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USDA Data Reveal: Cattle Sale Revenues Grew 16% in 2021

Following two Congressional hearings on the beef and cattle markets largely focused on prices producers receive for their cattle, the North American Meat Institute (Meat Institute) today said the latest USDA annual report on livestock income clears up misconceptions about the state of cattle markets and shows cash receipts for the sale of cattle and calves increased 16 percent, from $63.1 billion in 2020 to $72.9 billion in 2021.

“As our members said in their testimony, prices are improving for cattle producers due to supply and demand reflecting..."

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May 2 8:25 AM, General News



Meat Institute to House Ag Chair Scott: Packer Margins Since 2015 Due to Increased Herd Size

The North American Meat Institute (Meat Institute) today answered questions asked of meat and poultry industry companies by House Agriculture Committee Chairman David Scott during a hearing on beef and cattle markets:

“The analysis of beef and cattle market margins from 2015 are not in dispute,” said Julie Anna Potts, President and CEO of the Meat Institute. “Cattle prices hit record highs in 2014 and 2015, when the overall cattle herd was at its smallest since 1952 (for context, that was during the Truman...

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Apr 29 9:00 AM, General News


Meat Institute to House Ag: More to Beef & Cattle Markets than Packers & Producers

The North American Meat Institute (Meat Institute) today said the beef and cattle markets are complex, driven by supply and demand and have more participants than packers and producers who add value at each step in production.

“Too often, the policy debate around the cattle and beef industry is an overly-simplified discussion limited to cattle producers versus beef packers. It is imperative policy makers remember: packers don’t buy fed cattle from cow-calf producers; nor do packers sell beef to consumers,” said Julie Anna Potts, President...

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Apr 29 8:54 AM, General News


NCBA President Urges Congress to Adopt Broadly Supported Cattle Market Policies

Today, National Cattlemen’s Beef Association (NCBA) President Don Schiefelbein, a Minnesota cattle producer, testified before the House Agriculture Committee in a hearing on issues in the cattle markets. Schiefelbein urged House members to support key policies with broad, unified support across the entire cattle industry including a cattle contract library, Livestock Mandatory Reporting (LMR) reauthorization, and investments in small regional processing capacity expansion.

“The only people who know exactly how cattle producers should navigate these uncertain times are the individuals who work..."

 

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Apr 28 8:00 AM, General News


Meat Institute to House Ag: More to Beef & Cattle Markets than Packers & Producers

The North American Meat Institute (Meat Institute) today said the beef and cattle markets are complex, driven by supply and demand and have more participants than packers and producers who add value at each step in production.

“Too often, the policy debate around the cattle and beef industry is an overly-simplified discussion limited to cattle producers versus beef packers. It is imperative policy makers remember: packers don’t buy fed cattle from cow-calf producers; nor do packers sell beef to consumers,” said Julie Anna Potts...

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Apr 27 1:00 PM, General News


Cattle Industry Opposition to Government Mandate Amplified Through Senate Hearing

The Senate Committee on Agriculture, Nutrition, and Forestry today held a hearing to discuss transparency and oversight within cattle marketing, specifically the Cattle Price Discovery and Transparency Act (S.4030) and additional oversight through the Office of the Special Investigator (S.3870). The hearing has been proceeded by months of debate over the need for increased transparency in cattle marketing, and today’s conversation highlighted the vehement opposition to government mandates by a majority of U.S. cattle producers.

“The majority of cattle producers have made it clear that..."

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Apr 27 8:43 AM, General News


NAMI to Senate Ag: Cattle Prices at Seven Year Highs; Reject Costly Grassley-Fischer Bill

With cattle prices at seven-year highs following record beef production in February and March as the packing sector recovers from COVID-related labor shortages and supply chain issues, the North American Meat Institute today urged members of the Senate Committee on Agriculture, Nutrition and Forestry to reject the Grassley-Fischer bill’s mandates and federal intrusion in the beef and cattle markets.

“Leading agricultural economists have determined Grassley-Fischer bill’s latest draft remains costly to producers, especially producers in Texas..."

