Marketing

Cattlemen Press for USDA Oversight at Public Meeting on Lab-Grown Fake Meat

Danielle Beck, director of government affairs for the National Cattlemen’s Beef Association, used remarks at a public meeting to advocate for U.S. Department of Agriculture (USDA) oversight of lab-grown fake meat products. Hosted by the Food and Drug Administration (FDA), the stated goal of the public meeting was to provide interested parties and the public with an opportunity to comment on the technology and regulations related…

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BeefTalk: Age and Source Verification Revisited

By Kris Ringwall, Beef Specialist, NDSU Extension Service Ten years (as of November) have passed since the Dickinson Research Extension Center summarized research on tagging calves for improved market traceability, and the subject remains relevant today. In the last decade, trading beef was, and still is, a complex pattern of pathways that involves many steps. Although selling cattle has been fairly simple throughout history, more recent…

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US Hog Numbers Continue Higher

By : Livestock Marketing Information Center The Quarterly Hogs and Pigs report by USDA’s National Agricultural Statistics Service (NASS) was released On March 30th. As of March 1, the NASS survey said the national breeding herd was 1.5% above a year ago. Six out of the last seven years have posted breeding herd growth. The number of market hogs was record large at 64.9 million head…

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The Markets

By: Katelyn McCullock, Economist American Farm Bureau Federation Choice boxed beef continued its climb for the 4 week in a row, and increasing the choice select spread by another $1.41. Montana and Nebraska feeder prices increased last week up, while Oklahoma feeders slipped just below the previous week.  Across all three feeder markets, prices are down about 20% compared to a year ago.  The 5 area…

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In Korea, Costco To Sell 100% U.S. Beef

The U.S. Meat Export Federation (USMEF) announced that Costco Wholesale Corp. (COST), on February 13, began transitioning the chilled beef it sells in South Korea from the Australian variety to 100% U.S. beef product. Costco’s decision to offer 100% chilled U.S. beef comes after years of efforts from the USMEF to convince stores that U.S. beef will sell just as much, or even possibly more, than…

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