Tyson Foods announced a one-time assistance payments to cattle feeders "in an effort to demonstrate our commitment and support of our valued cattle suppliers."
R-CALF USA has filed a class action lawsuit against America's four largest packing companies claiming their actions since 2015 have depressed prices paid to ranchers.
The COVID-19 Pandemic affects more of the country on a daily basis, forcing the closure or slowdown of packing plants, and impacting producer’s bottom lines. Here’s the latest around the beef industry.
The South saw another wide trading range last week as prices ranged from $95 to $115 per cwt. for cash fed cattle with just two packers active in the negotiated cash market.
In a head-scratching week of data, estimated cattle slaughter was 9,000 head higher following the Tyson fire, cattle prices were down 5% or more, and yet wholesale beef prices rose 9%.
Bill Bullard joins AgriTalk to discuss R-CALF USA's lawsuit, alleging that beef packers Tyson, Cargill, JBS and National Beef, had engaged in collusion to unlawfully depress prices paid to U.S. cattle producers.
