Packer
Western Legacy Development Corp. continues to search for a site to build its $1.1 billion beef processing facility after being rejected by two cities in the northern plains.
The U.S. Department of Agriculture is proposing regulations to prevent meat companies from retaliating against livestock and poultry farmers who speak out on practices such as price-fixing.
Health officials have issued another recall for a food product processed by a Northern California slaughterhouse.
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In a letter to CFTC Chairman Heath Tarbert, NCBA asked the agency to keep an “even closer eye on the cattle markets” following the fire that forced closure of Tyson’s beef plant in western Kansas.
The fire sent cattle prices plummeting. Portions of the industry demanded an investigation and USDA said it was looking into it. Experts at the cattlemen’s convention told AgDay that report is still pending.
Kansas farmer and cattle feeder Jerry Bohn says any changes or modifications to the cattle marketing arrangements “should be an industry-led solution, not a government-mandated solution.”
It was a busy week on Capitol Hill for the beef industry. NCBA’s Ethan Lane joined AgriTalk to sum up the events.
Sen. John Thune and Rep. Dusty Johnson led a bicameral letter to U.S. Attorney General Merrick Garland, urging the DOJ to move forward with its investigation into anticompetitive practices in the meatpacking industry.
Despite a “no nothing burger” Cattle Market Price Discovery and Transparency Act hearing, NCBA’s Don Schiefelbein joins “AgriTalk” to highlight his thoughts on where the industry needs to see action.
After a rally during the first week of 2016 to $134.04 per hundredweight, the 5-Area Accumulated Average Cattle Price dropped to $132.30 per hundredweight.
After a small dip last week to $132.30 per hundredweight, the 5-Area Accumulated Average Cattle Price jumped back up to $133.24 per hundredweight.
U.S. beef exports in November showed signs of a rebound, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), contractor to the Beef Checkoff Program.
There are few losers in the cattle market right now. From packers all the way down to cow-calf producers, current prices this summer are turning profits far into what is typically a seasonal lull.
A $1 per cwt rally helped boost cattle feeding profits marginally last week while packers lost a little off their large margins.
Packer margins improved $55 per head last week as Choice beef cutout values gained nearly $4 per cwt and cash cattle prices declined $1 per cwt.
Cattle feeding losses averaged $83 per head last week, while packers recorded $168 per head profits, according to the Sterling Beef Profit Tracker.
While cash cattle prices slipped only modestly, cattle feeders saw margins erode by $86 per head, falling from an average profit of $38 two weeks ago to an average loss of $49 per head last week.
Losses continued to grow for feedyards and the spread between feeder losses and packer profits only widened with a $1.50 per cwt. decline in cash cattle prices last week.
Beef packer continued with a stranglehold on cattle markets last week, buying a few cattle to fill their needs at lower money and keeping operating margins historically high.
AgriTalk host Chip Flory discusses the status of the Cattle Price Discovery and Transparency Act with Senators Deb Fischer and Chuck Grassley.
Clear Lab uses a robotic platform to improve food safety and its method shortens testing turnaround times by up to five days.
Fifteen food and beverage associations sent a letter to President Donald Trump requesting priority access to COVID-19 vaccines to protect workers and keep the food supply chain running.
The bonus is intended to encourage employees to get inoculations, after thousands of U.S. meatpacking workers became infected with the coronavirus last year.
A U.S. Congress panel is investigating COVID-19 outbreaks at meatpacking plants nationwide. Here’s how some of the packing plants responded.
A new report from the Meat Institute shows new COVID-19 infection rates among meat and poultry workers are 60% lower than in the general U.S. population and two-thirds lower than case rates in the sector in May 2020.
A Nebraska bill has been delayed that would have extended COVID-19 protections for meatpacking workers for another year.
More than 44,000 Tyson Foods employees have been vaccinated, the company reports. Tyson recently hosted League of United Latin American Citizens CEO Sindy Benavides to an on-site COVID-19 vaccination event.
The company says it will also provide $200 to fully vaccinated frontline team members.