Latest News From Greg Henderson

Mistrial Declared in Arizona Rancher’s Murder Trial
Mistrial Declared in Arizona Rancher’s Murder Trial

A lone juror stood between rancher George Kelly and innocent. “It is what it is, and it will be what it will be. Let me go home, okay?”

Fire at National Beef Facility in Liberal, Kansas
Fire at National Beef Facility in Liberal, Kansas

Firefighters were dispatched to National Beef's 6,000-head per day facility in Liberal, Kansas, Wednesday evening.

irrigation blue sky
Ogallala Aquifer Summit 2024: Tackling Tough Water Issues

The Ogallala Aquifer Summit brings diverse stakeholders and policy makers together to collaborate on how best to manage the High Plains’ precious water resources into the future.

Trade Groups Criticize USDA’s Final P&SA Rule
Trade Groups Criticize USDA’s Final P&SA Rule

Meat and poultry industry trade groups were quick to criticize USDA's announcement of changes to the Packers and Stockyards Act claiming the changes add unnecessary regulations and costs.

Wildfire Battles Continue Over Weekend for Texas, Oklahoma
Wildfire Battles Continue Over Weekend for Texas, Oklahoma

After burning for more than six days, the Smokehouse Creek Fire in the Texas Panhandle and western Oklahoma was only 15% contained Sunday morning. Drifting sand now poses a threat to rural roads.

Wildfire Burns 71,000 Acres in Central Nebraska
Wildfire Burns 71,000 Acres in Central Nebraska

Nebraska officials say a mower ignited a wildfire that burned roughly 110 square miles of central Nebraska grasslands.

Smokehouse Creek Fire is Officially the Largest in Texas History
Smokehouse Creek Fire is Officially the Largest in Texas History

While the Smokehouse Creek Fire rapidly became the state's largest in history, four other wildfires are burning in the Texas and Oklahoma Panhandle area. (Additional images contained in story.)

Wildfires Raging in Texas, Oklahoma Panhandle Region Threaten Residents and Livestock
Wildfires Raging in Texas, Oklahoma Panhandle Region Threaten Residents and Livestock

Devastating wildfires are burning in the Texas and Oklahoma Panhandle region and the Smokehouse Creek Fire has already become the second largest in Texas history, consuming at least three-quarters of a million acres.

Judge Orders Wind Turbines Removed From Osage Nation
Judge Orders Wind Turbines Removed From Osage Nation

Removal of the 84 turbines erected beginning 10 years ago without a mining permit from the Osage Nation ends a long legal battle and will cost the developers $300 million.

Texas Rancher’s Property Rights Case to be Heard by U.S. Supreme Court
Texas Rancher’s Property Rights Case to be Heard by U.S. Supreme Court

After Texas renovated a highway, Richie DeVillier’s ranch experienced catastrophic flooding that destroyed his crops and killed his cattle. A seven-year legal battle ensued, which now heads to the Supreme Court.

Greg Henderson
Gov. Polis Releases Wolves in Covert Ceremony

The gray wolves relocated from Oregon to Colorado have a lengthy rap sheet. Maybe the secret reintroduction ceremony included a secret clemency grant from the Governor.

Profit Tracker: Cattle, Hog Margins Worst Since Summer 2020
Profit Tracker: Cattle, Hog Margins Worst Since Summer 2020

The Grinch is writing closeouts ahead of the holidays as cattle and hog profit margins tumble to their lowest point since the summer of 2020, just months into the COVID pandemic.

Activist Sentenced to Jail for Conspiracy and Trespassing
Activist Sentenced to Jail for Conspiracy and Trespassing

A California jury deliberated for six days before returning guilty verdicts of conspiracy and trespassing for DxE co-founder Wayne Hsiung. The jury deadlocked on a second conspiracy charge.

Another Antitrust Lawsuit Filed Against Big 4 Packers
Another Antitrust Lawsuit Filed Against Big 4 Packers

A large contract foodservice company claims the nation's largest beef packers conspired to fix prices and drive up profit margins from 2015 through 2021.

Father, Son Die in Northwest Iowa Farm Shooting
Father, Son Die in Northwest Iowa Farm Shooting

Authorities first became aware of the incident when a man called 911 reporting his son was shooting at him. Dispatchers also received a call that livestock were running loose and there was a fire on the property.

