Senators Announce Plan to Improve Cattle Market Fairness

Oregon’s Ron Wyden and Montana’s Jon Tester announced this week they are working with Republican Senators Chuck Grassley of Iowa and Deb Fischer of Nebraska rolling out the Cattle Price Discovery and Transparency Act. The compromise cattle market bill is part of the effort to “to return fairness to the cattle marketplace dominated by four […]

Report: Government Interference In Cattle Markets Has Consequences

Texas A&M University has completed a comprehensive report on the U.S. cattle and beef markets in response to a bipartisan request from the House Agriculture Committee. Among its key findings is that proposals increasing government intervention and mandates will cost livestock producers billions of dollars. North American Meat Institute President and CEO Julie Anna Potts […]

USDA Transparency Effort Does Not Excite R-CALF

A new effort from USDA to bring transparency to cattle pricing is getting a lukewarm response from the industry, and some criticism. R-CALF USA CEO Bill Bullard said the problem is that large amounts of cattle taken out of the cash market that don’t contribute to price discovery. “USDA is using what limited authority it […]

Blach Anticipates Improved Prices for U.S. Cattle Industry

When it comes to the future of the Cattle industry, CattleFax CEO Randy Blach said there’s reason for optimism. “Prices are going to get higher next year, the year after, and probably all the way into 2024. So, we should see improved profitability for the industry in total, which is really needed. We need to […]

R-CALF Issues Rebuke on Call for Regional Cash Market Minimums

R-CALF USA recently sent a white paper to the Senate Agriculture Committee calling for mandating large packing plants to purchase at least 50% of their cattle needs from negotiated cash cattle markets. R-CALF USA says the white paper provides real-time evidence that varying minimum cash cattle purchase requirements region-to-region will allow major beef packers to […]

Lawmakers Debate How To Address Cattle Market Issues

More capacity, not more regulation, may be the direction Ag lawmakers take in dealing with cattle market concentration and wildly divergent cattle and beef prices. Senate Ag Chair Debbie Stabenow said dramatic differences of opinion were expected at last week’s hearing on the cause of high beef prices for major packers and low prices to […]

Senate Ag Scheduled Hearing on Cattle Markets

On Thursday, Senate Agriculture Committee Chair Debbie Stabenow announced a hearing titled “Examining Markets, Transparency, and Prices from Cattle Producer to Consumer.” The Michigan Democrat, along with the committee’s ranking Republican John Boozman of Arkansas, scheduled the hearing for Wednesday afternoon. Cattle market transparency is a priority for cattle producers as disruptions in the market, […]

R-CALF: Why Aren’t Beef Prices Following Cattle Prices

A bipartisan effort is underway in Washington D.C. to manage what some have called a food crisis when it comes to the prices livestock producers receive. R-CALF USA CEO Bill Bullard said consumers are paying rapidly higher prices at the store, but cattle prices are collapsing. “Beef prices should follow cattle prices and vice versa, […]

Jekanowski: Meat Sector Needs To Refocus

As restaurants and other parts of the food service sector begin to operate somewhat normally again. And that goes for all products to some extent, noted USDA Outlook Board Chairman, Mark Jekanowski, not just beef. Rewind the clock to just before the pandemic, restaurants, schools, and hotels open for normal business and then “The supply […]

Farm Credit Conditions Show Additional Strength

Agricultural credit conditions in the Tenth District of the Federal Reserve continued to strengthen in the first quarter of 2021. After a sharp rebound at the end of 2020, conditions in the broad agricultural economy continued to improve alongside additional increases in crop prices. Stronger profit potential for farm borrowers supported a second consecutive quarter […]