Search - Drovers

With spring upon us and drought persists, liquidation puts the industry on track to reduce the nation’s cowherd back near 2014 levels, which was the smallest beef cowherd since 1952.

Prior to testimony at the House Agriculture Subcommittee on Wednesday, Tyson Foods Inc. President and CEO Donnie King released a statement to give his perspective about cattle and beef market practices.

U.S. Senator Deb Fischer (R-Neb.), a member of the Senate Agriculture Committee, today participated in the committee’s hearing on the Cattle Price Discovery and Transparency Act.

Sen. John Boozman (R-Ark.), ranking panel member reveals he had ‘spirited conversations’ and ‘unsuccessfully attempted to secure the expert opinion of the Office of the Chief Economist on S 4030.’

Farmers and ranchers have had to endure high winds for months. The powerful gusts haven’t just been annoying; it’s caused disasters across the U.S. High winds have been the culprit of wildfires and more.

USDA’s 2022 food price inflation forecasts are already at a 14-year high with forecasts for consumer food price inflation increased again this month. All food prices now seen rising 5% to 6% vs 4.5% to 5.5% in March.

Concerned about consolidation of the feeding industry, R-CALF has asked the FTC and DOJ to investigate the degree of buyer power beef packers exercise over feedlots – in particular, the 77 largest feedlots.

North Dakota’s weather took a sharp turn with a blizzard Easter week. With multiple blizzard making it though for ranchers, and then heavy rain that fell this past weekend, portions of North Dakota are seeing flooding.

Higher prices at the grocery store don’t seem to be causing consumers to veer away from the meat counter. Robust meat demand abroad is also setting sail, despite inflation and shipping struggles.