Hog Prices-Markets
Tyson Foods Inc shares climbed more than 11% to an all-time high on Monday after the company reported that first-quarter profits nearly doubled due to soaring U.S. meat prices.
Producers may now report unfair or anticompetitive practices in the livestock and poultry industries using a new online tool.
JBS SA agreed to pay $52.5 million to settle litigation accusing meat-packing companies of conspiring to limit supply in the $63 billion-a-year U.S. beef market in order to inflate prices and boost profit.
A new USDA Market News Mobile Application will provide the supply chain with instant access to current and historical market information, including over 800 livestock, poultry, and grain reports.
U.S. Secretary of Agriculture Tom Vilsack announced plans to increase capacity at the Port of Oakland in Oakland, Calif., and improve service for shippers of U.S. grown agricultural commodities.
Several major U.S. supermarket chains and a food distributor filed a federal lawsuit last week accusing pork processors of conspiring to fix pork prices from at least 2009.
Cattle markets have improved significantly in the final weeks of 2021, with market analysts projecting those positive trends to continue in 2022.
Concerns over the COVID-19 variant headlined news last week. Bob Utterback of Utterback Marketing and Mark Gold of StoneX Group both say they are friendly on cattle and hog prices, but caution about outside influences.
Chicago Mercantile Exchange live cattle futures fell more than 1% on Wednesday on technical selling, softer cash cattle markets this week and worries about export demand for U.S. beef, traders said.
Although red meat exports are on a record pace in 2021, shipping delays and obstacles remain a major concern for exporters and their international customers.
FTC orders Tyson Foods, Inc., Walmart, Amazon, Kroger and other large wholesalers and suppliers to turn over information to help study causes of empty shelves and sky-high prices.
Improved market access and rising incomes have helped fuel tremendous growth in red meat consumption in Korea. In the last 30 years, the U.S. has succeeded in positioning itself as a major supplier of protein to Korea.
Russia will resume beef and pork imports from 12 subsidiaries of Brazilian producers from Nov. 25, its agriculture safety watchdog said.
Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.
Both U.S. beef and U.S. pork exports are on a record pace through September, according to data released by USDA and compiled by the U.S. Meat Export Federation.
During the pandemic, everyone had to get more creative on how to reach consumers, says Lucia Ruano, U.S. Meat Export Federation (USMEF) representative in Central America and the Dominican Republic.
China’s huge hog sector is struggling with excess production after millions of small, often first-time, pig farmers entered the industry to capitalise on record profits during a swine-fever related shortage.
The price shoppers pay for items like meat at the grocery store are expected to continue the rapid rise. An updated Consumer Price Index shows wholesale beef prices could increase 20% this year.
Agriculture associations urge President Biden to address ocean carrier practices causing increased costs and delays for American businesses as “the problem not only persists, but is becoming more dire.”
Between the pandemic forcing the shutdown of meat processing plants in 2020 and recent ransomware attacks on the nation’s largest meat supplier, some say concentration of the meat supply chain is a bad idea.
China’s pork production is expected to decline 14% in 2022, while pork imports are expected to climb 5.1 MT with consumer demand exceeding domestic production, according to a USDA attaché report released last week.
Canada has joined Mexico in seeking formal consultation with the United States over the interpretation of content rules for automobiles set out in the North American trade pact, Mexico and Canada said on Friday.
While there are lots of reasons to believe ASF in the Dominican Republic is not a sure sign it will penetrate the U.S. industry, still, everyone has become focused on it and how slippery it is to contain.
Dean Meyer depends on red meat exports in more ways than one. On his farm near Rock Rapids, Iowa, he grows corn, soybeans, cattle and hogs. A new study backs up why red meat exports help corn and soybean farmers.
CoBank says challenges brought on by COVID-19 will speed up automation throughout many sectors of the supply chain. Here’s a deeper look at the animal protein industries in CoBank’s latest report.
A federal district court ruling, if left unchallenged, will result in a 2.5% loss in pork packing plant capacity nationwide and over $80 million in reduced income for small U.S. hog farmers, says economist Dermot Hayes.
After JBS confirmed a cyberattack shuttered some of its processing plants, USDA’s daily cattle slaughter estimates revealed 94,000 head of cattle were processed on Tuesday, a drop of 27,000 head compared to last week.
Less than two weeks after JBS was hit with a cyberattack impacting operations in Australia and North America, Congress is now calling on JBS to provide documents and communications related to the May 30 attack.
U.S. Meat Export Federation representatives from around the globe offer insights to how markets are changing heading into a post-pandemic era.
Eat Just Inc., a San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.