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JBS USA Invests in U.S. Beef Capacity and Permanently Increased Wages
JBS USA announced it is investing more than $130 million in the U.S. beef industry to increase production capacity and more than $150 million in annualized pay increases to workers across its nine beef plants. The investments are part of the company’s long-term strategic commitment to the success and future growth of the U.S. beef industry.
JBS USA has invested $130 million to increase production capacities at two of its major beef processing facilities in Grand Island and Omaha, Neb. The company is on schedule to complete a significant expansion of its Grand Island beef production facility, including the construction of a new harvest floor and enhanced animal welfare facilities, in late summer. JBS USA is also expanding cooler capacity and upgrading...
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...
ANALYSIS: Cash Cattle Prices Are Stuck in Limbo
The weekly USDA five-area direct average fed steer price last week was $114.07/cwt, steady with the previous week but $0.78/cwt less than...
Beef Quarterly Q1 2021: New Drivers in Cattle Innovation
Increasing awareness of the need to improve environmental and social outcomes, together with a growing appetite from investors in animal protein, are creating new opportunities and growth in cattle innovation.
“We believe that research and innovation in the beef industry will continue to evolve but we are currently enabled by two main catalysts that will stimulate this further. Firstly, new investors in the space and secondly, the sustainability drive that not only seeks production improvements but also creates...
US Beef Demand: The Risk of Recovery
The optimistic anticipation of a post-pandemic world continues to intensify with the ongoing distribution of Covid-19 vaccines. From a beef industry perspective, virus control will relieve much of the current strain on the processing and distribution sectors.
Throughout the next several years, innovations accelerated by Covid-19 will go live, as well as technological advancements across the supply chain. Simultaneously, tighter cattle supplies from a declining beef cow herd will...
ANALYSIS: Steer Carcass Weights Begin 2021 in Contra-Seasonal Uptrend
Cattle feeders are currently contending with a large number of front-end supplies, as highlighted by the most recent USDA carcass weight data. The latest available information for the week ended January 23 showed...
Tyson Foods to Verify Sustainable Cattle Production Practices at Scale
Tyson Foods announced its work to verify sustainable beef production practices on more than 5 million acres of cattle grazing land in the U.S. This would be the largest known beef transparency program in the U.S., and part of Tyson Foods’ focus on sustainably feeding the world while taking care of people, the planet and animals.
Working with Where Food Comes From, the largest provider of certification and verification services to the food industry, Tyson Foods will source cattle from BeefCARE™ verified beef producers who are committed to raising cattle using...
The Nature Conservancy, Cargill, McDonald’s and Target Unite to Invest in Beef Sustainability
The Nature Conservancy, McDonald’s, Cargill and Target are coming together to launch a new five-year, $8.5 million project aimed at working with Nebraska farmers to advance proven soil health practices to help mitigate greenhouse gas emissions and help farmers adapt to climate change. Overall, this effort has the potential to sequester 150,000 metric tons of carbon dioxide over the course of the project – equivalent to removing over 32,000 cars from the road in one year.
Nebraska is one of the top states for U.S. beef production and among the top three states for corn production, a key ingredient for cattle feed. This project will work with interested farmers to reach...
ANALYSIS: The Spread Between Wholesale and Retail Beef Prices
During the COVID-19, wholesale beef prices have moved through phases as the situation changed...
NCBA and NAMI Respond to USDA Report on Cattle Markets
The USDA suggested broader reporting requirements for meatpacking companies as it investigates cattle market movements driven by the coronavirus pandemic and a fire at a major beef plant. The USDA stated in a report in conjunction with the U.S. Department of Justice that it continues to investigate potential regulatory violations and anticompetitive conduct within the industry. However, the report does not detail any wrongdoing by meat processors.
“In its analysis of the effects of the fire and the pandemic, USDA found no wrong-doing and confirms the disruption in the beef markets was due to devastating and unprecedented events,” said North American Meat Institute President and CEO, Julie Anna Potts. “It is difficult to see how the USDA’s recommended legislative proposals would have...
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