BEEF
Seeking to ease historic grocery inflation, the administration opens the doors to foreign beef, but the U.S. cattle industry says the move will hurt domestic herds. The announcement on Friday sent the futures markets lower.
From JBS Souderton’s $30 million value-added pivot to Tyson’s Nebraska shutdown, the processing sector is restructuring around high-efficiency plants, heavier carcasses and automated lines.
The reopening of the U.S.-Mexico border on Aug. 24 is expected to have a short-term impact on cattle markets, but analysts say the return of Mexican feeder cattle will not fundamentally change long-term supply.
Commodity markets are waiting for one key answer: Does the U.S. really have a deal with China? With only a $17 billion figure and few details, traders want proof through tariffs, export sales and purchases.
As fed cattle weights hit historic highs, a surplus of fat trim is creating an unprecedented need for lean blending beef, pushing cull cow values to new records.
As the federal government settles with Agri Stats over data-sharing, Acting Attorney General Todd Blanche and Secretary Brooke Rollins launch a high-stakes investigation into beef market concentration and potential price-fixing.
A 75-year low in U.S. inventory and restricted Mexican imports are tightening supplies. As grilling season nears, strong demand and record cash trades continue to propel the market despite geopolitical tensions.
Thousands of union workers at the JBS Greeley, Colo., plant went on strike Monday calling for higher wages, safer working conditions and respect on the job.