Chicago Mercantile Exchange (CME) live cattle futures dropped on Friday as cash market prices this week were lower than anticipated, while lean hog futures dropped for a third straight session, reported Reuters. Weakening wholesale beef prices added pressure to live cattle, along with adequate supplies of animals available to […]
Nebraska Farm Bureau (NEFB) sent a follow-up letter to Attorney General Merrick Garland, asking the US Department of Justice (DOJ) to provide an update on its investigation into potential price fixing or market manipulation activity to ensure the cattle meatpacking industry is in compliance with the goals of federal antitrust […]
According to the US Department of Agriculture’s (USDA) most recent World Agricultural Supply and Demand Estimates (WASDE) report, estimates of 2021 red meat, poultry, and egg production have been adjusted to reflect December production data. The 2022 forecast for total red meat and poultry production is lowered slightly from […]
Last summer at the 2021 Cattle Industry Convention, market experts from CattleFax told beef producers they could anticipate an explosion in cattle prices within months. Boy, were they right. The surging market for all classes of cattle explains the smiles on producers’ faces at the 2022 Cattle Industry Convention, […]
Argentina extended beef export restrictions until the end of October on Tuesday, stoking tensions with the powerful farm sector as the government seeks to bolster domestic meat supply to help contain rising food prices. The move comes months before key mid-term elections, with center-left President Alberto Fernandez keen […]
A renewed, made-in-America beef labeling push is drawing support from Montana’s Republican congressmen. The latest version of the USA Beef Act was introduced last week. The bill, authored by U.S. Sen. Mike Rounds. R-S.D., requires that any beef sporting a “Product of the USA” label originate from a […]
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