Search:

The search returned 50 results.

Start:    End:       Search Title?    Search Article?    Search Tags?
YOUR SEARCH RESULTS:


















































Tyson Fresh Meats Leader Testifies About Beef Industry at Senate Hearing

Shane Miller, group president of Tyson Fresh Meats, the beef and pork unit of Tyson Foods, testified about the beef industry during a hearing held today by the U.S. Senate Committee on the Judiciary. Below is Miller’s written testimony:

Chairman Durbin, Ranking Member Grassley, members of the Judiciary Committee, thank you for inviting me here today.

I proudly represent Tyson Foods, a company based in Springdale, Arkansas, and founded nearly a century ago by John W. Tyson, who started this business trucking chickens to markets across the Midwest...

 

Full Story »
Jul 30 8:34 AM, General News



Jul 28 8:25 AM, Urner Barry

VIDEO: Morning Market Roundup July 27

Urner Barry's reporters discuss the egg market, cold storage for chicken & poultry, plus cattle on feed.

Full Story »

USDA Announces Livestock, Poultry Producer Assistance for COVID-19 Related Losses

Livestock and poultry producers who suffered losses during the COVID-19 pandemic due to lack of access to processing can apply for assistance, the U.S. Department of Agriculture (USDA).

U.S. Ag Secretary Tom Vilsack announced the Pandemic Livestock Indemnity Program (PLIP) in remarks at the National Pork Industry Conference in Wisconsin Dells, WI.

PLIP is part of the USDA’s Pandemic Assistance for Producers initiative. Producers can apply for assistance on losses and the cost of depopulation and disposal through the USDA’s Farm Service Agency (FSA) starting on July 20...

Full Story »
Jul 16 9:33 AM, General News


NCBA Notes Introduction of Misguided Agriculture Bill from Senator Booker

The National Cattlemen’s Beef Association (NCBA) noted the introduction of misguided legislation entitled the Farm System Reform Act by Senator Cory Booker (D-NJ) and Congressman Ro Khanna (D-CA). NCBA Vice President of Government Affairs Ethan Lane gave the following response.

“In the past week, Democrats in Washington have put forward two starkly different proposals for strengthening the future of American cattle farmers and ranchers. One of these paths, namely the recent announcement from Secretary Vilsack, offers...

Full Story »
Jul 16 8:07 AM, General News


PODCAST: UK Beef Chats Episode 24

This week on UK Beef Chats, Market Report Mike Nesbitt discusses the rise of dead weight prices, shortage of cattle influencing the UK beef market, and plans to remove social distancing restrictions in the UK.

Full Story »
Jul 13 2:13 PM, Urner Barry


NCBA Thanks President Biden, Secretary Vilsack for Taking Steps to Strengthen Beef Supply Chain

President Biden signed an Executive Order which initiates several federal rulemakings and commits $500 million to expanding processing capacity in the beef industry. The National Cattlemen's Beef Association (NCBA) thanked President Biden and U.S. Department of Agriculture (USDA) Secretary Vilsack for acting rapidly to address key concerns impacting cattle and beef producers.

NCBA welcomed the announcement of rulemakings to improve the accuracy of the "Product of the USA" beef label and implement...

Full Story »
Jul 13 8:21 AM, General News


Rancher and NCBA Member Testifies Before Senate Agriculture Committee on Cattle Market Concerns

Mr. Mark Gardiner, the owner-operator of Gardiner Angus Ranch and an NCBA member, testified before the U.S. Senate Agriculture Committee on key market challenges that have long threatened the profitability of cattle and beef producers. He was joined by leading industry economists who NCBA has worked closely with to explore solutions to the current unsustainable market dynamics.

The hearing titled, “Examining Markets, Transparency, and Prices from Cattle Producer to Consumer” addressed a wide range of issues, including the urgent need for robust price discovery and...

Full Story »
Jun 25 8:23 AM, General News


Meat and Poultry Supply Chain Remains Resilient

In response to U.S. Secretary of Agriculture Tom Vilsack’s request for comments on efforts to improve supply chains for the production of agricultural commodities and food products, The North American Meat Institute (Meat Institute) said the meat and poultry food supply chain remains resilient despite extraordinary circumstances.

“The pandemic that began in 2020 and continues today may be the ultimate black swan event,” said Meat Institute Senior Vice President for Regulatory and Scientific Affairs Mark Dopp. “But its occurrence does not...