 

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Apr 27 8:13 AM, General News


North American Meat Institute to House Agriculture Committee: Asked and Answered

The North American Meat Institute (Meat Institute) today issued the following statement regarding House Agriculture Committee Chairman David Scott’s announcement of an upcoming hearing on the beef industry and food prices:

“The Meat Institute and its members have already made themselves available to Chairman Scott and all Members of Congress on several occasions to help improve the understanding of the beef markets,” said Julie Anna Potts, President and CEO of the Meat Institute. “This hearing will be no different. The questions have been asked and answered...”

 

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Mar 22 8:27 AM, General News


Cattle Producers Welcome Contract Library Pilot Program

On Thursday, the Senate passed the Fiscal Year 2022 Omnibus Appropriations package. In addition to providing funding for a number of programs of importance to U.S. beef cattle producers, the bill also maintained key provisions the National Cattlemen’s Beef Association (NCBA) has long advocated for, such as the Electronic Logging Device exemption for livestock haulers, important EPA regulatory relief, and an extension of the Livestock Mandatory Reporting program. Also included in the package is a Cattle Contract Library pilot program, a critical tool as NCBA works to increase market transparency for cattle producers...

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Mar 14 9:06 AM, General News


NAMI: Congress Blocks Industry Input on Cattle Contract Library Pilot Program

The North American Meat Institute (Meat Institute) today said the Fiscal Year 2022 Omnibus Appropriations Bill creates a Cattle Contract Library pilot program requiring beef packers to report private business information to the government that will then be published, but blocks public comment on the Biden Administration’s proposed rules for the program.

“Congress and the Administration say they value transparency in the beef and cattle market yet they bury this rider without debate in a giant spending bill and direct USDA to create the pilot program without any feedback..."

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Mar 14 8:32 AM, General News


Cattle Producers Send WOTUS Letter to EPA

Today, the National Cattlemen’s Beef Association (NCBA) submitted a letter to the Environmental Protection Agency (EPA) on behalf of over 1,600 cattle producers from 44 states calling for a definition of “Waters of the United States” (WOTUS) that works for the cattle industry.

The letter is in response to a rule proposed by the Biden administration to repeal the Navigable Waters Protection Rule and implement new regulations on water features, including features commonly found on farms and ranches. The letter asks EPA Administrator Michael Regan to support a limited, clear definition...

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Feb 8 8:00 AM, General News


NCBA Member Testifies on Cattle Industry Sustainability

Today, NCBA member and rancher Kim Brackett testified before the U.S. House Agriculture Subcommittee on Livestock and Foreign Agriculture on the cattle industry’s leadership in sustainability and conservation practices.

"Cattle producers are America’s original conservationists, and we work hard every day to ensure that we can pass our operations on to the next generation,” Brackett said. “Our family, along with cattlemen and women from across the country, are committed to remaining environmentally, economically and socially sustainable for generations to come."

Specifically, Brackett pointed to the biodiversity benefits that come from ranchers’ land management...

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Feb 4 8:40 AM, General News


Industry and International Leaders Optimistic for the Future of U.S. Cattle and Beef Industry

Today, the National Cattlemen’s Beef Association (NCBA) welcomed Secretary of Agriculture Tom Vilsack, Under Secretary of Agriculture for Farm Production and Conservation Robert Bonnie, and British Ambassador Dame Karen Pierce to the 2022 Cattle Industry Convention and NCBA Trade Show.

“We appreciate the working relationship that our team has with both Secretary Vilsack and Under Secretary Bonnie. NCBA continues to build relationships with leaders at USDA to ensure that the U.S cattle industry is top of mind in policy decisions made in D.C., and the industry’s..."

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Feb 4 8:35 AM, General News


NCBA Releases 2022 Policy Priorities

During the 2022 Cattle Industry Convention and NCBA Trade Show, the executive committee of the National Cattlemen’s Beef Association (NCBA) approved the organization’s 2022 policy priorities with an emphasis on strengthening the economic, environmental and social sustainability of the cattle industry.

NCBA’s policy priorities include:
- Improving market leverage and opportunities through increased access to market data and risk management tools for producers.
- Securing the future of the beef industry by protecting crucial tax provisions, limiting regulatory burdens on farms and ranches, and leveling the playing field for producers.
- Boosting the resiliency of the beef...

