, but some interesting research results may change this.