Full Story »
Jun 24 8:27 AM, General News


NCBA-Won Funds Going Toward USDA Grants for Small, Independent Processors

The U.S. Department of Agriculture (USDA) announced the creation of two new, competitive grant funding opportunities for small, regional, and independent meat processors using funds the National Cattlemen's Beef Association (NCBA) worked to secure at the end of last year. After fighting hard for several key priorities for cattle producers in the Consolidated Appropriations Act of 2021, NCBA praised USDA for putting $55.2 million of those funds toward the critical need for greater beef processing capacity.

The competitive grant funding will be available through the new Meat and Poultry Inspection Readiness Grant (MPIRG) program. The funds will support small beef processing facilities making the improvements necessary to...

Full Story »
Jun 23 8:27 AM, General News


Greenhouse Gas Emissions in Beef Supply Chains: Opportunities for Reductions and Leadership 

Beef supply chains account for about 6% of global greenhouse gas (GHG) emissions, of which about half are accounted for by the beef production stage of the supply chain. New and emerging technologies and management practices, covering feed production, cattle breeding, cattle feeding, and soil and pasture management, all offer significant opportunities to reduce emissions. Reduction of global beef supply chain emissions can be also achieved by transferring best practices from the most efficient beef supply chains to less efficient ones.

Food and agribusiness (F&A) company commitments to lower the supply chain GHG emissions of beef and other animal proteins are on the rise. Rabobank believes that in most regions these initiatives are likely to...

Full Story »
Jun 23 8:25 AM, General News


What Does Prop 12 Mean for Egg, Veal, and Pork Producers in 2022?

Set to begin on January 1, 2022, there has been much pushback and controversy surrounding the State of California’s Proposition 12: The Farm Animal Confinement Initiative, which California residents first voted to pass in 2018.

Under the new rule, veal calf producers are required to provide their animals with at least 43 square feet of usable floor space per calf. Sows must have a minimum of 24 square feet of usable space per animal and laying hens are required to be cage-free. Prop 12 prohibits the sale in California of meat, poultry, and eggs not raised in compliance with these regulations. Many industry participants and producers have voiced concerns that Prop 12 could...

 

Full Story »
Jun 17 10:26 AM, Urner Barry


NCBA and PLC Ready to Defend Progress on Clean Water Act

The National Cattlemen's Beef Association (NCBA) and Public Lands Council (PLC) issued the following statement in response to Environmental Protection Agency (EPA) Administrator Michael Regan's announcement that the agency intends to revise the Navigable Waters Protection Rule (NWPR).

"Livestock producers, who manage both their private lands and safeguard public lands, have a deep-seated commitment to protecting and improving our waterways — which is why it is so deeply frustrating when EPA opts for government overreach instead of effective, proven public-private partnerships. The NWPR was...

Full Story »
Jun 15 9:47 AM, General News


Cargill Joins U.S. CattleTrace Program with Aim to Develop Infrastructure for Disease Traceability

Cargill announced that it has joined U.S. CattleTrace as an official packer member. Cargill is the second beef processor to invest in the effort formed by multiple state cattlemen’s organizations to develop a national infrastructure for animal disease traceability in the U.S. cattle industry.

“Reducing the impact of disease is critical for the U.S. Beef herd which is why we’re excited to join the U.S. CattleTrace program and champion its efforts to improve global competitiveness and food safety across the value chain,” said Jarrod Gillig, business operations and supply chain lead for Cargill’s North American protein business. “At Cargill, we’ve long been focused on enhancing the traceability and resilience of our supply chains and...

Full Story »
Jun 15 8:24 AM, General News


USDA to Begin Work to Strengthen Enforcement of the Packers and Stockyards Act

The U.S. Department of Agriculture (USDA) will begin work on three proposed rules to support enforcement of the Packers and Stockyards (P&S) Act, the 100-year old law that was originally designed to protect poultry and hog farmers and cattle ranchers from unfair, deceptive, and anti-competitive practices in the meat markets. USDA’s pending action was noted in the Unified Agenda of Regulatory and Deregulatory Actions released by the White House Office of Management and Budget (OMB).

USDA intends to take three actions related to rulemaking in the months ahead. First, USDA intends to propose a new rule that will provide greater clarity to strengthen enforcement of unfair and deceptive practices, undue preferences, and unjust prejudices. Second, USDA will propose a new...

