The U.S. dairy industry may be poised for possible expansion. But there may be some factors that could hinder any ideas of this. Rusty Halvorson has the story. Shawn Hackett of Hackett Financial Advisors says there are some uncertainties – like the current avian influenza situation. “It’s now expanded into California, and we’ve had buyers get very fearful about future …
AVMA Anticipates No Dire Shortage of Veterinarians
A recent analysis of the drivers of supply and demand for veterinary services shows that the number of graduates from existing veterinary colleges is likely enough to meet demand through 2035. The conclusion comes after a study commissioned by the American Veterinary Medicine Association (AVMA). The projections in this analysis do not justify a conclusion of overall excess capacity or a capacity …
USDA Releases Interim Report on Meat Industry Practices
The U.S. Department of Agriculture (USDA) has released its Interim Report: Competition and Fair Practices in Meat Merchandising. The report aims to assess how retail concentration and business practices affect competition in the food sector, with a focus on the meat industry—especially beef. This report follows President Biden’s 2021 Executive Order No. 14036, which directed federal agencies to promote fair …
NCBA Releases Findings from Cattle Producer Tax Survey
The National Cattlemen’s Beef Association (NCBA) released a report analyzing data collected in a nationwide tax survey of America’s cattle producers. With the 2017 Tax Cuts and Jobs Act set to expire at the end of 2025, NCBA collected this survey data to better understand how key tax provisions, such as Death Tax relief and business deductions, impact family-owned cattle …
McDonald’s Sues Meatpackers for Collusion
McDonald’s has filed a lawsuit against Tyson Foods, JBS, and other major meat packing companies. The fast food chain is accusing the packers of colluding for years to limit beef supplies. The suit says that the collusion allowed the companies to boost their profits while forcing McDonald’s to pay inflated prices for their meat supplies. McDonald’s says the companies conspired …
Students Encouraged to Apply for CME Group Beef Industry Scholarships
The National Cattlemen’s Foundation is now accepting applications for the 2025 CME Group Beef Industry Scholarship. Rusty Halvorson has more details. This scholarship is designed for students pursuing careers in the beef industry. Ten students will each receive a $1,500 scholarship to help support their education. The CME Group Beef Industry Scholarship, first introduced in 1989, aims to encourage talented …
August Pork Exports Above Year-Ago; Beef Exports Lower
Fueled by another outstanding performance from Mexico, August exports of U.S. pork increased year-over-year, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). U.S. beef exports were below year-ago levels in August. Rusty Halvorson has more details. August pork exports totaled 238,989 metric tons (mt), up 6% from a year ago but the second …
Georgia Beef Board Wraps up Fair, Prepares for Another Promotion
The Georgia Beef Board (GBB) staff has been busy with various activities, with one of those just wrapping up this past weekend. GBB Executive Vice President Dale Sandlin talks about the Georgia National Fair, and how things went there in promoting beef and then has a preview of an upcoming promotion. Sponsored ContentFlorida Cattle Enhancement Board Plays Major Role In Applied Beef …
Animal Disease Traceability Rule Coming in November
The U.S. cattle industry will have a new level of disease protection next month when USDA’s enhanced Animal Disease Traceability rule takes effect. Rapid response to an animal disease outbreak is the aim of the new USDA traceability rule, with its visual checks and electronic tags to track most breeding cattle crossing state lines. Former National Cattlemen’s Beef Association president …
Weekly Livestock Market Report Week Ending 10-11-2024
Here are the weekly livestock market reports for Alabama, Florida, and Georgia, for the week ended October 11, 2024, compiled by the Livestock Market News Service for all three states. AL Livestock Market Report: At Alabama Livestock Auctions, for the week ended October 11, 2024, receipts at 16 markets totaled 10,204 head compared to 13,059 last week and 15,979 last …