What the GIPSA proposal will do for you…or to you

Change is never easy. If something has been in place for 7+ decades and everybody knows the rules and how to play by them, new rules are bound to create a ruckus. The mere suggestion of new GIPSA rules was enough to create a wave of palpitations. If it comes to pass, it will create a tsunami of legal suits. FULL STORY »

Schwieterman: Cash cattle climb to all-time highs

It was another strong week for commodities. There were new contract highs in live cattle, feeder cattle, hogs, cotton, silver, coffee, cocoa, corn, silver, palladium, and copper. The stock market also made new highs because it seems that money just needs somewhere to go. FULL STORY »

Congressmen press Vilsack on timeline for GIPSA economic analysis

During a House Agriculture Committee hearing yesterday on the state of the U.S. farm economy, two Democratic committee members questioned USDA Secretary Tom Vilsack about a timeline for completion of an economic analysis of the department’s controversial GIPSA proposed rule. FULL STORY »

Cattle feeding margins hold above $100, packer margins drop

Cattle feeding margins declined about $10 per head last week, while packer margins declined nearly $43 per head. Feeding margins held above the $100 per head mark, while packer margins remain in single digits. The Sterling Profit Quotient lost 41 points for the week, according to estimates developed by Sterling Marketing Inc., Vale, Ore. FULL STORY »

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. FULL STORY »

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. FULL STORY »

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. FULL STORY »

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. FULL STORY »

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. FULL STORY »

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. FULL STORY »

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. FULL STORY »

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