Fire erupts at Tyson Foods plant in Iowa
Officials say no injuries were reported in a fire at a Tyson Foods Inc. meatpacking plant in Council Bluffs. KETV-TV in Omaha, Neb., says firefighters found smoke pouring from the north side of the building when they arrived shortly after 1 a.m. on Monday. FULL STORY »
Commentary: And Then Some!!!
The market simply refuses to show any signs of retreat. Market action during the past several weeks has drawn widespread attention and commentary. As such, there’s not much reason to be redundant here. However, it’s always interesting to step back and take a broader view of current events. FULL STORY »
Tight meat supplies will continue to support higher cattle prices
The forecast for 2011 red meat and poultry production is raised from last month, reflecting increased production of beef, pork, broilers, and turkeys. Fed cattle slaughter will reflect expected strength in feedlot placements during early 2011 and relatively large dairy cow slaughter in the first part of 2011 will also contribute to higher beef production. FULL STORY »
Creekstone Farms recalls over 14,000 pounds of ground beef
Creekstone Farms Premium Beef, an Arkansas City, Kan., establishment, is recalling approximately 14,158 pounds of ground beef products that may be contaminated with E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today. FULL STORY »
Commentary: What the GIPSA Proposal will do for you…or to you, Part 2.
Change scares the American Meat Institute even as R-CALF embraces it. The AMI, looking at the entire industry, though, sees an uncertain future that R-CALF thinks is mission critical for the future success of the cattle industry. FULL STORY »
Nalivka says GIPSA would take away marketing opportunities for producers
John Nalivka, head of livestock consultant Sterling Marketing, says a proposed rule change for the USDA’s Grain Inspection, Packers and Stockyards Administration (GIPSA) would be a bad idea, taking away opportunities for beef and pork producers to get market premiums. The USDA is currently working on an economic analysis of the proposed rule. Nalivka spoke at the USDA’s annual Agricultural Outlook Forum Feb. 24-25 outside of Washington, D.C. FULL STORY »
Livestock Slaughter: Cattle slaughter and average weights increase
Beef production, at 2.12 billion pounds, was 2 percent above the previous year. Cattle slaughter totaled 2.74 million head, up 1 percent from January 2010. FULL STORY »
Cattle prices higher despite increased slaughter
Cash fed cattle prices continue to find steady to higher bids, despite increasing livestock slaughter. USDA Market News reported live sales $1 per hundredweight higher yesterday at $111.00 - $112.50. The bulk of the higher bids were recorded in Nebraska. Kansas sold cattle from $110.00 - $111.00, and Texas mostly at $111.00. FULL STORY »
Cattle feeding margins higher, packer margins drop
Cattle feeding margins improved more than $40 per head last week on higher cash prices, but packer margins declined more than $20 per head last week. Feeding margins neared the $50 per head profit level, while packer margins dipped well below the breakeven mark. FULL STORY »
$109 – really?
The article stating that fed-cattle trade developed this week at over $109 per hundredweight is incorrect. That price, and the numbers of cattle marketed, reflect late-Friday trade last week, after the USDA’s final National Cattle and Beef Summary for the week was issued. Substantial trade has yet to develop this week. FULL STORY »
Can high pressure technology make hamburger safer?
Hailing a patent-pending process for a new line of fresh hamburger patties as a "a natural option for food safety" and a "technological breakthrough," meat-industry giant Cargill has begun using a method of high-pressure processing to produce its newly introduced "Fressure" hamburgers for food-service customers. FULL STORY »
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