Japan ag output to decline under trade pact with U.S.
Japanese beef producers will be hit the hardest by their nation's agreement to reduce tariffs on U.S. food and agriculture products, according to an estimate by the government in Tokyo. The package calls for Japan to reduce or eliminate tariffs on $7.4 billion worth of U.S. ag exports beginning on Jan. 1.
Court documents show beef checkoff sends millions to cattle lobby
Newly released documents in a lawsuit between a group of independent Montana cattle ranchers and the USDA show that millions of dollars from an industry marketing fund are being diverted to the top cattle lobby, which some ranchers have long claimed misappropriates those funds for political use. The case could reshape how the beef checkoff, as the marketing program is called, is administered.(No paywall)
JBS, under fire for taking Trump’s tariff bailout, is accused of polluting a Colorado river
In a new lawsuit, environmental advocates say a Colorado beef-packing plant owned by JBS has been dumping polluted wastewater into a river for years. The suit comes as the Brazilian company is under fire for taking millions in President Trump's tariff bailout payments. (No paywall)
Ranchers suit claims packers conspired to deflate beef prices
Last week, several Midwestern feedlot owners along with the Ranchers-Cattlemen Action Legal Fund (R-CALF) filed a class-action lawsuit alleging that dominant meatpackers conspired to depress cattle prices starting in 2015. The case argues that JBS, Tyson, Cargill, and National Beef strategically cut back on open market cattle bids, closed plants, and imported costly foreign cattle in order to force farmers to accept lower prices and manipulate spot market cattle values.(No paywall)
Cattle expansion slows in its fifth year
An expansionary phase in the U.S. cattle inventory, dating from 2014, is slowing, say USDA analysts, pointing to a financial pinch on the cow-calf ranchers who start the beef production cycle.
Memphis Meats will start small when it gets regulatory green light
Chief executive Uma Valeti says Memphis Meats, the self-declared leader in a worldwide race to develop cell-based meat, "will be ready to go to market tomorrow," albeit on a small scale, once the U.S. regulatory framework is in place. "Selling even the first plate of meat to a consumer is a big deal," said Valeti.
Tyson to buy fast-food supplier Keystone Foods in $2-billion deal
Tyson, the largest U.S. meat company, will buy Keystone Foods for $2.16 billion. Keystone's prior owner, Marfrig Global Foods, announced the brand was up for sale earlier this year. The deal will face regulatory review in at least the U.S. and China.
USDA pilot program will test remote grading of beef carcasses
The USDA is launching a pilot program that will grade cattle carcasses by using images submitted electronically by small meatpackers rather than sending an inspector to the plant, Agriculture Secretary Tom Vilsack will announce on Friday. The Remote Grading Pilot for Beef is intended to reduce costs for small packers while giving them an opportunity to increase the value of the meat they produce.