Search - Drovers

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.

Recognized as one of the greatest opportunities of U.S. red meat exports, trade talks gear up to address the Indo-Pacific Economic Framework. USMEF shares its comments on the pillar of resilient trade.

Montana’s Office of Consumer Protection estimates that a Canadian company has stolen up to $5 million from Montanans after receiving payments but never delivering the promised product.

Cattle will continue to come in lighter than expected and lose grade due to high ration costs. This could help keep forcing the packer to harvest more cattle than expected to keep their orders filled.

The Senate Ag Committee will hold a hearing this week on a revised bill that proposes to establish a regional mandatory minimum threshold for the percentage of cattle purchased under negotiated grid or pricing terms.

Cash cattle prices saw a surprising but welcome rally ahead of Friday’s Cattle on Feed report, which looks bearish for next week’s futures markets. COF totaled 12.1 million head, 1.7% higher than last year.