Nevil Speer, MMP: Margins and markets
February opened business with the beef complex, like many other industries, playing catch-up because of the massive winter storm. Packers scurried to normalize business operations in order to refill the supply pipeline ahead of consumers emerging from their storm-induced hibernation.
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Republicans oppose meatpacking industry reforms
The Obama administration's effort to overhaul antitrust rules for the meatpacking industry with the toughest regulations since the Packers and Stockyards Act was passed 90 years ago has run into strong opposition from Republicans.
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Cattle feeding margins improve, packer margins decline
Cattle feeding margins increased about $15 per head last week, while packer margins declined $7 per head. Feeding margins jumped back above $100 per head, and packer margins remain above $50 per head. The Sterling Profit Quotient gained 43 points for the week, according to estimates developed by Sterling Marketing Inc., Vale, Ore.
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Beef export forecast is raised, higher cattle prices on tight supplies
The estimates of 2010 red meat and poultry production are adjusted from last month to reflect December production estimates. The production forecasts for 2011 are raised for beef, broilers, and turkey, but lowered for pork. Cattle placements during December were large and will result in higher-than-previously forecast slaughter in id-2011.
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Monday Market Sentiment: Industry leaders predict lower cash cattle prices this week
A survey of cattle-industry leaders suggests the average price for cash cattle will decrease $0.11 to $105.78 per cwt this week.
The Monday Market Sentiment is a forecast of the upcoming weekly cash trade (5-Area weighted average price) prices reported by the USDA.
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Study finds no connection between processed red meat and increased risk of bladder cancer
A look at the diets of more than half a million people shows no link between eating fresh or processed red meat and increased risks of bladder cancer, according to a recent study.
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National Beef announces management appointments
National Beef Packing Company, LLC (National Beef) CEO and President Tim Klein today announced a slate of management appointments, saying “We have a succession plan in place which includes the continued development of our management staff to fulfill the leadership needs of an ever changing and growing company.
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More cattle placed on feed than expected
USDA reported that cattle placed on feed in December 2010 were above 2009 placements in this month’s Cattle on Feed report, released Friday afternoon. Analysts had expected placements in feedlots to be 13.7% higher than 2009 and the 1.795 million head placed were actually up 16.1%.
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More evidence of non-O157 STEC in ground beef
Tests conducted on commercial ground beef identified disease-causing E. coli that could be considered significant food safety threats, according to the authors of a new study.
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Monday Market Sentiment: industry leaders expect lower cash cattle prices this Week
A survey of cattle-industry leaders suggests the average price for cash cattle will decrease $0.42 to $105.43 per cwt this week.
The Monday Market Sentiment is a forecast of the upcoming weekly cash trade (5-Area weighted average price) prices reported by the USDA. This week prices decreased for the first time in the past four weeks. Last week the USDA announced that cash trade for the week ending January 23rd was 105.85, a 24 percent increase from a year earlier.
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Cargill Grant to Help Kansas State University Develop Feed Safety Research Center
Cargill today announced a partnership with Kansas State University (KSU) for the construction of the Cargill Center for Feed Safety Research.
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- Corn futures relapse in wake of Wednesday's rally
- Commentary: Kiwi controversy
- Cattle Markets: Cattle prices up with seasonal rates
- NASA backs 3D food printer to feed growing population
- Some South Dakota livestock auctions entering the digital world
- Wet U.S. Midwest sections may lead to fewer corn acres
- Former Eastern Livestock CEO, CFO sentenced for federal crimes
- Post-tornado composting a solution for disposal of dead livestock
- Michigan hay buyers should plan purchases early
- Seven jobs more dangerous than farming
- New animal identification rules aid disease traceability
- More beef cows in worst drought regions than a year ago
