Sam Kane Beef Processing, the Corpus Christie, Tex., beef packer, has filed for Chapter 11 bankruptcy "to assure the fair treatment of our creditors and employees.”
While consumers have long preferred a highly marbled, juicy steak or roast from the rib and loin, the industry struggles to achieve much premium from Choice over Select on the lower priced cuts.
This Friday should have been the publication of USDA’s January Cattle on Feed report. The report will not be released due to the government shutdown.
A sale barn in South Dakota recently saw a larger than normal amount of cattle go through the auction ring and the influx is being attributed to the government shutdown.
Four women aid volunteers face prison time after their conviction for leaving food and water for undocumented migrants.
Profit margins for both cattle feeders and beef packers declined last week, with feeders maintaining a slight edge.
It is unlikely the NASS Cattle on Feed publication will be released even if the government opens next week. Those reports take time to survey, collect, compile and release and the backlog is mounting.