U.S. beef packers including Tyson Foods and Cargill are racking up historically high margins, thanks to slumping cattle prices amid a supply glut and as Americans turn to beef for their backyard summer barbecues.
Last year U.S. beef exports shattered the previous value record and achieved a new high for volume, according to year-end 2018 statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
Despite struggling for most of 2015, U.S. pork exports posted a strong finish during December, ending a tough year on a high note. December export volume was up 3 percent from 2014. For the year, U.S. pork and pork vari
USDA’s Cattle Report shows the expansion stage is coming to an end. The total inventory as of January 1 is 94.4 million head, down slightly from 94.8 million head a year ago. It’s not a surprise to industry.