Packer
Prior to testimony at the House Agriculture Subcommittee on Wednesday, Tyson Foods Inc. President and CEO Donnie King released a statement to give his perspective about cattle and beef market practices.
U.S. Senator Deb Fischer (R-Neb.), a member of the Senate Agriculture Committee, today participated in the committee’s hearing on the Cattle Price Discovery and Transparency Act.
Cattle will continue to come in lighter than expected and lose grade due to high ration costs. This could help keep forcing the packer to harvest more cattle than expected to keep their orders filled.
Working group of ag economists assess Cattle Price Discovery and Transparency Act of 2022
Next week will be a good one for folks with good internet access and a few free hours who want to see some rhetorical fireworks about cattle price discovery.
The tightest market-ready fed cattle supplies of the season in the North are helping to push prices higher for most feedyards.
JBS USA has made a gift of $700,000 to the University of Nebraska Foundation to support the University of Nebraska–Lincoln and its plans for a new Feedlot Innovation Center near Mead.
Cattle feeders in the South sold cattle throughout the week at steady money while feeders in the North pushed their market a little higher by week’s end.
Regional processing plants are not likely to be an easy success, but we need them so badly. So much more badly than we need crabs-in-a-bucket laws telling big feeders their marketing methods are too efficient to be fair.
Iowa Senator Chuck Grassley says he is “confident” the Senate Agriculture Committee will conduct a hearing on the Cattle Price Discovery and Transparency Act of 2022 introduced last week.
Prices on the South Plains remain locked in a price rut as packers appear to have plenty of inventory. Corn Belt prices remain premium to other regions.
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.