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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...
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.
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...
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...
VIDEO: Morning Market Roundup August 10
Urner Barry's reporters discuss cash hogs, UK beef, and US beef demand.
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...
VIDEO: Morning Market Roundup July 27
Urner Barry's reporters discuss the egg market, cold storage for chicken & poultry, plus cattle on feed.
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...
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.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
VIDEO: Morning Market Roundup June 8
Urner Barry's reporters discuss the poultry market plus the fallout from the JBS cyberattack.
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...
VIDEO: Morning Market Roundup June 2
Urner Barry's reporters discuss the JBS cyberattack, boneless chicken breasts, and cage-free egg inventory.
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...
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...
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.
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...
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...
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.
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...
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!
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...
CHART: Industry Expectations for Weekly Cattle Slaughter
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...
VIDEO: Morning Market Roundup May 4
Urner Barry's reporters discuss labor shortages in cattle, turkey, and chicken, plus a record high in eggs.
CHART: Industry Expectations for Weekly Cattle Slaughter
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...
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...
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...
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...
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...
CHART: Industry Expectations for Weekly Cattle Slaughter
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...
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...
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...
VIDEO: Morning Market Roundup March 30
Urner Barry's reporters discuss Cash Cattle, UB Beef Index, and Turkey Thighs and Breasts.
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...
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...
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...
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...
NCBA: Grassley Bill Not Solution Industry Needs
The National Cattlemen’s Beef Association (NCBA) issued a response to the introduction of legislation commonly referred to as “50/14,” led by Senator Chuck Grassley (R-IA) in the U.S. Senate.
“NCBA has and will continue to work alongside our affiliates, Congress, and USDA to increase price discovery and improve the business climate for producers across the country. However, simply put, Senator Grassley’s bill misses the mark. The industry – from leading livestock economists to NCBA state affiliates – agrees that any legislative solution to increased price discovery must account for the unique dynamics within...
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...
NCBA Secures Introduction of Bipartisan HAULS Act
The National Cattlemen’s Beef Association (NCBA) endorsed the Haulers of Agriculture and Livestock Safety (HAULS) Act of 2021. Introduced by Sen. Fischer (R-NE), Sen. Tester (D-MT), Sen. Wicker (R-MS), and Sen. Smith (D-MN), the bipartisan bill would deliver much-needed flexibility for livestock haulers.
“One year after COVID-19 began to disrupt daily life across the country, U.S. cattle producers continue to prove each day that they are committed to keeping grocery stores stocked with beef. Livestock haulers are a critical component of the beef supply chain and flexibility in livestock hauling regulations remains...
Cattlemen Support the Death Tax Repeal Act of 2021
The Death Tax Repeal Act of 2021 was introduced this week by U.S. Senator John Thune of South Dakota and U.S. Representatives Sanford Bishop (D-GA) and Jason Smith (R-MO). The National Cattlemen’s Beef Association (NCBA) issued the following statement in support of bipartisan legislation to repeal the federal estate tax, commonly referred to as the death tax.
“The estate tax disproportionately harms cattle producers because with few options to pay off tax liabilities, many farm and ranch families are forced to make tough choices at the time of death – and in worst case scenarios, must sell off land to meet their federal tax burden,” said NCBA President Jerry Bohn.
An estimated 2,000 acres of agricultural land is paved over, fragmented, or converted to uses that compromise agriculture each day in the United States. With more than 40 percent of farmland expected to transition in...
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...
NCBA Welcomes Discussion on Cattle Market Transparency Act
Senator Deb Fischer (R-NE) introduced the Cattle Market Transparency Act in the U.S. Senate. If enacted, this legislation would direct the Secretary of Agriculture and the Office of the Chief Economist at the U.S. Department of Agriculture (USDA) to establish regional mandatory minimums for negotiated trade of fed cattle. It would also direct USDA to establish a library of cattle formula contracts, amend the definition of “cattle committed” to expand the delivery window from seven to 14 days, and clarify confidentiality rules for administering Livestock Mandatory Reporting (LMR). Companion legislation has been introduced in the U.S. House by Congresswoman Vicky Hartzler (R-MO-4).
“Cattle producers continue to face serious obstacles when it comes to increasing profitability and gaining leverage in the marketplace,” said NCBA Vice President of Government Affairs Ethan Lane. “Leveling the playing field and putting more of the beef dollar in producer pockets remains...
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...
ANALYSIS: A Glance at End-January Pork and Beef Cold Storage Stocks
USDA monthly cold storage data released last week showed combined meat and poultry stocks held in the nation's freezer warehouses at the end of January at...
PODCAST: UK Beef Chats Episode 6
This week Mike Nesbitt and Jay Alletto shed light on the UK Beef Market. UK Schools opening, tight cattle supply against...
APHIS is Proposing to Classify Canada as Level One for Bovine Tuberculosis and Brucellosis
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) is proposing to classify Canada as Level One for bovine tuberculosis and brucellosis. This proposed recognition is based on evaluations we have prepared in connection with this action, which we are making available for review and comment.
The Government of Canada requested that APHIS evaluate and classify Canada for bovine tuberculosis and brucellosis. APHIS prepared two evaluations which conclude that Canada meets the conditions to be classified as Level One for both bovine tuberculosis and brucellosis, supporting adding Canada to the web-based list of Level One regions for bovine tuberculosis and the web-based list of Level One regions for...
PODCAST: UK Beef Chat Episode 5
This week Mike Nesbitt and Jay Alletto are joined by Joe Muldowney and Bill Smith to discuss the UK beef market. Topics include the tight cattle supply’s impact on price negotiation, social distancing at plants, and...
Extreme Winter Weather and Bitter Cold Disrupts Meat Processing Plants
Millions of Americans are currently under winter weather advisories as extreme weather continues to bring unprecedented low temperatures across parts of the southern Contiguous United States. Record cold temperatures, mainly in the South Central U.S., are expected today and can range between 35 to 45 degrees below normal, according to the National Weather Service. The Arctic air mass is forecast to modify on Wednesday with fewer record cold temperatures, but temperatures will still remain well below normal.
These dangerously low temperatures not seen in decades coupled with snow and ice have created treacherous situations for the central and southern parts of the country. In Texas, millions of power outages have resulted from...
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...
Urner Barry’s Consulting Division to Launch Egg Market Forecasting Report
US Foods Fall Scoop Designed to Help Operators Appeal to Gen Z and Millennial Diners
Urner Barry's Fall 2021 Reporter Issue Released; Read It Online For Free Now
Urner Barry Releases September Soy & Wheat Report
The Executive Conference is Back and Better Than Ever This Year—and There's Still Time to Register!
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