Packer
Regarding those cash mandates, now we have NCBA and Farm Bureau saying don’t do it. Don’t need it. And R-CALF apparently saying they won’t settle for such weak tea.
Jury deadlocks over price-fixing, bid-rigging allegations by poultry executives. Prosecutors suggest a third trial but the U.S. District judge wants a explanation from the head of the DOJ’s Antitrust Division first.
Modest packer participation in all regions led to another disappointing week for cattle feeders trying to push the market higher.
The North American Meat Institute issued a statement regarding House Agriculture Committee Chairman David Scott’s announcement of an upcoming hearing on the beef industry and food prices.
Sustainable Beef has taken another step towards making a new $325 million beef processing facility in North Platte, Neb., a reality.
Cattle feeders began last week optimistic that the market trend would be higher, but those ideas were quickly squashed as futures prices began trending lower.
The U.S. House of Representatives’ Agriculture Committee will hold a hearing on April 27, 2022, on anti-competitive behavior by the nation’s largest beef packers.
A federal appeals court has affirmed the dismissal of a lawsuit brought by cattle ranchers over the alleged mislabeling of beef as a “Product of the U.S.A.”
In an exclusive Drovers commentary, the president and CEO of the North American Meat Institute says despite popular arguments, America’s cattle and beef industries are better without government intervention.
The month of March will continue to bring more cooler cleanings on the packer’s part. This will continue to keep the number of cattle needed by the packer to minimum.
The pilot program marks a win for the U.S. cattle industry as it equips producers with the market data they need to make informed business decisions and work to capture more value for producing the highest quality beef.
In a rebuttal to accusations of being an “ally” to big packers over federal mandates for minimum cash trades for live cattle, Steve Cornett pleads not guilty and offers additional arguments for consideration.
Self-interests of large packers has led to exploitation of independent cattlemen on one side of the supply chain and consumers on the other, says Bill Bullard. He believes Senate Bill 949 is the “packers’ kryptonite.”
Cash fed cattle prices came under pressure last week as packer needs were lighter than in recent weeks. Wholesale beef prices have declined resulting in lower margins for processors.
In the fifth installment of a series exploring cattle market reforms, Steve Cornett conducts a Q&A with Brad Kooima, a commodity broker and independent cattle feeder in Sioux Center, Iowa.
Beyond Meat is set to release quarterly financial reports likely showing growing sales and increasing losses. As one analyst put it, “it seems the more faux meat they sell the more faux money they make.”
Cattle feeders saw active participation from all packers last week which helped push prices higher for a fourth consecutive week. Prices in the North remain at a premium.
Cash fed cattle prices traded higher for a fourth-consecutive week, reaching the highest average price since August of 2015.
Brazilian meatpacker Marfrig Global Foods SA aims to appoint its own board members at food processing business BRF SA, it said on Monday, having built a stake of about 33% in the company.
Greater Omaha Packing Foundation donated $20,000 to support Together Omaha, a local nonprofit organization dedicated to preventing and assisting with homelessness.
In the third installment of a who-knows-how-many series, Steve Cornett ruminates about the responses he’s gathered from readers who are either for or against Sen. Chuck Grassley’s proposed fix for cattle markets.
Cattle feeders in the South saw three packers aggressively buying large numbers of cattle last week. Packers in the North continued to push hard to buy cattle in the eastern side of the region.
In the second installment of this series about the current cattle markets, veteran editor Steve Cornett visits with a Midwestern feeder who helps us understand Senator Grassley’s curmudgeonly attitude about packers.
This idea of mandating a certain level of cash cattle trade is a bit revolutionary in what has been an evolutionary change in cattle price discovery over these last couple of decades, says veteran editor Steve Cornett.
Colin Woodall, NCBA CEO, says the DOJ has an “obligation” to provide full transparency and finish the investigation to give cattle producers the full scope of the issue.
The cash market finally saw some life last week. Packers seemed to be in more need for cattle and finally were in a position to have to raise bids to get cattle bought.
The North American Meat Institute said the Biden Administration’s proposed rules for the Packers and Stockyards Act could limit the abilities of the meat industry to respond to consumer demand regarding sustainability.
January nears its end with the fed cattle market still searching for the legs to carry it higher. Early month prices have proven to be a tease and the short-term outlook doesn’t appear bullish.
Cattle feeders in all regions saw participation by all packers in last week’s market, with prices mostly steady with the previous week.
A Missouri judge has ruled Missouri Prime Beef Packers must process cattle supplied by Niman Ranch in accordance with a previously executed agreement between the companies.