Food prices were higher for the sixth consecutive month during September, with beef and pork leading the trend. The rapid increase has analysts concerned price inflation may soon impact consumer demand.
U.S. beef exports topped $1 billion in value for the first time in a single month during August, while U.S. pork exports posted another strong month remaining ahead of the record pace established last year.
The Iowa Chapter of the Sierra Club is suing the Iowa Department of Natural Resources in an effort to stop a 11,600-head feedlot in Clayton County that lies near Bloody Run Creek.
Legislative proposals aimed at the U.S. livestock markets could have a negative impact on farmers and ranchers they are intended to protect, Meat Institute argues ahead of Thursday’s House Ag Committee hearing.
Ag Secretary Tom Vilsack announces a USDA loan guarantee initiative to create more and better market opportunities, promote competition and strengthen America’s food supply chain
In a letter to Ag Sec. Tom Vilsack, the North American Meat Institute asks the administration to stop ignoring “fundamental principles of supply and demand” and acknowledge industry structure is not causing inflation.
Saline River Farms, LLC, has announced plans to build an 83,000-square-foot beef and pork processing facility in southern Illinois, part of USDA’s efforts to increase capacity and diversify processing facilities.
Both beef ad pork export totals remained strong during July, with beef export value rising 45% and pork export value rising 20%, according to the U.S. Meat Export Federation.
Steer, cow and hog by-product values have each reached their highest level in nearly six years. Steer hide and offal values are nearly double last year’s price and 43.5% higher than the five-year average.
JBS says it seeks opportunities for acquisitions and expansion, but two U.S. senators are calling on the U.S. Treasury Secretary to open an investigation into the Brazilian meatpacker.