Greg Henderson
No, Beef Demand is Not Shrinking

Checkoff deniers would have you believe per capita consumption data indicate demand is in decline. That claim was debunked 25 years ago.

Profit Tracker: Margins Improve Slightly
Profit Tracker: Margins Improve Slightly

Cattle feeding margins improved modestly last week after cash bids rallied nearly $2 higher. Pork producer margins remain in red.

New Price-fixing Suit Aimed at Big 4 Beef Packers
New Price-fixing Suit Aimed at Big 4 Beef Packers

Price-fixing allegations were again levied against America's largest beef packing companies, this time by a group of small distributors.

Noise, Uncertainty Drag on Cattle Markets
Noise, Uncertainty Drag on Cattle Markets

Outside factors pressured cattle markets through most of the past week before futures and wholesale beef prices rebounded on Friday. Market fundamentals remain positive for cattle going forward.

Profit Tracker: Packers Reduce Harvest as Margin Woes Worsen
Profit Tracker: Packers Reduce Harvest as Margin Woes Worsen

Packers applied the brakes and cattle slaughter declined another 13,000 head last week and capacity utilization dipped 9%. Pork producer margins print $7 in the red.

Cash Cattle Softer as Futures Sink
Cash Cattle Softer as Futures Sink

Cattle futures posted weekly losses including a technically bearish weekly low close in December live cattle. Cash markets were weaker, but strong cash fundamental remain in place.

U.S. House Votes to Reject Attack on Checkoffs
U.S. House Votes to Reject Attack on Checkoffs

Members of the U.S. House of Representatives overwhelming rejected a proposal on Wednesday that would have barred USDA from operating commodity checkoff programs.

Packer Capacity
Packer Capacity

Eight beef packing projects are in various stages of completion that could add 10% to total industry capacity; is it needed? What potential headwinds might these ventures face?

Greg Henderson
12 Percent Claim is 100 Percent B.S.

Last week I learned I'm a 12-percenter, and if you're a Drovers reader it is likely you are a 12-percenter, too. That's not good, at least according to those who would regulate our dietary choices.

USDA_Sheep
Unrustled – Thieves Return 48 Sheep to Wyoming Ranch

Rancher doesn’t know whether it was rustler’s remorse or publicity that gave the bandits cold feet about trying to sell the sheep that prompted their return.

Ranchers' Price-fixing Suit Against Big 4 Packers Dismissed
Ranchers' Price-fixing Suit Against Big 4 Packers Dismissed

A federal judge in Minnesota dismissed the claims filed by a putative class of cattle ranchers in a long-running case that alleged an industry-wide scheme to fix prices.

Biden Designates New National Monument in Arizona
Biden Designates New National Monument in Arizona

President Joe Biden on Tuesday designated his fifth national monument in Arizona, an action embraced by Native American tribes in the area and opposed by mining companies and cattlemen.

Witness in Arizona Rancher Murder Case Served Prison Term for Smuggling Cannabis
Witness in Arizona Rancher Murder Case Served Prison Term for Smuggling Cannabis

The state's key witness in the trial of an Arizona rancher accused of killing a Mexican citizen trespassing on his property last January had previously served time in a federal prison for drug smuggling.

Standoff: Feedyards and Packers Dig In
Standoff: Feedyards and Packers Dig In

Cattle feeders held firm to higher asking prices and packers continued to wave lower bids with only a few cattle trading hands. Leverage remains in the feeder’s hand as packers must begin filling Labor Day orders soon.

Cash Cattle Higher as Herd Continues to Shrink
Cash Cattle Higher as Herd Continues to Shrink

Packers and cattle feeders spent the week in a standoff ahead of USDA's dual July reports that were bullish as expected, suggesting a 3% decline in cattle inventories and a 2% decline in cattle on feed inventories.

What Slump? Cattle Higher; Corn Too!
What Slump? Cattle Higher; Corn Too!

Generally, a good week for agriculture with cattle steady to stronger despite a significant rally in the corn market. Packers try to hide their hand, but without inventory they must pay up to keep plants running.

Cash Cattle Steady to Weaker, Feeders Rally
Cash Cattle Steady to Weaker, Feeders Rally

Feeder cattle got a boost from declining corn prices and wholesale beef prices moved lower ahead of next week's holiday-shortened schedule.

Which Are The Best BBQ Cities in America?
Which Are The Best BBQ Cities in America?

Which cities have the best barbeque? The answer depends on who you ask, and two recent rankings provide different results.

