Packer
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.
The Covid-19 pandemic greatly effected the food supply chain. With another surge on the rise, consider ways to expand market opportunities and minimize disruptions during these times.
The Biden administration and some cattle groups blame meat industry concentration for producers getting a smaller share of consumer dollars for beef than they did decades ago. The Meat Institute disputes such claims.
The developer of a new beef processing plant targeted for western Iowa says the project expects to receive funding from the Biden Administration’s recently announced Meat and Poultry Supply Chain Action Plan.
Absenteeism at major packing plants due to coronavirus has again helped create a backlog of market-ready fed cattle. Packers used that fact to push fed cattle prices lower last week.
Labor issues continue to plague the packing industry with this week’s slaughter volume lighter than anticipated. Worker absenteeism due to COVID has hindered packers’ ability to run full throttle and prices suffered.
Developers of Cattlemen’s Heritage Beef Company are seeking investors for a proposed $450-million beef packing facility to be built in western Iowa south of the Omaha/Council Bluffs area.
Is the Biden Administration’s plan for the beef industry workable, or does it ignore the economics of market structure and pricing across the meat industry supply chain?
The Biden Administration’s Action Plan to invest $1 Billion to expand competition in the U.S. meat packing industry and strengthen enforcement of antitrust regulations drew mixed reactions from cattlemen.
The Biden Administration unveiled a new, four-pronged action plan to aid independent meat processors, strengthen the Packers & Stockyards Act, and issue new “Product of USA” labeling rules.
The Biden Administration’s $1 billion Action Plan unveiled Monday to aid farmers, ranchers and consumers would do none of the above, according to the North American Meat Institute.
Packers needed cattle last week and pushed the cash market higher as the holiday-shortened weeks came to a close.
Cattle feeders anticipated cash cattle prices would be softer since packers were working with holiday-shortened hours last week. Packers will need cattle this week to fill full-week schedules.
Cash bids were scarce last week with packers facing shortened slaughter schedules the next two weeks. Cash prices were $2 lower in all regions.
Economic advisors to the White House suggested Friday that America’s large meat packers have used their market power to drive up consumer prices while underpaying farmers resulting in a huge jump in net profits.
Cattle feeders found softer demand from packers last week, resulting in a $2 per cwt. decline in cash prices. Holiday slaughter schedules the next couple of weeks will likely prevent any price gains until the new year.
Tyson Foods said Monday it will give approximately $50 million in year-end bonuses to its frontline, hourly workers. These one-time bonuses will be based on tenure and range from $300 to $700.
Higher prices for cash fed cattle has helped cattle feeders gain currentness and improve their market leverage over the past four weeks.
While Cargill and the United Food and Commercial Workers Union appear to have avoided a labor strike at the High River, Alberta, beef plant, a shut-down could produce significant disruptions to the U.S. cattle market.
Proposal for a small beef processing plant in north-central Kansas gained approval from county commissioners on Wednesday despite some strong local opposition.