A band of senators from the Midwest and northern Plains, with the best chance in years to inject transparency into the consolidated cattle market, pressed on Tuesday for a federal mandate for meatpackers to buy more cattle for cash, rather than through obscure formulas. "We need some sunlight," said Montana Sen. Jon Tester.
For many, the overriding image of agriculture in the Amazon is one of environmental destruction. About 80 percent of deforestation in the region has been attributed to cattle ranching, tainting beef exports. But Brazil’s beef industry hopes to tempt buyers back to the Amazon region, which …
In order to increase market transparency, four senators said on Tuesday they would file legislation to require meatpackers to buy a portion of their slaughter cattle on the cash market. The bill also would create a contract library that discloses the purchase terms that packers offer for cattle, so producers might know if a fair price is being offered.
Pulled by strong meat prices, September food prices were 4.6 percent higher than a year ago, said the Labor Department on Wednesday. The monthly Consumer Price Index report said the annual U.S. inflation rate was 5.4 percent in September, compared with 5.3 percent in the preceding month.
With four companies dominating the meat industry, Congress and federal regulators must intervene to assure that livestock farmers get a fair price from processors or “if need be, bust them up,” the president of the National Farmers Union said at a Senate hearing on Wednesday. It was the …
President Biden will meet President Vladimir Putin as planned on June 16 "as a vital part of defending America's interests," said a White House spokeswoman on Tuesday after holding Russia culpable for the ransomware attack on meatpacker JBS. "The White House is engaging directly with the Russian government on this matter and delivering the message that responsible states do not harbor ransomware criminals."
For the first six months of the year, exports of American beef tumbled by 15 percent, probably due to Covid-19 turmoil, while pork exports soared by 28 percent compared to 2019 levels, said the USDA on Tuesday. Large shipments to China were the primary factor in the surge in pork shipments, …
Grocery prices climbed by 5.6 percent, their largest 12-month increase since December 2011, although the U.S. inflation rate is a mild 0.6 percent, said the Labor Department on Tuesday. Beef prices skyrocketed by 25 percent, with most of the increase in the past three months when coronavirus …
Beef exports were the smallest in 10 years during May and pork exports were the lowest in seven months, "due in part to interruptions in slaughter and processing," said the U.S. Meat Export Federation. Chief executive Dan Halstrom said the global economic slowdown and stay-at-home orders in some Western Hemisphere nations also were factors. (No paywall)
After years of failed attempts to draw attention to market concentration in the meat sector, farmers are cautiously optimistic about federal investigations into alleged antitrust violations in the chicken and beef industries. And grand jury indictments of four chicken industry executives could be a sign of more antitrust action to come, says a former attorney at the Department of Justice. (No paywall)
new FERN investigation, published Friday in collaboration with Mother Jones, reporters Esther Honig and Ted Genoways tell the stories of workers in America's meatpacking plants who are facing high rates of Covid-19 — and of the industry's chilling disregard for its workforce. (No paywall)
Agriculture Secretary Sonny Perdue should tap “USDA’s bank,” a Depression-era agency with easy access to billions of dollars, to bail out cattle ranchers hit by sharp declines in beef prices as Covid-19 mounts, said ranch activists on Monday. Senate Democratic Leader Chuck …
Cattle outnumber people 40 to one in Deaf Smith County in the Texas Panhandle, giving the county seat of Hereford its title as the "beef capital of the world." But the area is also a hotspot of citizen complaints about manure dust storms created when fierce winds hit feedlots housing tens of thousands of animals, according to FERN's latest story, written by Chris Collins and produced in collaboration with The Texas Observer and Midwest Center for Investigative Reporting.(No paywall)
Last month, the nation’s fourth-largest beef packer, National Beef, announced plans to take over Sysco-owned Iowa Premium, a regional packer focused on processing Black Angus steers for the Upper Midwest. National Beef is majority-owned by the Brazilian firm Marfrig. (No paywall)
Just south of the Oregon border in Macdoel, California, the Prather Ranch has made a successful business not just selling top quality beef — but parts for the medical industry. "The hides are used to make purified collagen used in cell research. And the bones? Some have been made into screws for knee surgery," reports Lisa Morehouse in FERN's latest story, produced in collaboration with KQED's The California Report.
Texas Tech professor Mindy Brashears, President Trump’s nominee for agriculture undersecretary for food safety, collected $100,000 as an expert witness for Beef Products Inc. in its defamation lawsuit against ABC-TV last year.
Cattle prices are stronger than expected this year but they they are likely to run below 2017 levels, with the result that retail beef prices rise modestly, at most, said the monthly Food Price Outlook. The United States is headed for the third year in a row of lower than average food inflation - 0.5 percent compared to the 20-year average of 2.1 percent annually.
A new Michigan State University study offers a ray of hope to America’s climate-concerned, burger eaters. Raised the right way, the study says grass-fed beef could be a part of a carbon-neutral—or even carbon-negative—diet. The study was led by professors Paige Stanley and Jason Rowntree and published in the journal Agricultural Systems.