Brazil's J&F Investimentos, parent company of the world's largest meatpacker JBS pleaded guilty to violations of the U.S. Foreign Corruption Practices Act (FCPA) and agreed to pay $256 million in criminal fines.
Purdue University economist Jayson Lusk to AgriTalk host Tyne Morgan a change in the administration is likely to have a minimal immediate effect on dietary guidelines, but the lever of power would be in place for change.
A fall rally in cash fed cattle markets has added $5 to $6 per cwt. over the past three weeks. Feeder cattle remain in moderate demand, but drought conditions across much of the Great Plains is affecting cattle markets.
Packers aggressively sought inventory last week and cash fed cattle prices surged $2 per cwt., to instances of $3 higher for the week. Large trade volumes were reported in the North at $107 to $108 per cwt.
A consumer-driven beef industry means finding ways to engage and connect to the growing interest in where and how cattle are raised. Meat Scientist Brad Morgan talks about keeping up with the mindset shift.