Full Story »
Jun 14 8:45 AM, General News


NCBA Joins Dialogue with Sec. Vilsack on Build Back Better Initiative

The National Cattlemen's Beef Association joined an agriculture industry call with U.S. Department of Agriculture (USDA) Secretary Vilsack to discuss the path forward for the recently-announced $4 billion Build Back Better initiative.

During the coalition call, there was a productive, positive dialogue on how funds could best be utilized to strengthen the security of the beef supply chain and increase opportunities for profitability for all sectors of the cattle industry.

In yesterday's announcement, USDA outlined four areas of focus for the program — food production, food processing, aggregation and...

Full Story »
Jun 11 8:25 AM, General News


Additional Cattle Markets Legislation Introduced in U.S. House

Representative Vicky Hartzler (R-MO-4) introduced the Optimizing the Cattle Market Act of 2021 in the U.S. House. The legislation builds on a growing consensus among cattle producers, industry leaders, and Members of Congress that the current market dynamics — which stunt producer profitability and put undue market leverage on the side of meatpackers — are not sustainable for the beef supply chain.

If enacted, the bill would direct the U.S. Department of Agriculture (USDA) to create a cattle formula contracts library, and increase the reporting window for "cattle committed" from...

Full Story »
Jun 10 8:32 AM, General News


NAMI to Supreme Court: Prop 12 Not Beneficial to Consumers and Increases Sow Mortality

The North American Meat Institute (the Meat Institute) said the State of California’s Proposition 12 (Prop 12 or the law) provides no benefit to consumers and increases breeding sow mortality according to the State’s own proposed rule.

“The recently proposed rule by the California Department of Food and Agriculture (CDFA) admits there are no benefits to Californians as a result of Prop 12. CDFA admits deaths of breeding sows will increase. Both are unintentional consequences of a costly and unconstitutional law,” said Julie Anna Potts, President and CEO of the North American Meat Institute. “Our petition to challenge the law has the support of more than...

Full Story »
Jun 10 8:29 AM, General News


JBS USA Confirms Equivalent of $11 Million Ransom Payment to Hackers

In a press release Wednesday, JBS USA confirmed it paid the equivalent of $11 million in ransom in response to the cyberattack last week which affected its North American and Australian IT systems. 

JBS USA was forced to temporarily close its beef and pork processing plants on June 1 following the Memorial Day weekend. Altogether, the company's facilities account for nearly a quarter of the total U.S. daily cattle and hog processing capacity. JBS's U.S. facilities resumed full operations by Friday and are maintaining normal operations so far this week. Week-to-date cattle slaughter is 154,000 head above the week prior. Week-to-date hog slaughter is up...

Full Story »
Jun 10 8:26 AM, UB Newswires


UFCW Sioux Falls Union Votes to Authorize Strike Against Smithfield

The Sioux Falls chapter of the United Food and Commercial Workers union has authorized a strike at the Smithfield Foods pork processing plant in South Dakota. The union met with company representatives Tuesday and said they hope to avoid a work stoppage.

The union is demanding that Smithfield increases its wages. UFCW Local 304A President B.J. Motley explained "We feel that during a pandemic year and after calling Smithfield workers heroes for coming to work on a daily basis to feed America, they haven't shown that appreciation at all during negotiations."

No deadline has been set yet for when a strike could happen. Hog slaughter operations are expected to...

 

Full Story »
Jun 9 10:33 AM, UB Newswires


ANALYSIS: Cattle and Hog Producers Weather Another Black Swan Event

In what was yet another black swan event, the cyberattack on JBS last week exemplified the severe impacts that extraordinary incidents can have on...

Full Story »
Jun 8 8:35 AM, UB Newswires


Lawmakers Urge Administration to Challenge Damaging Court Ruling

Congressional lawmakers are spearheading two letters to the administration, urgently requesting the U.S. Department of Agriculture (USDA) and the Department of Justice (DOJ) appeal a recent federal district court ruling that, left unchallenged, will cause tremendous financial harm to American hog farmers starting at the end of this month.

The National Pork Producers Council (NPPC) is urging USDA and the DOJ to quickly appeal the court ruling that, unless halted, will result in a 2.5 percent loss in pork packing plant capacity nationwide, and more than...

 

Full Story »
Jun 7 8:26 AM, General News


Jun 3 2:34 PM, Urner Barry

VIDEO: Morning Market Roundup June 2

Urner Barry's reporters discuss the JBS cyberattack, boneless chicken breasts, and cage-free egg inventory.

