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Tag Archives packers

Livestock, Markets, Reuters

Trump asks U.S. Justice Department to look into meat price disparities

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Reading Time: 2 minutes Washington | Reuters — U.S. President Donald Trump said on Wednesday he had urged the Justice Department to look into allegations that the meatpacking industry broke antitrust law because the price that slaughterhouses pay farmers for animals had dropped even as meat prices rose. “I’ve asked the Justice Department to look into it. … I’ve […] Read more
Beef Cattle, Livestock, Markets, Reuters

U.S. senators scrutinize meat packers’ profits during pandemic

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Reading Time: 2 minutes Chicago | Reuters — U.S. senators are calling for investigations of record profit margins for beef processors such as Tyson Foods and Cargill, after ranchers complained surging meat prices due to coronavirus hoarding did not translate into higher cattle prices. Futures prices for cattle have tumbled during the outbreak, worrying farmers as the U.S. economy […] Read more
Livestock, Markets, Reuters

U.S. livestock: Cattle limit up on beef demand, strong packer margins

Cash hog prices up, pork cutout down

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures settled up their expanded daily limit on Tuesday as traders continued to react to soaring profit margins for beef packers that should lift prices in the cash cattle market this week. Retail demand for meat has surged as fears of the COVID-19 coronavirus prompt consumers to stock […] Read more
Livestock, Markets, Reuters

As meat demand rises, processors raise pay for farmers, workers

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Reading Time: 2 minutes Chicago | Reuters –– North American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet surging demand from consumers unnerved by the spread of the new coronavirus. Companies such as Tyson Foods and Cargill want to ensure their slaughterhouses remain supplied with cattle […] Read more
Livestock

Meat packing sector needs federal inspectors

Shared staff, recalling recent retirees among options on table

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Reading Time: 2 minutes The federal government is working on ways it can maintain inspection staffing levels at federally-licensed meat packing plants. Speaking to media Saturday in Ottawa, Agriculture Minister Marie-Claude Bibeau addressed concerns surrounding the ability of the Canadian Food Inspection Agency (CFIA) to continue meat inspection work. The Reuters news service on Monday quoted two unnamed sources […] Read more
Livestock, Markets, Reuters

U.S. under pressure to keep slaughterhouses open

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Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture is seeking to reassure meat producers it will keep slaughterhouses staffed with federal inspectors as fears about potential shutdowns due to the COVID-19 coronavirus hammer livestock prices and fuel concerns about food supplies, meat industry groups said on Monday. Livestock markets have been hit hard as […] Read more
Finishers, Livestock, Markets

Klassen: Feeder market continues to soften

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Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded $3-$5 lower on average with some auctions down $5 to as much as $8. Alberta packers were buying fed cattle on a dressed basis at $258 delivered, down $15 from the April highs. Feeding margins have slid into negative territory quite rapidly and could be […] Read more

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