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Fitch Ratings has affirmed the Rating Outlook of Tyson Foods, Inc. and the Hillshire Brands Co from negative to stable.

Here’s this week’s update on cattle prices.

Feeder cattle sold high on good to moderate demand last week. CME live cattle traded lower following Friday’s cattle on feed report, while feeder futures were modestly higher.

Two Kentucky real estate professionals have been indicted by a grand jury alleging a conspiracy to rig bids at an estate auction for farmland and timber rights.

The feedlot situation is improving but it will take additional time to process current feedlot supplies and the stress and challenges at the packing level will slow the process for at least several more weeks.

Packer needs for cattle appeared to be limited last week, yet prices paid in all regions held relatively steady with the previous week.

USDA’s Cattle on Feed report was 5% higher than May 2020. Cattle prices were steady to higher and wholesale beef prices continued spiraling upward.

A coalition of agriculture and forestry groups filed motions in court in defense of delisting the gray wolf under the Endangered Species Act (ESA).

The growing disparity between wholesale beef prices and live cattle prices is hurting both consumers and cattlemen, says Senator Mike Rounds, who asked members of Congress to sign a letter to the Department of Justice.