Animal activist groups went full Grinch-mode this week, calling for the end of “animal gifting” programs such as Heifer International and ‘Hatching Hope’ that work to support impoverished people. Because, well, Humbug!
A mistrial has been declared by a federal judge in Denver overseeing the trial of 10 current and former chicken company executives charged with price-fixing and bid-rigging.
Economic advisors to the White House suggested Friday that America’s large meat packers have used their market power to drive up consumer prices while underpaying farmers resulting in a huge jump in net profits.
Beef export values are on pace to exceed $10 billion in 2021, with exports to three Asian set to top $2 billion each. Pork exports remain on a record pace.
The House passed legislation providing for the first major update of U.S. International ocean-shipping laws in more than two decades. That comes as the nation continues to grapple with bottlenecks at its ports.
Tyson Foods said Monday it will give approximately $50 million in year-end bonuses to its frontline, hourly workers. These one-time bonuses will be based on tenure and range from $300 to $700.
Attorneys in the massive chicken antitrust price-fixing class action lawsuits have been granted more than $100 million in legal fees by a U.S. District Judge in the Northern District of Illinois.
After a near-total lockdown due to COVID-19, pork and beef exports to Columbia have rebounded significantly during 2021, and the U.S. Meat Export Federation sees the trend continuing in 2022.
Animal protein prices will remain firm in 2022, says Rabobank, but significant challenges will remain and markets will be driven by the transition to more sustainable animal protein, biosecurity challenges and COVID.
