Beef packers saw per head losses nearly double last week as wholesale beef prices tumbled $7 per cwt. lower. Pork processors are also found negative margins and producer margins remain short of breakeven.
The pendulum continues swinging toward cattle feeders as cash prices jumped $3 last week and left packers with their largest negative margins in nearly six years.
The $7.2 million facility located at the University of Nebraska’s (UNL) Eastern Nebraska Research, Extension and Education Center near Mead, Neb. has officially broken ground.
Brazilian meatpackers continue to procure cattle from inside the country’s protected areas more than a decade after zero-deforestation cattle agreements were signed to reform the sector.
Western Legacy Development Corp. continues to search for a site to build its $1.1 billion beef processing facility after being rejected by two cities in the northern plains.
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.
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.
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.
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.
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.
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.
Next week will be a good one for folks with good internet access and a few free hours who want to see some rhetorical fireworks about cattle price discovery.
JBS USA has made a gift of $700,000 to the University of Nebraska Foundation to support the University of Nebraska–Lincoln and its plans for a new Feedlot Innovation Center near Mead.
Jury deadlocks over price-fixing, bid-rigging allegations by poultry executives. Prosecutors suggest a third trial but the U.S. District judge wants a explanation from the head of the DOJ’s Antitrust Division first.
Beyond Meat is set to release quarterly financial reports likely showing growing sales and increasing losses. As one analyst put it, “it seems the more faux meat they sell the more faux money they make.”
The Biden Administration’s $1 billion Action Plan unveiled Monday to aid farmers, ranchers and consumers would do none of the above, according to the North American Meat Institute.
Texas Tech researchers have received a grant to examine if thermography can help minimize the use of antimicrobials in cattle through targeted metaphylaxis.
For their influence on the beef business, shifting toward quality and value-based marketing, U.S. Premium Beef earned Certified Angus Beef’s (CAB’s) 2021 Progressive Partner Award.
Sustainable Beef, LLC, will likely receive $1 million from the North Platte Quality Growth Fund. to be used to help pay for the estimated $10 million cost of architectural, engineering and planning.
The future of cattle economics from genetic selection to herd management, and marketing will be increasingly tied to the final product and continually searching for efficiencies across that entire process.
The antitrust class-action lawsuit alleging America’s largest beef packers conspired to fix cattle prices has been dismissed by a federal judge in Minnesota.
Analysts say 18% of Wendy's restaurants are out of beef and the chain is "more exposed" to shortages due to the company's reliance on fresh, not frozen, beef.
Cargill is temporarily closing its High River, Alberta, beef plant due to an outbreak of COVID-19 at the facility. Meanwhile, the company says it has re-opened its processing facility in Hazleton, Pennsylvania.
The U.S. meat industry faces unprecedented threats as COVID-19 sweeps through labor forces nationwide. Production of beef, pork and poultry are simultaneously threatened by labor availability and processing capacity.
