Goldman Sachs: Cattle market will outperform hogs on tight supply

Cattle prices are poised to outperform the hog market over the next six months, potentially reaching all-time highs around $1.30 a pound, as feedlot inventories shrink and meat demand increases, according to Goldman Sachs Group. FULL STORY »

Cattle Outlook: August beef in cold storage, steer slaughter higher

USDA says that 0.8% fewer cattle were placed on feed this August than last. They report that August marketings of fed cattle were up 6.5%, in part due to one extra slaughter day. FULL STORY »

U.S. beef supplies climb as retailers prepare for hoilday demand

Pork supplies in U.S. freezers at the end of last month swelled nearly 14 percent over last year’s levels, according to a government report, a reflection of meatpackers’ stockpiling the meat to keep pace with robust exports. Beef supplies were up 11 percent. FULL STORY »

Cold storage survey: Further decline seen in pork inventories

Analysts expect the federal government to report a decline last month in the amount of pork held in the nation's warehouse freezers, while estimates for beef inventories vary. FULL STORY »

Tyson to pay $2.3M to settle sex discrimination charges

A Tyson Foods Inc. unit reached a settlement in a sex-discrimination case under which it will pay nearly $2.3 million to more than 1,650 female job applicants that were rejected for employment at four plants. FULL STORY »

Commentary: An exercise in futility

Once again, the notion that microbial testing is the pathway to ultimate food safety has reared its misguided head—courtesy of an activist senator who just can’t seem to grasp the facts. FULL STORY »

WASDE: 2011 beef production higher but weights lower due to heat stress

The 2011 forecast of total red meat and poultry production is raised reflecting higher beef production, but lower pork production. Continued large cow slaughter is expected to boost beef production. FULL STORY »

Tyson Foods worker sues union for threats and intimidation

A meat processing worker has filed federal charges against a local union and Tyson Foods, Inc. officials after union officials illegally threatened to retaliate against him for exercising his rights. FULL STORY »

Strong demand makes for strong pork, beef packer margins

In the past, record-high livestock prices such as we have seen this year usually meant that packers lost money by the boatload — but not so in 2011. Packer margins in both the beef and pork sectors have been exceptionally good for much of the year and have, on occasion, neared all-time record levels. FULL STORY »

MU FAPRI updates agricultural baseline ahead of congressional Farm Bill debates

Tight crop supplies and record farm prices dominate a midyear baseline update from the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri. FULL STORY »

Heavy placements of cattle on feed portend future beef production

The USDA's latest Livestock, Dairy and Poultry outlook reports that during the first half of 2011, net placements were 2 percent above placements for the first half of 2010 as drought has pushed cattle off pastures in many parts of the country, and most of these feeder cattle have gone into feedlots. FULL STORY »

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