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The developer of a new beef processing plant targeted for western Iowa says the project expects to receive funding from the Biden Administration’s recently announced Meat and Poultry Supply Chain Action Plan.

On Monday the People’s Bank of China also announced a 0.1 percentage point cut to two of its key policy rates. It acted after GDP grew by more than 8% in 2021, but slowed down in the fourth quarter.

George Spencer served at the Executive Vice President of the American National Cattleman’s Association for eleven years beginning in 1969, working to strengthen the beef industry and unify competing organizations.

The upcoming USDA Cattle Inventory report - due Jan. 31- will detail how much America’s beef cow herd has declined given the 2021 cow culling rate was the highest since 2011.

Absenteeism at major packing plants due to coronavirus has again helped create a backlog of market-ready fed cattle. Packers used that fact to push fed cattle prices lower last week.

Labor issues continue to plague the packing industry with this week’s slaughter volume lighter than anticipated. Worker absenteeism due to COVID has hindered packers’ ability to run full throttle and prices suffered.

The Biden Administration is deploying money and resources to ramp up clean energy projects across rural America. The White House says the plan taps federal lands to install wind, solar and geothermal energy projects.

Kansas Gov. Laura Kelly sent a letter to U.S. Secretary of Agriculture Tom Vilsack outlining the devastating impact of the extreme weather that impacted many Kansas livestock producers on December 15.