Packer
Cattle feeders and packers were in a standoff most of the week with cash trading only moderate in all regions. Cattle feeders are in a good position as inventories and carcass weights declining.
Our favorite retired cowboy editor spent a few winter evenings reading the latest anti-beef ramblings. His review of “Raw Deal” is not likely to spur a spike in book sales, nor change many mindsets, we suppose...
Cattle feeders seem to start each week from behind as packers have utilized their captive supplies perfectly to maintain their margins.
Construction is expected to begin this year for Cattlemen’s Heritage Beef Company, a 2,000-head per day beef processing facility south of the Omaha/Council Bluffs metropolitan area.
Negotiated cash cattle trade was slow to develop but finished the year strong with price advances in all regions.
Wholesale beef prices are running $20 per cwt. higher than the same week a year ago, with last week’s blizzard one factor in the rally. But retail demand for a shrinking supply will support prices into the New Year.
A handful of highly recognizable fast-food restaurant chains have filed suit in Florida against the nation’s four largest beef packers, alleging price fixing.
In one of the largest modern-day cattle schemes, Cody Easterday’s story continues after being granted a two-week prison self-report deadline extension.
More than 90,000 U.S. hourly employees of Tyson Foods will receive year-end bonuses that range from $300 to $700.
After realizing historic profits the past couple of years, beef packers now find themselves in a similar position as their cattle feeding suppliers experienced - shrinking margins and reduced leverage.
Cash cattle trades a week following the Thanksgiving rally saw steady prices, but the steadily declining supply of harvest-ready cattle will continue to shift bargaining leverage to producers.
How do cattle producers get better? That happens with less social media and more spreadsheets; less pandering and more professionalism; less Matrix and more Moneyball.
Packers were forced to raise bids to acquire inventory during the holiday-shortened week, extending the autumn price rally.
USDA extends the comment period for the proposed rule titled, “Inclusive Competition and Market Integrity Under the Packers and Stockyards Act.”
Bullish trends in CME futures last week gave cattle feeders leverage to seek higher bids as last week progressed. Packers continue to lose leverage as the fall rally progresses.
What number of beef processors would resolve producer concerns about “lack of competition?” Should meat processing be different than other industries?
Packers push harvest pace higher and continue to seek higher grading cattle as they look to keep the holiday rib pipeline full.
The Department of Labor asked a federal court to issue a temporary restraining order against Packers Sanitation Services Inc. to stop illegally employing minor-aged workers while DOL continues its investigation.
The $7.2 million facility located at the University of Nebraska’s (UNL) Eastern Nebraska Research, Extension and Education Center near Mead, Neb. has officially broken ground.
Packer desires to purchase higher quality cattle gave northern feeders the advantage last week with the North-South spread at $2 to $3.
The National Sustainable Agriculture Coalition (NSAC) applauds USDA’s investments the Meat and Poultry Processing Expansion Program (MPPEP) aiming to increase options for producers and promote competition.
The nation’s fifth-largest beef packer will receive a grant from USDA that will help add 700 head to its daily harvest capacity.
Cattle feeders refused some early bids last week and were rewarded with higher prices in all areas, resulting in another opportunity to clean up show lists.
Cattle feeders held out for higher money last week and the result was the highest cash prices in seven years. The week’s harvest of 673,000 head was the third largest of the year.
Brazilian meatpackers continue to procure cattle from inside the country’s protected areas more than a decade after zero-deforestation cattle agreements were signed to reform the sector.
Beef packers would like to own more cattle but they’re afraid showing their hand will only raise asking prices. Moderate trade occurred in all regions at slightly higher money.
Sustainable Beef LLC, the rancher-driven beef processing facility proposed for North Platte, Neb., is one step closer to reality after an official ground-breaking ceremony.
The biggest U.S. meat company by sales said on Wednesday it will relocate all corporate employees from offices in Chicago and Downers Grove, Ill. and Dakota Dunes, S.D., to its headquarters in Springdale, Ark.
The North American Meat Institute answered questions asked of meat and poultry industry companies by House Agriculture Committee Chairman David Scott during a hearing on beef and cattle markets.
Proposed new beef processors face multiple challenges in launching their new ventures, but Sustainable Beef, LLC and Producer Owned Beef believe their new models make them attractive to both cowboys and retailers.