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Feb 3 8:38 AM, General News


NCBA Responds to New York Times Op-Ed Misinformation

Statement from the National Cattlemen's Beef Association:

It is incredibly disappointing that media outlets like the New York Times continue to publish opinion pieces like today’s Meet the People Getting Paid to Kill Our Planet, which not only threaten the livelihoods of American farmers and ranchers, but are also riddled with misinformation and lacking in credible sources.

The National Cattlemen’s Beef Association’s (NCBA) primary goal is protecting the livelihoods of America’s cattle farmers and ranchers. It is our responsibility to ensure these men and women have the ability to pass their...

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Feb 2 8:28 AM, General News


North American Meat Institute: New York Times Gets it Wrong

The following is a statement released by the North American Meat Institute (Meat Institute):

The New York Times’ The Daily podcast’s examination of the beef and cattle markets is simply wrong.

The beef and cattle industry is a complex marvel of American ingenuity with innovations that have allowed the US beef industry to produce more meat with fewer cattle, while improving sustainability, food safety, affordability, worker safety and beef quality.

There are many steps in the beef value chain: cow calf operators, feeders, packers, processors, wholesalers, retailers, and food service...

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Jan 31 8:38 AM, General News


Award-Winning Speakers Headline 2022 Cattle Industry Convention

“Everything is bigger in Texas,” and that includes the speaker lineup for the 2022 Cattle Industry Convention & NCBA Trade Show to be held Feb. 1-3, in Houston. General session speakers will hit audiences hard with powerful messages that educate, motivate and inspire.

The convention will kick off on Feb. 1, with Buzz Brainard, host of Music Row Happy Hour, who will be back by popular demand as emcee during the general sessions. Brainard’s voice is well known on SiriusXM radio, Animal Planet and the Discovery Channel...

 

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Dec 13 1:42 PM, General News


ANALYSIS: Tightening Supplies Lift Cash Cattle Prices

Negotiating leverage in the spot market appears to be shifting from the packers to the cattle owners...

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Dec 1 10:05 AM, UB Newswires


North American Meat Institute: Grassley-Fischer Bill Ignores Economic Fundamentals

The North American Meat Institute today said a new Senate bill ignores the analysis of beef and cattle markets by the country’s leading agricultural economists and the bill’s mandated government intervention will have unintended consequences that will hurt livestock producers and consumers.

“Beef and cattle markets are dynamic. This fall prices cattle producers received for their livestock have risen without any government interference,” said Julie Anna Potts, President and CEO of the North American Meat Institute. “In a rush to do ‘something,’ this bill would replace the free market with..."

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Nov 11 8:00 AM, General News


Registration Now Open for Cattle Industry Convention in Houston

Registration is now open for the 2022 Cattle Industry Convention & NCBA Trade Show, which will be “Gone to Texas” in Houston, Feb. 1-3. The annual event draws thousands of cattlemen and women from across the country for education, entertainment and engagement.

“Everything is bigger in Texas,” and that holds true for the 2022 Convention. For the first time, there will be five general sessions packed with timely industry updates, inspirational speakers and important information that every producer can use. And the NCBA Trade Show will be the largest ever encompassing...

 

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Nov 4 8:00 AM, General News


North American Meat Institute Statement on Cattle Contract Library Act

The North American Meat Institute, a trade association for meat and poultry packers and processors of all sizes, today released the following statement regarding the Cattle Contract Library Act of 2021, H.R. 5609, which was marked up and reported out of the House Committee on Agriculture:

“Members of the Meat Institute are still analyzing the bill and how it might affect their operations,” said Julie Anna Potts, President and CEO of the Meat Institute. “More time is needed to consider how the bill will affect livestock producers..."

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Oct 25 8:00 AM, General News


NCBA Welcomes Cattle Contract Library Bill Amid Ongoing Push for Transparency

Today, the National Cattlemen's Beef Association (NCBA) welcomed the introduction of the Cattle Contract Library Act, led by Rep. Dusty Johnson (R-SD) and Rep. Henry Cuellar (D-TX).

The bipartisan bill would establish a cattle contract library within USDA's Agricultural Marketing Service (USDA-AMS), equipping cattle producers with the market data they need to make informed business decisions and exert greater leverage in negotiations with major meatpackers.