Full Story »

NCBA Pushes Congress to Address Areas of Concern in the Cattle Industry

the National Cattlemen’s Beef Association (NCBA) led a letter with the support of 37 affiliate state cattle organizations, urging the leadership of the U.S. Senate and House Agriculture Committees to address critical areas of concern in the cattle and beef industry.

Specifically, NCBA pushed Sen. Debbie Stabenow (D-MI), Sen. John Boozman (R-AR), Rep. David Scott (D-GA-13), and Rep. Glenn “GT” Thompson (R-PA-15) to consider swift Congressional action to...

Full Story »
Jun 2 8:22 AM, General News


Beef Quarterly Q2 2021: Record Prices, but Will They Last?

Many key beef production and consumption areas across the world are currently experiencing high or record prices for beef or cattle. We explore what is driving this and whether it will last. There are also several other issues affecting global beef markets at present.

Covid-19

The rollout of vaccines, the transition to robust economic growth, and the advance of the northern hemisphere summer see many areas experiencing lower Covid case numbers and higher economic activity. With restrictions being eased, foodservice sales are also...

Full Story »
Jun 2 8:21 AM, General News


ANALYSIS: Digesting the Latest USDA On Feed Data

In this latest report, year-over-year comparisons were skewed due to the COVID-19 disruptions including...

Full Story »
May 25 8:34 AM, UB Newswires


PODCAST: Meating Halal Standards: Oscar Giron on Specialty Meat Products

This week on Market Digest we are joined by Oscar Giron of Specialty Food Connections. Laura and Oscar discuss what Halal means, taking Halal mainstream, and how Halal standards have influenced livestock handling, retail trends, and hygiene standards.

Did you know? Urner Barry's Market Digest Podcast is now available on Spotify, iTunes, Apple Podcast, iHeartRadio, and SoundCloud! More ways to listen to top industry news and analysis.

Full Story »
May 20 10:21 AM, Urner Barry


USDA Study: Piglets Pay the Price of Mom’s Heat Stress

Piglets born to heat-stressed sows may carry the burden of their mom’s discomfort later in life in the form of health complications and diminished performance. Now, this so-called "in utero heat stress" may also hypersensitize the piglet’s immune system, potentially doing more harm than good to the young animals, a team of Agricultural Research Service (ARS) and university scientists has learned.

Pigs are more susceptible to heat stress due to an inability to sweat. This places them at greater risk of health and production problems that can add up to millions of dollars annually in revenue losses to swine producers.

Research has shown that pigs experiencing heat stress during pregnancy can predispose their offspring to...

Full Story »
May 19 8:36 AM, General News


PODCAST: UK Beef Chats Episode 17

This week on UK Beef Chats, Mike Nesbitt discusses the softening of UK cattle market pricing, cautious optimism on market calls, minced demand in the UK retail market, and more!

Full Story »
May 17 1:51 PM, Urner Barry


Two Individuals Charged for Their Roles in Massive Cattle Ponzi Scheme

A federal grand jury in Colorado returned an indictment that was unsealed Tuesday charging an Illinois woman and a Georgia man with running a Ponzi scheme that raised approximately $650 million from investors across the country.

According to court documents, Reva Joyce Stachniw, 69, of Galesburg, Illinois, and Ron Throgmartin, 57, of Buford, Georgia, were charged with running a Ponzi scheme, along with a third co-conspirator, Mark Ray, from late 2017 until early 2019. Ray was previously charged by criminal information for his role in...

Full Story »
May 13 8:33 AM, General News


ANALYSIS: Cash Hog Pricing Surpasses Live Cattle Pricing

In an unusual turn of events, cash hog pricing is currently higher than not only the pork cutout, but live cattle prices...

Full Story »
May 7 8:30 AM, Urner Barry


Low Parana River Level 'Trims' Argentine Farm Exports

Argentina's Parana River, the grains superhighway that takes soy and corn from the Pampas farm belt to the world, has gotten so shallow that it has started "trimming" international shipments just as the country's export season gets underway.

The level of the Parana at the export hub of Rosario, home to some of the biggest soy crushing plants in the world, was a scant 0.90 meters on Wednesday, according to the Coast Guard.

Between 1996 and 2020 the median depth of the river at Rosario in April was a much deeper...

