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 »

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 »

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 »

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 »

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 »

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 »

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 »

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%. FULL STORY »

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. FULL STORY »

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. FULL STORY »

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. FULL STORY »

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