There are some new, numbers when it comes to beef production in the U.S. over the last 50 years. USDA researchers say production has increased by 25%. That's even while the number of cattle for beef has decreased by 6%.
Fears of the coronavirus continue to haunt the stock market despite the Federal Reserve’s efforts to calm it. Live cattle prices have dropped to numbers producers and traders haven’t seen in nearly a decade.
Collegiate meat judging is a competitive sport. In fact, it's so competitive, some team members at Texas Tech University are recruited in middle school. U.S. Farm Report gets a taste of why the team is so successful.
It is extremely important for rapid progress to be made in these negotiations if U.S. beef and pork are to remain competitive in the largest value destination for U.S. red meat, says Dan Halstrom, U.S. Meat Export Federation (USMEF) president and CEO.
Meat packer JBS USA says it will remove ractopamine, a growth drug banned by Beijing, from its U.S. hog supply, to maximize export opportunities as African swine fever (ASF) wreaks havoc on China’s pork industry.
Producers watch to see if retail beef demand will continue its slow decline as consumers’ freezers are now packed with meat. There’s a discussion on market manipulation and if there’s a need for an investigation.