Cattle producers continued to be in the crosshairs of the chaos in the global markets. In the south producers found $110 was the best trade they could get, with cattle trading as low as $105 by the end of last week.
The U.S. red meat industry is optimistic about the opportunities ahead for U.S. pork and beef in Japan. Trump and Abe's announcement puts the U.S. on an even playing field with its competitors, Halstrom says.
Beef production, and I agriculture in general, has become a pretty contentious issue over the past several years. Most often, the criticism is directed at us while we try to defend ourselves in a graceful manner.
After a fire Friday night that closed its Holcomb, Kan., beef packing facility, Tyson Foods says it will continue to pay employees and utilize other sites in its network to keep the beef supply chain moving.
The Latin American Product Showcase saw a mix of current and new customers from emerging markets where the U.S. has been working to grow demand for U.S. red meat, says USMEF president and CEO Dan Halstrom.
At the Latin American Product Showcase, more than 60 USMEF exporting member companies participated, displaying and promoting U.S. beef, pork and lamb products. The event attracted more than 190 buyers from 23 countries.