Packer
R-CALF USA has filed a class action lawsuit against America’s four largest packing companies claiming their actions since 2015 have depressed prices paid to ranchers.
Cash fed cattle prices finally turned higher in the south, following in the steps of the north to add $2 per cwt to the cash market.
Burger King is starting a pilot project in 59 restaurants to start selling a plant-based Whopper and if successful the Impossible Whopper could be found in more than 7,000 locations nationwide.
A recall has been announced by JBS and USDA after more than 43,000 lb. of ground beef was found to be possibly contaminated by extraneous materials, specifically, pieces of hard plastic.
Cash cattle trade was like a roller coaster ride with disappointing downs, and faith restoring gains for the north.
The downward movement in the market feels like it should be short lived, but is dependent on how willing producers are to fight for a price.
A softer cash fed cattle market leaves cattlemen wondering if the spring highs are in for 2019.
The south Texas beef packer formerly known as Kane Beef has reopened under the name of STX Beef.
DNA markers can identify animals, even after meat processing and the rapidly-growing Open Prairie brand will use the tracing tech.
Size matters for producers as smaller birds mean bigger profit and fast-food demand for small birds is helping prop up margins.
While COVID-19 infections spiked at Tyson’s Waterloo, Iowa, plant, supervisors allegedly placed bets on how many workers would become infected. Tyson CEO Dean Banks suspended the managers and announced an investigation.
When a plant increases operational capacity, there is an increase in total industry capacity which in turn has economic ramifications through the cattle cycle as the inventory is expanded or liquidated.
This week should show us how willing the packers are to pull May contracts.
Bill Bullard joins AgriTalk to discuss R-CALF USA’s lawsuit, alleging that beef packers Tyson, Cargill, JBS and National Beef, had engaged in collusion to unlawfully depress prices paid to U.S. cattle producers.
Bill Bullard joins AgriTalk to discuss R-CALF USA’s lawsuit, alleging that beef packers Tyson, Cargill, JBS and National Beef, had engaged in collusion to unlawfully depress prices paid to U.S. cattle producers.
The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) has filed another recall because of E. coli for more than 53,000 lb. of ground beef just one day after a separate recall for nearly 57 tons.
The University of Idaho will build a new meat science and innovation center on its Moscow campus.
On Nov. 9, more than 200 local meat and poultry processors in Iowa were awarded Meat Processing and Expansion Grants from the Iowa Department of Agriculture and Land Stewardship.
Brazil’s Batista brothers may soon be back in court after shareholders of JBS S.A. voted in favor of suing the pair for losses incurred after they confessed to bribing thousands of Brazilian public officials.
Continued support from the board could yield higher cash prices for most producers. Packers need for higher grading cattle could also help push prices higher in the weeks to come.
Beef packers could be moving into a period with smaller inventories, which may prompt them to push prices higher. CME futures prices will again have an impact on the cash trade.
The early trade released any pressure on packers to acquire available inventory and made it easier for them to achieve their buy. The majority of the cash trade in the South was from two packers.
Wisconsin beef processor Strauss Brands is seeking approval to build a new 152,000 square-foot packing facility that will process between 250 and 500 head per day.
Cash cattle trading started early last week as cattle feeders in Texas began on Monday by accepting cash bids a dollar lower.
Cattle feeders are anticipating that the current run up in the cash market may have hit the peak and could plateau before long.
Negotiated cash cattle prices pushed higher again for the sixth consecutive week as feedyards have gained some market leverage with declining supplies.
Cattle feeders saw continued higher prices in the cash market last week with cattle in the South trading at $99 to $100, with the majority of the cattle going at the higher end.
The Fed Cattle Exchange, the only weekly fed cattle online auction for the cattle industry, has been acquired by Central Stockyards, LLC from 5150 Productions Company, LLC.
Since the week of May 16 when the beef cutout hit record highs, the price has fallen 56%. Simultaneously, weekly beef production has increased 29% and carcass weights are averaging 37 pounds more than last year.
Boxed beef prices have dropped to their lowest level since 2017, and beef production will continue at a pace above last year with carcass weights up 35 pounds year-over-year.