The cattle contract library is widely supported by industry groups and lawmakers on both sides of the aisle, and the...

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Oct 20 9:58 AM, General News


NCBA Vice President Urges Congress to Listen to Producers on Cattle Markets

Today, NCBA vice president and South Dakota rancher Todd Wilkinson testified before the U.S. House Agriculture Committee. Wilkinson addressed the need to avoid one-size-fits-all policy prescriptions, and the importance of considering nuanced policies that properly address transparency, processing capacity, price discovery and oversight in the cattle markets.

“As producers struggle to get by, large meatpackers have realized record-breaking windfall profits. These profits have not been shared equitability with cattle producers,” Wilkinson said. “Because the challenges facing our industry are..."

 

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Oct 11 8:00 AM, General News


NAMI Witness to House Ag Committee: Beef & Cattle Markets Driven by Supply & Demand

Following warnings about government intervention in beef and cattle markets from leading agricultural economists from around the country, François Léger, Owner and CEO of FPL Food, on behalf of the North American Meat Institute (Meat Institute) offered his perspective on the market as a beef packer and processor during the House Agriculture Committee’s hearing to “Review the State of the Livestock Industry.”

“The cattle and beef industry are driven by the supply and demand fundamentals of the free market, and the cattle industry is cyclical,” Léger said...

 

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Oct 8 7:52 AM, General News


REPORTER: U.S. Cattle Ranchers Battle Drought, Higher Feed Costs

This article was originally featured in the Fall 2021 Edition of Urner Barry's Reporter magazine.

The nation’s cattle feeders continue to navigate an uncertain and challenging environment in 2021. Ranchers are grappling with large supplies, persistent drought in the western half of the U.S., higher feed costs, and a sluggish cash cattle market.

Through July 20, USDA’s drought monitor reported that about 32% of the nation’s cattle inventory was located within an area experiencing drought. Due to poor pasture conditions and limited forage availability in areas of cattle country, some...

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Oct 6 8:54 AM, Urner Barry


New Texas A&M Report: Government Interference in Beef & Cattle Markets has Unintended Consequences

In response to a bipartisan request from the House Agriculture Committee, Texas A&M University has completed a comprehensive report on the U.S. cattle and beef markets written by leading economists across the country. Among its key findings is that proposals increasing government intervention and mandates will cost livestock producers billions of dollars.

“Thursday the House Agriculture Committee will hold the fourth Congressional hearing this year on beef and cattle markets. It is no surprise that the Texas A&M analysis reflects the expert testimony at..."

 

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Oct 6 8:42 AM, General News


Grand Island Fire Department Battles Blaze at JBS Beef Plant in Nebraska

On Sunday evening, a fire broke out at the rendering section of JBS’s beef plant in Grand Island, Nebraska. According to a recent tweet from the Grand Island Fire Department, fresh crews have been called to the scene to battle the blaze.

On a Facebook post, JBS stated, “As of this time fabrication and slaughter A and B shift will not be working September 13, 2021. We will...

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Sep 13 9:28 AM, UB Newswires


Beef Quarterly Q3 2021: Déjà Vu Argentina

In May this year, the Argentine government imposed a 30-day suspension on beef exports. After those 30 days, new limitations were placed on the volume and type of beef that could be exported. In our feature article, we look at what impact this will have on the Argentine beef industry and the global market.

Covid-19

Global confirmed case numbers began rising again in mid-June, after falling from a peak in late April. Numbers in Europe, the Eastern Mediterranean region, Africa, and the Western Pacific region have seen large rises. Food retail figures remain strong, and foodservice sales were still...

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Aug 26 8:26 AM, General News


ANALYSIS: Lackluster Cattle Slaughter, Tight Supplies Lift Boxed Beef Prices

For those monitoring cattle slaughter levels, there is a common takeaway that processing capacity has not yet recovered to pre-pandemic levels. Production and distribution challenges due to ongoing labor shortages may...

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Aug 12 8:35 AM, UB Newswires


Aug 11 8:30 AM, Urner Barry

VIDEO: Morning Market Roundup August 10

Urner Barry's reporters discuss cash hogs, UK beef, and US beef demand.

