Industry Headlines

Monday Market Sentiment: Industry Leaders Predict A Slight Drop In Cash Cattle Prices

A survey of cattle-industry leaders suggests the average price for cash cattle will decrease 0.08 to $102.58 per cwt this week.

USMEF Statement On U.S.-Korea Free Trade Agreement

Friday's announcement by President Obama that negotiators for the United States and South Korea have reached consensus on their free trade agreement (FTA) is very welcome news for U.S. red meat producers, processors and exporters. The U.S. red meat industry will reap significant benefits under the FTA from the gradual elimination of duties on pork and beef exports to Korea.

Nebraska Man Denies Faking Cattle Inspection Reports

A former Nebraska cattle inspector has been ordered to stand trial on federal charges that he faked reports about mad cow disease.

Court documents filed in U.S. District Court in Omaha show 41-year-old Galen Niehues, of Cozad, pleaded not guilty Thursday to making false statements and mail fraud. A trial date was set for Feb. 7.

National Feeder Cattle Report: Tight Supplies Have Buyers Paying More Following Thanksgiving Weekend

Compared to last week’s light holiday offering, as most markets after Tuesday were closed in observance of Thanksgiving, many markets this week are compared to two weeks ago.

FY 2011 Ag Exports, Imports, & Trade Surplus Projected At Record Highs

Fiscal 2011 agricultural exports are forecast at a record $126.5 billion, up $13.5 billion from the August forecast and $17.8 billion above final 2010 exports. Exports are forecast to exceed the previous record set in 2008 by more than $11.5 billion. Sharply higher unit values for leading export commodities account for most of the forecast increase in value.

Jolley: Will We Finally Get A Modern Food Safety Bill?

The Senate took one baby step toward reforming food safety when it passed S. 510, the Food Safety Modernization Act, Tuesday morning. All that remains between food safety in the twenty-first century and the end of the mid twentieth century ‘scratch and sniff’ system is that governmental rarity – compromise.

Cattle Trade Update: $104 Sales In Texas

Trading is light in the Texas Panhandle at mid-day on good demand. Compared to last week, early live sales are trending 2.00 higher at 104.00.

Monday Market Sentiment: Industry Leaders Predict A Decrease In Cash Cattle Prices

A survey of cattle-industry leaders suggests the average price for cash cattle will decrease 0.50 to $100.47 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.

National Feeder Cattle Report: Higher Undertone

Compared to last week, feeder and stocker cattle prices were not fully tested on a very light pre-holiday offering as most marketing areas ceased operations after Tuesday in observance of Thanksgiving. However, a definite higher undertone was noted at the early-week auctions that were tested this past week. FULL STORY »

USDA Announces Intent To Establish Negotiated Rulemaking Committee For Changes To Livestock Mandatory Reporting

The U.S. Department of Agriculture’s Agricultural Marketing Service (AMS) today announced its intent to establish a Wholesale Pork Reporting Negotiated Rulemaking Committee. The Committee will be charged with developing proposed language to amend the Livestock Mandatory Reporting regulations to implement mandatory pork price reporting. The proposed language developed by the Committee will be published as a proposed rule in the Federal Register. FULL STORY »

Livestock Slaughter: Beef Production & Cattle Slaughter Decrease

Commercial red meat production for the United States totaled 4.27 billion pounds in October, down 3 percent from the 4.39 billion pounds produced in  October 2009.

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