Ghost Manure Digesters Scheme Sends California Man to Prison
Ghost Manure Digesters Scheme Sends California Man to Prison

A California man has shown that ghost cattle are unnecessary to create a Ponzi scheme, just ghost manure. Or, at least, ghost manure digesters.

Cash Cattle Trade Lower, COF Down 3 Percent
Cash Cattle Trade Lower, COF Down 3 Percent

Negotiated cattle traded lower for the second consecutive week and the Cattle on Feed report surprised with a placement total significantly higher than expected.

Cell-Cultured Chicken Gains Final USDA Approval
Cell-Cultured Chicken Gains Final USDA Approval

Three California-based cultivated meat companies have received approval from USDA to begin producing and marketing lab-grown chicken.

Cash Cattle Rally Takes A Breather
Cash Cattle Rally Takes A Breather

Cash cattle prices retreated from the previous week's historic highs and a seasonal decline was to be expected. Analysts, however, believe another rally is brewing later in the season.

Walmart Beef Plant Tied to Investment in Sustainable Beef LLC
Walmart Beef Plant Tied to Investment in Sustainable Beef LLC

Set to open in 2025, the Olathe, Kan., plant will further Walmart’s commitment to creating an end-to-end Angus beef supply chain.

Cash Cattle: Another Week, Another Record Price
Cash Cattle: Another Week, Another Record Price

A significant rally in fed cattle over the past three weeks confirms the front-end supply of cattle remains extremely current and cattle feeders have been willing sellers driven by good profits and a strong basis.

Former USDA Animal Inspector Sentenced for Accepting Bribes
Former USDA Animal Inspector Sentenced for Accepting Bribes

While serving as an inspector at the southern U.S. border, a Laredo, Tex., man accepted bribes from Mexican cattle brokers to allow cattle to enter the country without proper quarantine or inspection.

New Home for Old Bridge on Wyoming Ranch
New Home for Old Bridge on Wyoming Ranch

A Wyoming ranch will repurpose a century-old bridge after transporting it 40 miles to its new home.

Cattle Markets Spike Higher in Post-Holiday Joyride
Cattle Markets Spike Higher in Post-Holiday Joyride

Packers were aggressive bidders in all regions as cash fed cattle markets made historic late-season moves higher in the holiday-shortened trading week.

Profit Tracker: Cattle Margins Top $400, Packers Red
Profit Tracker: Cattle Margins Top $400, Packers Red

Cattle feeders experience largest average profits in seven years as packer margins dip into the red.

Cash Cattle Steady to $2 Higher; COF Down 3%
Cash Cattle Steady to $2 Higher; COF Down 3%

Cash cattle traded steady to higher with futures prices trading higher for the week. Wholesale beef prices finished the week near steady.

Profit Tracker: Cattle Margins Steady, Pork Remains Red
Profit Tracker: Cattle Margins Steady, Pork Remains Red

Cattle feeders saw average profits of more than $300 per head last week while pork producers found average losses of about $13 per head.

House Subcommittee Hears Animal Ag ‘Stakeholder Priorities’
House Subcommittee Hears Animal Ag ‘Stakeholder Priorities’

U.S. House Agriculture's Subcommittee hearing on Wednesday provided an opportunity for animal agriculture stakeholders to detail their priorities they hope to achieve from lawmakers actions.

WSJ Challenges The “Big Meat Conspiracy Theory”
WSJ Challenges The “Big Meat Conspiracy Theory”

After Tyson Foods reports anemic first quarter sales and downgrades its forecast, The Wall Street Journal editors wrote, “This doesn’t look like an antitrust conspiracy or market oligopoly.”

Cash Cattle: North Steady, South $2 Lower
Cash Cattle: North Steady, South $2 Lower

Negotiated cash cattle prices declined for the fourth consecutive week in the South but held steady in Northern trades.

Cash Cattle Slip Another $1 to $2 Lower
Cash Cattle Slip Another $1 to $2 Lower

Negotiated cash cattle prices declined for the third consecutive week in a moderate to active trade. Wholesale beef prices also declined yet remain above seasonal averages.

Kentucky Cattle Scheme With 78,000 Ghost Cattle Unravels
Kentucky Cattle Scheme With 78,000 Ghost Cattle Unravels

A fraudulent cattle scheme allegedly orchestrated by a Kentucky cattleman has left investors and a financial institution reeling under a $100 million loss.