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USDA Adopts Market Transparency Policies Backed by NCBA

The U.S. Department of Agriculture-Agricultural Marketing Service (USDA-AMS) announced that it will begin publishing a National Daily Direct Formula Base Cattle report, which will provide greater information into the foundational prices used in cattle market formulas, grids, and contracts, and a National Weekly Cattle Net Price Distribution report, which will show the volume of cattle purchased at each different level of pricing within those formulas, grids, and contracts. NCBA has long urged USDA to adopt policies that increase transparency in the cattle markets and applauds this effort to provide producers greater insight into cattle transactions.

“USDA’s announcement is a significant step toward increasing transparency in the cattle markets,” said NCBA Vice President of Government Affairs Ethan Lane. “As Livestock Mandatory Reporting awaits...

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Aug 6 8:21 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.

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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...

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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.

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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...

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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...

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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...

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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...

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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...

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Jun 23 8:25 AM, General News


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...

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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...

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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...

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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...

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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...

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Jun 10 8:32 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...

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Jun 10 8:26 AM, UB Newswires


Jun 9 8:24 AM, Urner Barry

VIDEO: Morning Market Roundup June 8

Urner Barry's reporters discuss the poultry market plus the fallout from the JBS cyberattack.

Full Story »

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...

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Jun 8 8:35 AM, UB Newswires


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 »

FBI Attributes JBS Cyberattack to Russia-Linked Cyber Criminal REvil

JBS, the world’s largest meat processing company, is returning to normalized operations following a cyberattack over the weekend that affected its North American and Australian servers. 

On Tuesday evening, JBS released a press statement saying it had made “significant progress” in resolving the cyberattack and expected the “vast majority” of its plants to be operating on Wednesday. 

JBS is also a majority shareholder of Pilgrim’s Pride, a leading chicken producer. Pilgrim’s has operations in 14 U.S. states and can process...

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Jun 3 8:25 AM, UB Newswires


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...

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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


JBS Informs White House that Cyberattack is Likely from Russia

JBS informed the White House that the cyberattack on the company that impacted its cattle and hog plants in the United States yesterday likely originated from Russia. 

White House spokeswoman Karine Jean-Pierre said the FBI is investigating the attack and has contacted Russia’s government. Jean-Pierre explained, "the White House has offered assistance to JBS and our team at the Department of Agriculture have spoken to...

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Jun 2 8:20 AM, UB Newswires


Update: Some U.S. JBS Operations U.S. Affected by Cyberattack Today

JBS announced that they experienced a cyberattack over the weekend, forcing some shifts at its U.S. locations to be reduced or canceled altogether today. Industry sources report that JBS will not be operating any of its U.S. cattle plants today. This is expected to trim the day’s cattle slaughter by around 28,000 head from normal. 

On the hog side, three of JBS’s U.S. hog plants are said to be down today, while two are operating at reduced capacity. While it is difficult to gauge what today’s hog slaughter could be, the common consensus is in the area of 400,000 head or potentially less. Analysts note that this Saturday’s cattle and hog slaughter could be very large to make up for the downtime...

The duration and extent of processing plant disruptions at JBS's facilities due to the cyberattack is not yet known and will be monitored day-to-day. Adequate processing capacity for the current level of supply is already an issue for the livestock industry, especially on the cattle side.

Full Story »
Jun 1 12:41 PM, UB Newswires


Major Cyber Attack Impacts JBS' Global Operations

On Sunday, May 30, JBS USA announced that it was the target of a cyberattack. According to a media statement, “the company took immediate action, suspending all affected systems, notifying authorities and activating the company's global network of IT professionals and third-party experts to resolve the situation. The company’s backup servers were not affected, and it is actively working with an Incident Response firm to restore its systems as soon as possible.”

JBS media contact Nikki Richardson explained that a solution will take time and that transactions with customers and suppliers could be delayed. 

JBS Foods is the world’s largest beef and poultry producer and the second-largest global pork producer. The company has locations in the United States, Australia, Canada, United Kingdom, Mexico, Europe, and New Zealand...

Full Story »
Jun 1 8:25 AM, UB Newswires







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

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