Packer
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.
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.
Starting out the month of May, we dove headlong into the seasonal market with a widening Choice/Select price spread.
E. coli is responsible for forcing a recall on ground chuck sold in Florida at Publix Super Markets after 18 people became sick.
Marfrig Global Foods announced a restructuring of its North and South American beef businesses and named Eduardo Miron as CEO.
More than 25,000 lb. of ground beef has been recalled after Cargill Meat Solutions determined that the product was possibly contaminated with E. coli.
Analysts claim Marfrig’s financial leverage will remain elevated even after the recent sale of assets aimed at reducing debt load.
An expansion to a Texas Panhandle packing plant will add 800 more head per day in slaughter capacity, primarily for cull cow and bull processing.
Joesley Batista, one of the controlling owners of JBS SA, was arrested again as part of an ongoing investigation into Brazilian corruption.
The 12th largest beef packer in the country is building a new $35 million distribution center.
It appears that herd expansion has slowed down as beef production forecasts have been lowered by analysts at USDA.
In this week’s Drovers TV Report there is a case of brucellosis in Wyoming; proposed regulation changes for livestock haulers; and a Texas beef packer is facing financial troubles.
Cash cattle prices averaged $1 per cwt lower last week, yet feedyard margins improved $24 per head.
The Corpus Christi, Tex., beef plant that kills 270,000 cattle annually from 30 Texas feedlots is now under the control of a former bankruptcy judge.
JBS S.A. announced expansion plans in Brazil to meet surging export demand from China.
Albertsons/Safeway operates more than 2,300 U.S. grocery stores, and its Hometown Butcher program provides guidance to customers for selecting and cooking beef.
Nearly two dozen new businesses argue they have claim to join in the suit that alleges Kane Beef owes millions to comply with the Packers and Stockyards Act.
Feedyard closeouts were $66 per head short of covering all costs last week, according to the Sterling Beef Profit Tracker.
McDonald’s completed the rollout of its fresh beef Quarter Pounders this year to rave reviews from food critics who called it “juicier with more depth of flavor.”
Creating quality beef eating experiences depends not just on cattle producers, but packers, retailers and consumers too.
A recall on ground beef produced by Cargill Meat Solutions has pinpointed eight major grocers across the country including Sam’s Club and Target.