Beef - General
CattleFax says beef prices are near record high, while consumer and wholesale beef demand hit 30-year highs. While drought remains a concern, strong demand combined with higher prices are signaling an optimistic future
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A Senate hearing on Capitol Hill this week focused on “beefing up the supply chain,” but it was the prices paid to producers also in focus, as Senators pressed on everything from price discovery to transparency.
Competition in the meat sector was a focus on Capitol Hill Wednesday. The same day of the House Ag Committee’s hearing, the Senate Judiciary Committee put the meatpacking industry in the hot seat with calls for change.
As farmers in the West experience record-breaking heat, the continued extreme drought conditions are also taking a toll on growers, crops and livestock, with pasture and range conditions worsening.
AgDay’s Clinton Griffiths reports that evaporation has increased the salinity in stock dams in South Dakota, some to lethal levels for livestock.
After months of negotiations, President Biden and announced Thursday a deal was reached on an infrastructure spending plan. The news came after a meeting with a bipartisan group of senators Thursday.
The White House says President Joe Biden will address cyber attacks with Russia at a meeting later this month and won’t take any options off the table when responding to the recent cyberattack on meat producer JBS.
The cattle industry’s unprecedented meeting was centered around meat packing margins and claims of market monopoly. The meeting among the six groups is now drawing a response from the meat packing industry.
Calls for change came to a head this month, as cattle groups held an industry-wide meeting made history. And the groups say the first meeting is just the start.