beef | Red River Farm Network

Price-Fixing Allegation

Published May 20, 2022

South Dakota Senator Mike Rounds and Massachusetts Senator Elizabeth Warren are asking the Federal Trade Commission to investigate beef companies for price fixing. CEOs from the four largest packers testified on Capitol Hill last month. Leadership from Cargill, Tyson Foods,…

U.S. and Japan Reach Deal on Beef Safeguard Triggers

Published March 24, 2022

Japan’s safeguard mechanism on U.S. beef has been changed, increasing market access for the United States. The U.S. Ambassador to Japan Rahm Emanuel said this is a win for American ranchers and Japanese consumers. The timeline for implementation is not…

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U.S. Beef Exports Skyrocket

Published March 18, 2022

Coming off a record-breaking performance in 2021, the USDA says U.S. beef exports went higher in January. That's an increase of 13 percent from one year ago. Beef export values increased 57 percent to more than $1 billion. Pork exports…

Latest News Markets Livestock

Cattle Prices Should Support Profitability, Says CattleFax

Published February 3, 2022

The last three years has been a time of liquidation for the cattle herd. CattleFax Vice President of Analysis Kevin Good expects liquidation to continue for another year. "Last year about one-third of the cow herd was exposed to drought…

JBS Settles Price Fixing Lawsuit

Published February 3, 2022

While not admitting liability, JBS SA agreed to pay $52.5 million to settle a beef price-fixing lawsuit. The allegations are JBS, Cargill, National Beef Packing and Tyson Foods conspired to limit slaughter volumes. This settlement still needs to be approved…

Drought Cuts into the Size of the Beef Herd

Published February 1, 2022

According to USDA’s cattle inventory report, the number of beef cows nationwide totals more than 30 million head. That’s the fewest beef cows since 2015. The decline of nearly 719,000 head is the largest year to year decline since 1996…

U.S. Beef Exports Set Record High in 2021

Published January 2, 2022

U.S. beef export demand set a record high in 2021 with nearly 2 billion pounds exported. The key markets were South Korea, Japan, and China. The cattle byproduct value also surged and was driven by the export market. Strong exports…

Latest News Markets Livestock

Quality Drives Beef Market

Published December 30, 2021

During the past six months, beef consumers have reinforced their preference for products at the top end of the market. Choice and prime wholesale prices have skyrocketed during the second half of 2021. The prime/select spread has averaged nearly $85…

Latest News Markets Livestock

“Very Good” Demand Expected for U.S. Animal Protein in 2022

Published December 30, 2021

Breaking that down demand by species, RaboResearch Food and Agribusiness Analyst Don Close says the poultry sector is in a position for modest growth, the pork sector may see choppy growth and the beef sector will do very well. COVID…

MN Beef Update

Published November 10, 2021

The Minnesota State Cattlemen's Association will be meeting ahead of the State Cattle Industry Convention to discuss resolutions for the year ahead. Association member Krist Wollum has more in the latest Minnesota Beef Update.

Articles tagged under: beef

Price-Fixing Allegation

U.S. and Japan Reach Deal on Beef Safeguard Triggers

U.S. Beef Exports Skyrocket

Cattle Prices Should Support Profitability, Says CattleFax

JBS Settles Price Fixing Lawsuit

Drought Cuts into the Size of the Beef Herd

U.S. Beef Exports Set Record High in 2021

Quality Drives Beef Market

“Very Good” Demand Expected for U.S. Animal Protein in 2022

MN Beef Update

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