Packer
The late October rally in cattle markets appears to have gained momentum this week.
Animal feed and protein unit was biggest profit contributor.
Until the market gains some consistency with what is happening in the country then the futures market is about as risky as playing croquet in the alligator pit.
Authorities say two bulls escaped a slaughterhouse in west Baltimore.
Leaders in the northwest Iowa town of Cherokee want to see another company make use of the former Tyson Foods meat-processing plant just outside town, but they say the food company is making it hard to find a new tenant.
The longer cattle continue to trade sideways the more explosive price movement could be.
A roadside memorial south of Balmorhea, Texas includes a metal sculpture of a horse in jaunty pose, a rusty cutout of a dozen steeds in full gallop and an old ranch saddle astride a cottonwood log.
Police in Maine shot and euthanized a slaughterhouse-bound cow that escaped from a trailer and ran into traffic.
Will prices continue to decline, or will they trade steady or find support between May and October? That is a tough question at this point, but it is hard to imagine further significant declines at this time.
USDA’s May Cattle on Feed report said there were 1.3% more cattle on feed than a year ago. April placements were up a surprising 7.5% and April marketings were up 1.2%.
It seems certain that herd expansion has slowed to a snail’s pace compared to one year ago, but from a historical standard, expansion is likely still moving at a fairly rapid clip.
The state is seeking a new owner for the only federally approved slaughterhouse in southcentral Alaska, as funding for the facility could run out this year due to legislative budget cuts.
Monthly fed cattle net returns have been negative since December 2014. A few months ago, it appeared that we would climb above breakeven this spring. However, that was before the recent drop in fed cattle prices.
Less beef was shipped to Mexico, Canada and Philippines than last year.
Tyson Foods Inc. has announced a proposal to build a new processing facility near its existing poultry plant in Green Forest, Ark.
Pork got top billing this week in grocery stores with Easter hams selling better than beef.
Attorneys for imprisoned kosher meatpacking executive Sholom Rubashkin say they have found “overwhelming evidence” of prosecutorial misconduct that proves his 27-year prison sentence for money laundering is too harsh.
A yearling calf that escaped from a Butte, Mont. meat-packing plant had a brief taste of freedom before being shot as it made a break for the Interstate.
Kansas Gov. Brownback performs ceremonial ribbon cutting for the nearly $50 million investment.
Since the turn of the calendar, feeder cattle futures have been mainly trading sideways except for Thursday when the market moved the limit lower.
The stock market is off to a dismal start in 2016. Hopefully, this isn’t a sign of a weakening economy.
The last two years have been a whirlwind of dramatic extremes for the cattle industry.
Fed cattle prices are higher for the second week in a row.
The futures market is showing signs of finding a bottom but nothing is guaranteed.
Today, the World Trade Organization’s (WTO) arbitration panel announced its final ruling that the United States’ Country of Origin Labeling (COOL) requirements for livestock and meat imports have cost our trading partners over $1 billion dollars.
There are very few positives if any at all with regard to cattle and beef markets.
The choice retail beef price declined for the fourth consecutive month to $6.23 per pound in September.
Certified Hereford Beef (CHB) LLC experienced a record year of growth during fiscal year 2015 with 51.2 million lb. of product sold — a 2% increase compared to the previous year’s total.
A discussion on the successes, challenges, and areas for continued improvement of cattle handling throughout meat processing plants.
Reason and logic in a normal year would indicate prices are near the bottom, but the market could continue to act contra-seasonally and dip further.