According to the Des Moines Register, the Agriprocessors Inc. Kosher meat plant has been sold to a Canadian firm. The sale will include the payment of at least $8.5 million of the $21 million owed to credi- tors of Agriprocessors after the company filed bank- ruptcy.
The controversial climate bill, which is nearing a floor vote in the House of Repre- sentatives, gained traction last week after House Ag Committee Chairman Collin Peterson, D-MN, reached a compromise agreement with the bills sponsor, California Democrat Harry Waxman.
Over 400 members and guests were in attendance at the 142nd Annual Colorado Cattlemens (CCA) Convention and Trade Show in Grand Junction, CO, June 14-17. Cattlemen from across the state took time to reflect on the past and plan for the future over the three-day conference.
Cattle producers and industry leaders from across Montana and the nation gathered in Miles City, MT, June 10-14 to celebrate the 125th Anniversary of the Montana Stockgrowers Association (MSGA). Over 1,000 people participated in one or more of the events throughout the week.
Fed cattle markets started out softer last week with Corn Belt cattle feeders throwing in the towel on Wednesday after a break in live cattle futures. The early trade was light at $128-131 dressed with live trade at $80-81 in the region. There was some light trade in the southern tier at $81 although numbers were too light to call the trend for the week.
The USDA’s June 1, cattle on feed report showed that feedlots continue to carry fewer cattle than a year earlier as per-head losses continue to take their toll on the feeding sector. The erosion in demand has hampered efforts by feedlots to take advantage of tight supplies and resulted in ongoing losses for cattle feeders for most of the past year, despite some slight improvement in certain classes of cattle over the past few months.
The April 2, 2009, removal of the gray wolf from the federal Endangered Species List was a welcome event to western ranchers, especially those who have struggled with the costs of wolf predation. In Oregon, however, the federal delisting has done little to improve ranchers’ ability to protect their livestock.
The recent dairy cow buyout, made possible by Cooperatives Working Together (CWT), a dairy industry interest group developed by the National Dairy Producers Federation, has taken nearly 40,000 cows in western states out of production, but other economic factors, including extremely low milk prices, are also causing dairymen not selected for the buyout to send cows down the road.
The size and scope of the bovine tuberculosis (TB) quarantine in Nebraska was significantly expanded last week by the Nebraska Department of Agriculture (NDA) as the agency worked to trace cattle which may have had contact with an infected herd.
The Clean Water Restoration Act (CWRA), one of the most sweeping policy reform bills to come before the current Congress, went up for a vote in the Senate Environment and Public Works Committee last week where it passed by a vote of 12 members for and seven against.
Smithfield Foods reported a dismal set of quarterly earnings last week along with 2009 fiscal year earnings, emphasizing the downturn in the pork industry. The company reported its first net loss in 30 years: $190.3 million in the red for fiscal 2009, or $1.
A little water and an annual planting of the right grass seed can go a long way toward increasing the bottom line for cattle producers, especially if they are part of an irrigated pasture practice incorporating the latest technology and methods.
Beef recalls and other food safety events can put a poor light on the beef industry, not to mention its products and its animals. While great strides have been made to reduce pathogens at the post-harvest level, the opportunity for producers to influence pathogen levels has been limited.
When cattlemen put an asking price on a bull or a load of calves, they set it as high as they can reasonably hope for a sale. At an auction, the sale manager announces the target price before calling for bids. Grocers take a similar tack, but feedback is not as direct at the meat case.
Despite the prolonged slowdown in global economic activity and the initial wave of A-H1N1 Influenzarelated market reactions, exports of U.S. pork and beef held up reasonably well in the month of April. While pork plus pork variety meat exports declined by 10 percent in volume compared to April 2008, the drop in value was limited to about 4 percent.
There was just one championship title left for Ty Thompson to win in Livestock Marketing Associations (LMA) World Livestock Auctioneer Championship (WLAC)that of world champion. And thats the one he took home following the competition June 13 at the Fergus Falls Livestock Auction Market.
The beef trade press has done a tremendous job of polling and listening to bull buyers across the land. Seedstock producers have a much better idea of what will get them to nod their head at an auction than they did a decade ago. In 2003, The Western Livestock Journal.