Packer
Fed cattle prices were sharply lower this week on good volume.
The September USDA Cold Storage report said there is a lot of frozen meat in the country.
Market prices for fed cattle in 2015 are headed in exactly the opposite direction of where they were headed the fall of 2014.
A company that markets food products to observant Muslims is expected to plead guilty to its role in exporting misbranded meat products.
Details of a chicken killing spree come to light in a crime that looks to be retaliation for a payment program pitting farmer against farmer in an effort to stay profitable in the poultry business.
Feedlot placements and marketings slide, while the WTO rules against COOL for a fourth time.
Tyson Foods Inc., the largest U.S. chicken processor, said the primary effect of the current avian influenza outbreak has been lost export sales and that the company can cope with the resulting change in poultry supplies.
The April Cattle on Feed report said placements into large feedlots during March were up 0.4% and marketings were down 1.7% compared to March 2014.
Hamburger demand has kept lean beef prices up, it has also kept cull cow and bull prices on the increase.
The average price of fresh beef in grocery stores was a record $6.079 per pound during March. That was up 6.2 cents from the previous record set the month before.
Beef imports are up, while exports of beef are down.
This week’s fed cattle prices were the highest since early January.
Stocker and backgrounding operations have been foaming at the mouth to secure the inventory needed to harvest spring grass.
Fewer cattle are on feed than what was projected, but domestic beef demand is up.
Live cattle traded for $160 to $161 to end last week, while beef prices were up from the previous week.
Cattle prices are up significantly from last year, while beef prices slide from last week.
The Obama administration is moving to cut down on the thousands of foodborne illnesses linked to chicken and turkey each year with an overhaul of poultry plant inspection rules that are more than 50 years old.
Fed cattle placements were up compared to the same time last year.
Cattle futures showing that prices may have been inflated the past few months.
The popular CattleFax Outlook Session today at the 2015 Cattle Industry Convention and NCBA Trade Show gave cattlemen and women reasons to be optimistic.
A new packing plant in Idaho and boxed beef prices going up for three weeks are good news for cattle producers.
Fed cattle prices rebounded to start 2015 out after several weeks of losses in December.
This is New Year’s week and the number of cattle reports is smaller than normal.
The record high beef prices that were the norm for much of the year have continued to drop off.
Most of 2014 saw record high prices, but the downward trend in the beef and cattle markets looks like it could carry into the New Year.
It has been a chaotic couple of weeks in the cattle markets.