Full Story »
May 6 8:54 AM, Urner Barry


Pork Quarterly Q2 2021: Production Setbacks Slow Growth, Boosting Prices and Returns

Global hog prices are sharply higher in most markets, as processors scramble to find adequate supplies. Higher disease losses in key growing regions, along with the lagged impact of industry liquidation during the pandemic, have limited available hog supplies. Rabobank expects a gradual recovery in the herd, yet higher raising costs and demand uncertainty are expected to moderate the pace of growth. Lower production expectations have left the market short of pork, just as demand is beginning to strengthen. The imbalance is driving pork prices sharply higher in many markets, which is slowly being passed through to consumers, contributing to overall inflationary trends.

China: Herd losses due to new ASF outbreaks and health challenges are slowing the recovery. While below earlier expectations, the sow herd is flat vs. 2020 and will expand through year-end as...

Full Story »
May 6 8:26 AM, General News


NCBA Stands Ready to Fight for Sound Tax Policy

In his American Families Plan, President Biden targets several provisions of the tax code to raise approximately $1.5 trillion in revenue over the next 10 years. The National Cattlemen's Beef Association (NCBA) has long advocated for sound tax policy for rural America.

"Family-owned cattle operations, no matter the size, are the backbone and economic drivers of rural economies across the U.S. Preserving long-standing tax provisions such as stepped-up basis and like-kind exchanges is critical when considering the financial viability of farms and ranches, as well as the ability for the next generation of...

Full Story »
May 3 8:19 AM, General News


NCBA Backed Study Proves Stepped-Up Basis Repeal Would Be Detrimental to Farms and Ranches

The Family Business Estate Tax Coalition (FBETC) released an EY study quantifying the impact a repeal of stepped-up basis would have on family businesses. The National Cattlemen’s Beef Association (NCBA) has long advocated for the preservation of this long-standing provision of the U.S. tax code, as well as other sound tax policies for rural America, and has been an active supporter of this study.

“The EY study sheds light on the facts that we at NCBA—among others in the agricultural community—have long known. Simply put, the repeal of stepped-up basis would have catastrophic impacts on...

Full Story »
Apr 26 8:30 AM, General News


ANALYSIS: Pandemic-Related Issues Continue to Affect Slaughter Levels 

Pandemic-related issues including labor availability continue to affect cattle and hog processing levels more than a year after...

Full Story »
Apr 23 8:34 AM, UB Newswires


Tyson Foods Joins Cattle Traceability Program

Tyson Fresh Meats, the beef and pork subsidiary of Tyson Foods, Inc., is putting its support behind a cattle disease traceability program called U.S. CattleTrace.

This makes Tyson the first beef processor to invest in membership in the program, which was formed by multiple state cattlemen’s organizations to develop a national infrastructure for animal disease traceability in the U.S. cattle industry. The program is expected to assist animal health officials with an effective and quick disease response within the U.S. cattle herd in the event of a foreign animal disease occurring in the U.S., which is...

Full Story »
Apr 22 8:29 AM, General News


Managing Cattle Grazing Distribution: It’s Not as Simple as It Sounds

Grazing is an agricultural term to describe the natural behavior of cattle moving across pastures and rangelands as they consume different plants. Surprisingly, grazing cattle are selective about where and which plants they will eat, and land managers consider grazing distribution an essential factor in deciding how to manage their herds, including how to prevent overgrazing for conserving biodiversity of the land.

The U.S. Department of Agriculture’s Agricultural Research Service (USDA-ARS) collaborated with various universities and the Long-Term Agroecosystem Research (LTAR) network to examine...

Full Story »
Apr 21 9:00 AM, General News


NCBA Delivers Introduction of House Companion HAULS Act

The National Cattlemen’s Beef Association (NCBA) endorsed the Haulers of Agriculture and Livestock Safety (HAULS) Act of 2021. Introduced in the House by Rep. Rose (R-TN-06) and Rep. Soto (D-FL-09), the bipartisan bill would deliver much-needed flexibility for livestock haulers. The House bill introduced this week is a companion to S.792, which NCBA worked to get introduced in the Senate last month.

“In times of crisis and in times of normalcy, livestock haulers are a critical part of the supply chain keeping grocery stores stocked with beef. The full year of disruption due to COVID-19 has only underscored the need for further flexibility in livestock hauling regulations,” said NCBA President Jerry Bohn. “NCBA is encouraged by...

