Packer
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.
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.”
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.
It was a busy week on Capitol Hill for the beef industry. NCBA’s Ethan Lane joined AgriTalk to sum up the events.
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.