Packer
The cattle industry continues to struggle getting cattle out of feedyards and into harvest facilities, leading to another week of limited trade.
The reduced number of cattle harvested wasn’t a surprise with the issues that all packers have faced in the past few weeks with COVID-19.
Cattle feeders experienced a week of light participation from packers as the impact of COVID-19 begins to hamper beef production facilities.
Cash cattle prices were under pressure as packer demand was soft in both the North and South last week. Numbers of ready cattle will grow in the coming weeks.
Can prices gained in last week’s fed cattle rally be maintained? There is some concern that the lack of cattle moving in the cash trade is starting to back cattle up and hurt hard-earned gains.
After several days of up and downs in CME futures prices, cattle feeders saw their chances of getting back to steady slip away on Thursday as the board sold off.
Does the beef industry need additional packer slaughter capacity? Recent history suggests cattle prices were highest when packing capacity utilization was lowest, but the answer is complex.
At the NCBA Trade Show in San Antonio, Certified Angus Beef’s director of packing explained the opportunities still open for producing Prime.
Three Tyson Foods, Inc. sustainability programs achieved recognition for alignment to the U.S. Beef Industry Sustainability Framework.
If there was ever a question of how much outside influence there is on the cattle market it was completely exposed this past week with fears over the coronavirus growing.
Cattle traded in the south early in the week at $1 higher prices, suggesting packers were hungry for inventory.
If investors continue to find value in the live cattle market, producers may see a run in the board that could carry over into the live cattle trade.
USDA’s latest carcass weights data show steers 12 pounds heavier than last year and heifers 13 pounds heavier than last year, resuming a higher trend after moderating the past three years.
CattleFax sees positive cattle outlook for 2020; predicts focus on consumers a requirement for continued beef industry success.
Packers need cattlemen, cattlemen need packers. Cargill Protein VP Glen Dolezal discusses what consumers are demanding and how they’re working with their rancher suppliers.
Cargill is launching a new premium beef brand called Salt & Sear™ it says will allow consumers to purchase restaurant-quality beef to prepare at home.
Packers didn’t show much interest in pursuing additional inventory last week, and the result was a cash market that traded $1 lower.
Last Monday the cattle market felt the same negativity as all other markets with the uncertainty of what may happen to global trade due to the effects of the coronavirus.
As a new decade begins, the beef industry’s voice must become one if producers are to benefit from the many opportunities presented today while confronting numerous challenges.
The market is sitting in a holding position in this mid $120’s range, and the movement is anticipated to remain flat for the short-term.
While the CME futures was under distress last week, hedgers were able to receive the best basis they have seen for several weeks and the result was a steady cash market.
Surplus packer inventories and halted Saturday kills due to dwindling processing margins has stalled out the cash cattle market for now.
Holding our ground and protecting our export position is vital in the two years ahead as our fed cattle supplies grow to the cycle peak and competing U.S. protein supplies become record large.
JBS USA has recalled approximately 35,464 lb. of raw ground beef following the finding of hard plastic in contaminated beef.
Farm state legislators have asked for a review of whether the acquisition of National Beef by a Brazilian company threatens the U.S. food supply.
The summer heat helps move meat, especially beef for grilling.
Currently in the yards, it feels that packers are still playing the need for inventory, week to week.
Starting out the month of May, we dove headlong into the seasonal market with a widening Choice/Select price spread.
Tyson Foods Inc., has named Noel White its new president and CEO, effective Sept. 30.
One death and 17 illnesses have resulted from an E. coli contamination that has forced Cargill to recall more than 130,000 lb. of ground beef.