Beef - General
China has agreed to resume imports of Brazilian beef following more than three months of suspension due to two atypical cases of Bovine Spongiform Encephalopathy (BSE) were discovered in Brazil.
Economic advisors to the White House suggested Friday that America’s large meat packers have used their market power to drive up consumer prices while underpaying farmers resulting in a huge jump in net profits.
Attorneys in the massive chicken antitrust price-fixing class action lawsuits have been granted more than $100 million in legal fees by a U.S. District Judge in the Northern District of Illinois.
As families gather to give thanks this year, Farm Journal shares stories of grit and gratitude. From surviving a raging wildfire to a mail carrier who saved a rancher’s life, each show resilience of rural America.
Hurricane Ida ravaged Louisiana agriculture this fall. The hurricane brought as much as two feet of rain in some areas, as producers grappled with losses and aftermath as those in surrounding states stepped into help.
After John Moody was ran over by his tractor in March, USPS mail carrier Allen Dix made a life-saving delivery that went above and beyond his job. Dix received the USPS Hero Award for his remarkable rural route rescue.
Inflation is effecting consumers across the country. And as Americans prepare to gather for Thanksgiving this year, it will cost most Americans more than it did last year, but not the highest price ever.
Market dynamics and consumer shifts support U.S. beef.
Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.
Inflation levels are now at levels the U.S. hasn’t seen in three decades. The latest Consumer Price Index (CPI) showed a 6.2% spike over the past 12 months, the largest increase since 1990. Beef prices are up 20%.