Packer
The initial steps have been taken in the process for Sustainable Beef LLC to construct a new beef packing facility in Nebraska. In Missouri, American Foods Group intends to break ground on its new plant in August.
American Foods Group is ready to begin construction on its new 2,400-head per day beef packing facility in east-central Missouri.
Cash cattle prices declined a dollar or more in all regions last week with packer demand noticeably softer than the week before.
A New Mexico jury rules in favor of a cattle producer in a contract dispute with Tyson Fresh Meats, ordering the packer to pay millions in actual and punitive damages.
There was never enough need by any packer to push the market but could be a sign they may be getting shorter on committed cattle. Regional packers seem to have cooled down in the North.
Based on the data, it’s impossible to establish any meaningful link between beef imports and the packer and fed cattle prices.
America’s largest food distributor has filed suit in Texas alleging the Big 4 packing companies conspired to fix prices since 2015.
Packers regained much of their leverage last week and prices inched lower. Feeders will struggle to hold prices at a similar level this week.
Dean and Jared Lerwick plan to re-open the former Packerland facility located in the Nebraska panhandle to harvest 40 head of local cattle per day.
Western Legacy Development Corporation’s proposed large packing plant has Rapid City, S.D., residents and city officials seeking more details on how the project may impact the region. Meeting set for Thursday in Wall.
Packers in the Northern region remain short on cattle which helped boost the price for a second consecutive week.
Cash fed cattle prices turned higher late week with Kansas trading Friday morning and were rewarded for their patience.
Rising costs have forced stoppage of construction on the expansion of Iowa Premium’s beef slaughter facility in Tama, Iowa, the company confirmed Thursday.
Grocery retailer Giant Eagle alleges the nation’s large beef packing companies have exploited their market power to limit the supply of beef and raise prices in a new lawsuit filed in Chicago on Wednesday.
Declining carcass weights and the search for higher-grading cattle may lead to a market rebound sooner than expected.
With the Cattle Price Discovery and Transparency Act top of mind for many cattle producers, director of government relations at the Iowa Cattlemen’s Association, Cora Fox, shares her thoughts on the bill.
An 8,000-head per day state-of-the-art beef processing facility utilizing robotics and other high-tech features was announced in Rapid City last week. Groundbreaking would be as early as next year.
The city of Amarillo has approved incentives to encourage Producer Owned Beef, LLC, to locate their proposed new packing facility at a site in the Texas city near I-40.
Cattle feeders saw prices erode last week and have a summer slump in sight with large on-feed inventories and increasing costs of gain.
Senators call on the Federal Trade Commission Act of 1914 (FTC Act) to dive into the antitrust allegations against “The Big 4” including Tyson Foods Inc., Cargill, JBS SA and National Beef Packing Co.
When disruptions and ‘shortages’ occur, consumer buying habits shift in fear of the marketplace. Interestingly, the current infant formula shortage has striking similarities to the pandemic beef industry.
This week could be very unpredictable in the cattle trade. The North-to-South spread may continue to narrow as calves are still not ready and packers seem to be chasing more mature cattle in the South.
The North American Meat Institute says a House Select Subcommittee on the Coronavirus Crisis’ report distorts the truth about the meat and poultry industry’s work to protect employees during the COVID-19 pandemic.
The House Select Committee on the Coronavirus Crisis alleges meat packers pressed “baseless” claims of beef and pork shortages early in the pandemic to persuade the Trump Administration to keep operations running.
Brazilian meatpacker JBS SA posted a first-quarter profit that beat expectations on the back of strength in its United States business, according to a financial statement on Wednesday.
Biden says Ukraine has 20 million tons of stored grain awaiting export to various countries. He says lack of port movement coupled with halted planting in Ukraine will ignite a global food crisis unless action is taken.
Opponents of American Foods Group’s proposed Missouri packing plant have appealed the conditional permit granted for the facility and a hearing is scheduled for later this month.
Tyson Foods Inc TSN.N raised its full-year sales outlook on Monday after soaring meat prices helped the U.S. processor beat quarterly revenue and earnings estimates.
Cattle sold steady to firm and cattle feeders should still have a few weeks to try to push the market higher before cattle inventories increase.
Rather than running to the politicians to solve a problem, perhaps the better strategy might be to gather a plan to create a better understanding of the economics of the industry.