After years of liquidation, the U.S. cattle herd continues to contract. With drought still a driving force behind lower cattle numbers, market experts think cattle price could top previous price records set back in 2014.
Bottlenecks along U.S. railways are growing more severe. Not only are feed users on the West Coast on the brink of running out of grain, but there are also concerns the rail issues could grow worse during harvest.
Diesel prices hit historic highs this week. Due to increased demand and a drop in production, a diesel shortage may be looming as the largest diesel distribution hub in the U.S. is sitting on supplies at a 30-year low.
As labor woes continue to cripple meat processing plants, Missouri is rolling out a unique concept to answer many processors’ biggest need. The classroom on wheels will provide workforce development at a pivotal time.
In just a few buck-wild months in 2015, a Texas grifter pulled off a swindle nearing $100M, and turned the cattle industry into his playground, stirring more cash than some of the largest beef companies in the U.S.
Disruptions to the beef industry from the COVID-19 pandemic will likely linger into 2021, but the result may not be all bad for producers, Don Close, animal protein analyst at Rabo AgriFinance told AgriTalk.
Estimated cattle industry losses due to COVID-19 will reach $13.6 billion, according to a study by ag economists conducted to assist USDA in determining how best to allocate CARES Act relief funds to cattle producers.
Farmers across the country are being asked to dump their milk, as food service demand crumbled rapidly due to COVID-19. Still, farmers are frustrated that consumers can't buy as much milk as they want right now.