We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Privacy Terms and Cookie Policy
Shining Light on Farm & Food Policy for 20 Years.
Friday, August 16, 2024
An Agriculture Department survey reported a record high cattle inventory for the beginning of May, but feedlot placements are declining and could be showing the early days of a contraction in the cattle cycle.
The U.S. exported about $49.2 billion worth of ag commodities in the first quarter of 2022, a record for shipments in the first three months of a year and setting the pace for what could be an annual record, according to new data from USDA’s Foreign Agricultural Service.
Leaders of the nation’s largest beef packers denied accusations Wednesday that they had any agreement in place to suppress prices or competition for beef cattle throughout the country.
The U.S. and Japan have reached a deal that would make it less likely that the Japanese safeguard trigger will boost tariffs on U.S. beef, as it has done in the past.
The price consumers paid for groceries jumped 1.4% in February, helping to drive an overall increase in the Consumer Price Index of 7.9% over the past 12 months, the largest in 40 years, the Bureau of Labor Statistics reported Thursday.
Recent attention to the country’s meatpacking plants has illustrated that when the four dominant companies face disruptions to processing, smaller, independent operations don’t have adequate capacity to pick up the slack.
The ag sector and lawmakers aren’t letting up pressure for another trade deal with China, especially since China’s purchase agreement ended Dec. 31, but the Biden administration still has its focus squarely on the “phase one” deal that was struck during the Trump administration.
Tyson Foods, one of the country’s largest meat companies, is reporting net earnings per share of $2.87 for the latest quarter, up 48% for the same period a year earlier.
Grocery prices rose again in December, but some easing in beef and pork prices helped keep the increase below what it had been in the previous three months, according to the latest Consumer Price Index.
The Biden administration spent much of 2021 assessing the trade landscape left by the Trump administration, but the U.S. ag sector is looking for a new agenda in 2022 as uncertainties, concerns and opportunities lie ahead.