Packer
Beef packer continued with a stranglehold on cattle markets last week, buying a few cattle to fill their needs at lower money and keeping operating margins historically high.
Fifteen food and beverage associations sent a letter to President Donald Trump requesting priority access to COVID-19 vaccines to protect workers and keep the food supply chain running.
The bonus is intended to encourage employees to get inoculations, after thousands of U.S. meatpacking workers became infected with the coronavirus last year.
A U.S. Congress panel is investigating COVID-19 outbreaks at meatpacking plants nationwide. Here’s how some of the packing plants responded.
A new report from the Meat Institute shows new COVID-19 infection rates among meat and poultry workers are 60% lower than in the general U.S. population and two-thirds lower than case rates in the sector in May 2020.
More than 44,000 Tyson Foods employees have been vaccinated, the company reports. Tyson recently hosted League of United Latin American Citizens CEO Sindy Benavides to an on-site COVID-19 vaccination event.
A Nebraska bill has been delayed that would have extended COVID-19 protections for meatpacking workers for another year.
The company says it will also provide $200 to fully vaccinated frontline team members.
Cases and deaths from COVID-19 among workers at the leading U.S. meatpacking plants were three times as high as previously estimated based on an investigation by the House Select Subcommittee.
November employment data was called disappointing despite the unemployment rate dropping slightly. Retaining workers has become difficult even as employers raised pay, which eventually gets passed along to consumers.
New research has concluded that higher wages, among other benefits, are necessary to attract workers to meatpacking jobs.
If finding employees to fill positions wasn’t hard enough, finding available and affordable housing has encouraged companies to provide housing options as part of employment.
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.
The North American Meat Institute says a House Select Subcommittee on the Coronavirus Crisis’ report distorts the truth about the meat and poultry industry’s work to protect employees during the COVID-19 pandemic.
The House Select Committee on the Coronavirus Crisis alleges meat packers pressed “baseless” claims of beef and pork shortages early in the pandemic to persuade the Trump Administration to keep operations running.
Brazilian meatpacker JBS SA posted a first-quarter profit that beat expectations on the back of strength in its United States business, according to a financial statement on Wednesday.
Biden says Ukraine has 20 million tons of stored grain awaiting export to various countries. He says lack of port movement coupled with halted planting in Ukraine will ignite a global food crisis unless action is taken.
Tyson Foods Inc TSN.N raised its full-year sales outlook on Monday after soaring meat prices helped the U.S. processor beat quarterly revenue and earnings estimates.
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.
A federal appeals court has affirmed the dismissal of a lawsuit brought by cattle ranchers over the alleged mislabeling of beef as a “Product of the U.S.A.”
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.
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.”
Brazilian meatpacker Marfrig Global Foods SA aims to appoint its own board members at food processing business BRF SA, it said on Monday, having built a stake of about 33% in the company.
Colin Woodall, NCBA CEO, says the DOJ has an “obligation” to provide full transparency and finish the investigation to give cattle producers the full scope of the issue.
The Biden administration and some cattle groups blame meat industry concentration for producers getting a smaller share of consumer dollars for beef than they did decades ago. The Meat Institute disputes such claims.
The Biden Administration unveiled a new, four-pronged action plan to aid independent meat processors, strengthen the Packers & Stockyards Act, and issue new “Product of USA” labeling rules.
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.
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.
In testimony before the House Ag Committee, the Meat Institute said the current labor shortage is a significant factor driving U.S. food prices higher.
Cargill has closed its processing plant in Hazelton, PA, which employs 900 workers, indicating it will reopen when “it is safe” to do so.