Average feed costs for finishing cattle and hogs are 25% to 28% higher than the same week last year, according to Sterling Marketing's weekly calculations.
Sustainable Beef LLC received a giant boost in its efforts to bring a new, 1,500 head per day beef processing facility online with a commitment from Walmart.
The average cost of feeding a steer to finish weight was 25% higher for cattle marketed last week and is projected to be 31% higher for cattle placed on feed last week at roughly $600 per head.
Higher cash cattle prices and lower wholesale beef prices have erased much of the historic profits beef packers saw last year, according to estimates by Sterling Marketing, Inc.
For many industry stakeholders, the go-to solution seems to be more localized, regional supply chains. To these folks, the cohort of soon-to-be-built processing plants looks like a golden next era of the meat business.
Efforts to regulate profits away from packers is a commodity mindset, columnist Nevil Speer writes. A better investment of time and money is toward consumers and growing beef demand.
Construction will begin this fall on a $200 million upgrade to the existing beef complex and add employee facilities, including locker rooms, a cafeteria and office space.
Livestock Marketing Association says allowing livestock auction owners to invest in small and regional packers will create competition against large packing entities that already exist.
During a ceremony in downtown Amarillo, principals for Producer Owned Beef announced their plans for a 3,000-head per day beef packing facility that will break ground next year.
Packers had to pay up to acquire the numbers of cattle they wanted last week helping to clean up show lists and signaling the summer lows may be in the rearview mirror.
The initial steps have been taken in the process for Sustainable Beef LLC to construct a new beef packing facility in Nebraska. In Missouri, American Foods Group intends to break ground on its new plant in August.
A New Mexico jury rules in favor of a cattle producer in a contract dispute with Tyson Fresh Meats, ordering the packer to pay millions in actual and punitive damages.
There was never enough need by any packer to push the market but could be a sign they may be getting shorter on committed cattle. Regional packers seem to have cooled down in the North.
Western Legacy Development Corporation's proposed large packing plant has Rapid City, S.D., residents and city officials seeking more details on how the project may impact the region. Meeting set for Thursday in Wall.
Rising costs have forced stoppage of construction on the expansion of Iowa Premium's beef slaughter facility in Tama, Iowa, the company confirmed Thursday.
Grocery retailer Giant Eagle alleges the nation’s large beef packing companies have exploited their market power to limit the supply of beef and raise prices in a new lawsuit filed in Chicago on Wednesday.
An 8,000-head per day state-of-the-art beef processing facility utilizing robotics and other high-tech features was announced in Rapid City last week. Groundbreaking would be as early as next year.
The city of Amarillo has approved incentives to encourage Producer Owned Beef, LLC, to locate their proposed new packing facility at a site in the Texas city near I-40.
If finding employees to fill positions wasn’t hard enough, finding available and affordable housing has encouraged companies to provide housing options as part of employment.
Senators call on the Federal Trade Commission Act of 1914 (FTC Act) to dive into the antitrust allegations against “The Big 4” including Tyson Foods Inc., Cargill, JBS SA and National Beef Packing Co.
When disruptions and ‘shortages’ occur, consumer buying habits shift in fear of the marketplace. Interestingly, the current infant formula shortage has striking similarities to the pandemic beef industry.
This week could be very unpredictable in the cattle trade. The North-to-South spread may continue to narrow as calves are still not ready and packers seem to be chasing more mature cattle in the South.
The House Select Committee on the Coronavirus Crisis alleges meat packers pressed “baseless” claims of beef and pork shortages early in the pandemic to persuade the Trump Administration to keep operations running.
The North American Meat Institute says a House Select Subcommittee on the Coronavirus Crisis’ report distorts the truth about the meat and poultry industry’s work to protect employees during the COVID-19 pandemic.
Brazilian meatpacker JBS SA posted a first-quarter profit that beat expectations on the back of strength in its United States business, according to a financial statement on Wednesday.
Biden says Ukraine has 20 million tons of stored grain awaiting export to various countries. He says lack of port movement coupled with halted planting in Ukraine will ignite a global food crisis unless action is taken.
With the Cattle Price Discovery and Transparency Act top of mind for many cattle producers, director of government relations at the Iowa Cattlemen's Association, Cora Fox, shares her thoughts on the bill.
Tyson Foods Inc TSN.N raised its full-year sales outlook on Monday after soaring meat prices helped the U.S. processor beat quarterly revenue and earnings estimates.
Opponents of American Foods Group's proposed Missouri packing plant have appealed the conditional permit granted for the facility and a hearing is scheduled for later this month.
Rather than running to the politicians to solve a problem, perhaps the better strategy might be to gather a plan to create a better understanding of the economics of the industry.
Despite a “no nothing burger” Cattle Market Price Discovery and Transparency Act hearing, NCBA’s Don Schiefelbein joins “AgriTalk” to highlight his thoughts on where the industry needs to see action.
The North American Meat Institute answered questions asked of meat and poultry industry companies by House Agriculture Committee Chairman David Scott during a hearing on beef and cattle markets.
U.S. Senator Deb Fischer (R-Neb.), a member of the Senate Agriculture Committee, today participated in the committee’s hearing on the Cattle Price Discovery and Transparency Act.
Prior to testimony at the House Agriculture Subcommittee on Wednesday, Tyson Foods Inc. President and CEO Donnie King released a statement to give his perspective about cattle and beef market practices.