Full Story »
Apr 16 8:29 AM, General News


Montana Passes Landmark Bill Advancing Hemp as Animal Feed

Governor Greg Gianforte signs HB 396, a bill authorizing hemp food ingredients as commercial animal feed. This bill is a major step forward for the developing U.S. hemp grain industry, opening additional markets for farmers and again establishing Montana as a key leader in production and opportunities for industrial hemp grain. Features of this bill include:

  • Clarifying hemp seed food ingredients and substances derived from hemp are included in the definition of commercial feed.
  • Providing authority for hemp for use as commercial feed for pets, specialty pets, and horses.
  • For other livestock, effectiveness contingent upon...
Full Story »
Apr 15 9:17 AM, General News


ANALYSIS: Cash Cattle Slow to Rise Despite Soaring Beef Prices

Around this time last year, the pandemic drastically altered consumer buying behavior due to dining restrictions and...

Full Story »
Apr 9 8:30 AM, UB Newswires


NCBA Delivers Preserving Family Farms Act: A Permanent Solution to a Generational Issue

The Preserving Family Farms Act of 2021 was introduced by U.S. Representatives Jimmy Panetta (CA-20) and Jackie Walorski (IN-2). NCBA has long supported efforts to reduce undue tax burden on farmers and ranchers. This bipartisan legislation to expand IRS Code Section 2032A would allow cattle producers to take advantage of the Special Use Valuation and protect family-owned businesses from the devastating impact of the federal estate tax, commonly referred to as the Death Tax.

“We thank Representatives Panetta and Walorski for their leadership and dedication to protecting future generations of agricultural producers through the introduction of the...

Full Story »
Apr 9 8:28 AM, General News


Australian Beef Seasonal Outlook: Green Grass and Empty Pens

With breeding cattle inventory recovering from the lowest levels in over 30 years, there’s a unique opportunity to assess and then act on the future for the Australian beef industry. A number of challenges currently confront the Australian beef industry, including high cattle prices, low supplies, and China trade access. Australia’s position in the global protein world needs to be considered in rebuilding the herd.

Is Australia to be a supplier to high-quality niche markets, commodity supplier (of lean beef) to global trade, exporter of live cattle, or exporter of value-added beef to trade markets? “Any or all of these options may apply, but choosing one sets a path for the future. Decisions taken this year are not just about...

Full Story »
Apr 9 8:28 AM, General News


Study Finds Consumers are Hopeful About Agriculture’s Ability to Positively Impact Climate Change

When it comes to climate change, consumers view agriculture as a part of the solution rather than the problem. Among participants in Cargill’s recent global Feed4Thought survey, those who indicated climate change as important to them also rated livestock and agriculture lowest in negative impact compared with other industries generally regarded as significant contributors. More than one-third of respondents expressed confidence in the industry’s ability to limit its contributions to climate change.

“Farmers are critical to feeding the world sustainably and responsibly,” said Ruth Kimmelshue, who leads Cargill’s animal nutrition & health business. “With a growing population and rising consumer interest in climate change, they are also part of the solution to address...

Full Story »
Apr 8 10:39 AM, General News


Apr 8 9:51 AM, Urner Barry

VIDEO: Morning Market Roundup March 30

Urner Barry's reporters discuss Cash Cattle, UB Beef Index, and Turkey Thighs and Breasts.

Full Story »

Study Confirms U.S. Beef Industry is the Most Sustainable in the World

A research paper released confirmed U.S. beef production is the most sustainable production system in the world, a fact long understood by America’s cattle producers, who between the 1960s and 2018, reduced the carbon footprint of the industry by 40 percent while producing 66 percent more beef.

“We already know a growing global population will require and demand high-quality food, which means we need ruminant animals, like beef cattle, to help make more protein with fewer resources,” said NCBA president and Kansas cattleman, Jerry Bohn. “Cattle generate more protein for the human food supply than would exist without them because...

Full Story »
Apr 7 8:24 AM, General News


Washington Man Pleads Guilty to $244 Million Ghost-Cattle Scam

A Washington man pleaded guilty to defrauding Tyson Foods Inc. (Tyson) and another company (Company 1) out of more than $244 million by charging them under various agreements for the purported costs of purchasing and feeding hundreds of thousands of cattle that did not actually exist.

