Fed Cattle
Cattle feeders sold more cattle last week than any week this year and at the highest price in history. Pork producers saw modest profits.
Profit margins for cattle feeders and packers continue pacing in opposite directions as shrinking supplies of market-ready cattle drive negotiated cash prices higher.
Cash cattle prices declined last week for the first time in a month, but wholesale prices moved higher for the fifth consecutive week. Prices for yearling feeder cattle placed on feed topped $200 per cwt.
The Protein PACT Academic Advisory Council is formed to advise on research priorities and the latest evidence related to meat production and consumption.
After Tyson Foods reports anemic first quarter sales and downgrades its forecast, The Wall Street Journal editors wrote, “This doesn’t look like an antitrust conspiracy or market oligopoly.”
The Justice Department says it has filed a memo in federal court with its recommended sentence for Washington rancher and cattle feeder Cody Easterday who pleaded guilty in a $244 million “ghost cattle” scheme.
While cash cattle prices slipped only modestly, cattle feeders saw margins erode by $86 per head, falling from an average profit of $38 two weeks ago to an average loss of $49 per head last week.
Despite chatter about a global economic slowdown, U.S. beef exports remain on a torrid pace in 2022. Pork exports fell short of last year’s record pace.
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.
Continued demand for non-GMO feed for livestock will increase greenhouse gas emissions on farms, and raise consumer prices for meat, milk and eggs, according to a study by Iowa State University.
In an exclusive Drovers commentary, the president and CEO of the North American Meat Institute says despite popular arguments, America’s cattle and beef industries are better without government intervention.
Tyson officials said Friday night’s fire caused “major damage,” but the company is working “as quickly as possible” to return its Holcomb, Kan., facility to operation.
A “large fire” Friday night (Aug. 9, 2019) closed the Tyson Foods beef facility at Holcomb, Kan., and the company said the plant will be closed indefinitely.
China’s second-largest online mall to buy more than $1.2 billion of U.S. beef & pork over next three years.
Beef production is slated to slow globally compared to pork and chicken.
Twenty-five pharmaceutical companies are voluntarily phasing out the use of antibiotics for growth promotion in animals processed for meat, the Food and Drug Administration said Wednesday.
Cattle and beef prices are at record levels in every industry sector, from cow-calf to retail beef prices. These record prices are obviously supported by a very unusual set of supply and demand circumstances.
Farmer/Columnist John Phipps writes about the “Thin Green Line.” ...
Looking to save money, Arkansas based Tyson Foods has announced plans to close two facilities...
A coalition of environmental, animal rights and citizen action groups filed two lawsuits Wednesday alleging the U.S. Environmental Protection Agency is failing to address air pollution problems from large-scale livestock farms.
Millions of cattle and hogs fatten up at Kansas’ more than 1,750 large-scale livestock feedlots, yet the state regulatory agency entrusted with overseeing those confined feeding operations has no full-time professional environmental engineers at the moment.
USDA’s acreage numbers injected a substantial amount of uncertainty into both markets that appears set to stay in place throughout the summer, according to University of Illinois agricultural economist Todd Hubbs.
Hog markets fell while cattle prices were mixed.