According to court documents, Cody Allen Easterday, 49, of Mesa, used his company, Easterday Ranches Inc., to enter into a series of agreements with Tyson and Company 1 under which Easterday Ranches agreed to purchase and feed cattle on behalf of Tyson and Company 1. Per the agreements, Tyson and Company 1 would advance Easterday Ranches the costs of buying and raising the cattle. Once the cattle were slaughtered and sold at market price, Easterday Ranches would...

Full Story »
Apr 5 8:27 AM, General News


CME Grain Markets Surge Following Friendly USDA Reports

Grain markets on the CME surged Wednesday following a wave of bullish USDA data in the latest Prospective Plantings and Grain Stocks reports. 

The annual Prospective Plantings report estimated corn planted area for all purposes in 2021 at 91.1 million acres, up less than 1 percent from 2020 and below the average of analysts’ expectations. Meanwhile, soybean planted area for 2021 was estimated at 87.6 million acres, up 5% from last year but below the average trade estimate at around 90.1 million acres. 

The quarterly Grain Stocks Report showed corn stocks at 7.70 billion bushels, down 3% from last year. Soybeans stored in all positions on March 1, 2021 totaled 1.56 billion bushels...

Full Story »
Apr 1 9:12 AM, UB Newswires


Cargill Initiative Aims to Conserve Canadian Prairies through Collaboration with Ranchers

Beef farmers and ranchers play an important role in providing quality food, but few people know they also play an essential role in protecting Canada’s land, water and wildlife. With the urgency of unprecedented environmental challenges, like climate change, Ducks Unlimited Canada (DUC) has teamed up with McDonald’s Canada and Cargill to support rancher-led work through a $5-million CAD Forage Program. The program will work to return 125,000 acres (50,585 hectares) of cropland to grass and pasture by 2025.

In response to growing climate concerns, returning less productive annual cropland to perennial grass helps remove carbon dioxide from the atmosphere. Collectively, the impact of this program is comparable to removing...

Full Story »
Mar 29 8:18 AM, General News


APHIS Adds India to List of Regions Affected with African Swine Fever

The United States Department of Agriculture's (USDA) Animal and Plant Health Inspection Service (APHIS) added India to the list of regions we consider to be affected with African Swine Fever (ASF.) We took this action on May 13, 2020 when the disease was confirmed and are now publishing notice in the regulations. Pork and pork products from India, including casings, are subject to APHIS import restrictions designed to mitigate the risk of ASF introduction into the United States.

ASF is a devastating, deadly disease of pigs that is not currently found in the United States. USDA's actions will...

Full Story »
Mar 26 8:36 AM, General News


Key Takeaways From COVID-19 and the Supply Chain

The pandemic has far-reaching effects throughout the entire supply chain. From processing plant disruptions to shifts in consumer behavior, industry participants are learning how to improve efficiency and reconfigure the workplace.   

During a virtual panel sponsored by Kayem Foods, Inc titled ‘COVID and the Supply Chain: Farm to Distribution’, a group of experts including producer and packer representatives discussed their key learnings for both live animal production and meat processing. 

Panelists included Brad Freking, New Fashion Pork; Colin Woodall, CEO, National Cattlemen’s Beef Association; and KatieRose McCullough, Director, Regulatory and Scientific Affairs, North American Meat Institute. 

McCullough began the panel by reviewing the drastic effects that COVID-19 had on the nation's meat and poultry processing plants. In March 2020, COVID-19 was declared a national emergency. The ability to process cattle and hogs in...

Full Story »
Mar 25 8:39 AM, UB Newswires




URNER BARRY INDICES




Load More
Label Label
Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

DISCLAIMER
THE INFORMATION, PRODUCTS, CONTENT AND DATA ON THE SITE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. WE DO NOT WARRANT THAT THE FUNCTIONS CONTAINED IN INFORMATION, CONTENT AND DATA ON THE SITE (INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT) WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE SITE OR THE SERVERS THAT MAKE SUCH INFORMATION, CONTENT AND DATA AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. MOREOVER, YOU ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. WE DO NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF ANY INFORMATION, CONTENT, DATA, PRODUCTS OR SERVICES CONTAINED ON OR OFFERED, MADE AVAILABLE THROUGH, OR OTHERWISE RELATED IN ANY WAY TO THE SITE, INCLUDING, WITHOUT LIMITATION, DERIVED CONTENT, OR ANY THIRD-PARTY SITES, PRODUCTS OR SERVICES LINKED TO FROM THE SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, COMPLETENESS, RELIABILITY, SAFETY OR OTHERWISE. APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.