Senators Rally for Stronger Meat Industry Regulations Amid Big Ag’s Growing Influence
TL;DR: Senators Jon Tester from Montana and Chuck Grassley from Iowa are rallying their fellow senators to reinforce meat industry regulations and counteract the influence of large agricultural corporations. In a letter, they highlight the pressing need to support the Packers and Stockyards Act amidst attempts to dilute it in the Fiscal Year 2024 Agriculture […]
JBS SA Postpones US Stock Market Debut Again
TL;DR: JBS SA, headquartered in Brazil and the parent entity of JBS USA based in Greeley, Colorado, has announced a postponement of its planned New York Stock Exchange listing for a second occasion. This adjustment, as reported by Bloomberg, suggests that the company’s debut on the American stock market is now expected to occur in […]
Dispute Over Shake Shack’s “Hormone-Free” Chicken Claim Escalates
TL;DR: Shake Shack Inc. is currently embroiled in a proxy fight centred around the validity of its “hormone-free” chicken marketing claim. The fast-casual chain has sought the Securities & Exchange Commission’s (SEC) approval to omit a shareholder proposal from its upcoming proxy statement, which questions the accuracy of its “hormone- and antibiotic-free” chicken sandwich claims. […]
Animal Protein Industry Unites Against EATS Act to Preserve State Welfare Laws
TL;DR: A coalition of key players in the animal protein sector, including prominent names like Whole Foods Market, Perdue, Pederson’s, duBreton, Niman Ranch, and ButcherBox, has taken a stand against the Ending Agricultural Trade Suppression (EATS) Act. This week, they addressed an open letter to the senior members of the U.S. Senate and House agriculture […]
Meat Market Trends: A Positive Start to 2024
TL;DR: In January 2024, consumers found a silver lining with the USDA forecasting a modest drop in grocery prices, despite the U.N. Food and Agriculture Organization noting the lowest food price index in three years. However, the shadow of rising labour and operational costs looms large, suggesting restaurant prices might continue their upward trajectory from […]
US Pork Exports Set to Surpass Chicken by 2033, Predicts USDA ERS
TL;DR: The USDA’s Economic Research Service (ERS) has released projections indicating a significant shift in the landscape of U.S. meat exports over the next decade. For the first time since 1976, pork exports are expected to overtake chicken, marking a historic change attributed to increasing overseas incomes and a slight decline in the real exchange […]
Colorado State University Introduces a New Sustainability Tool for the Beef Industry
TL;DR: In an effort to bolster sustainability within the beef sector, Colorado State University’s AgNext research collaborative has unveiled the Feed Additive Calculator Tool (FACT) for Beef. This innovative, open-access tool is designed to aid farmers, ranchers, and feeders in quantifying methane emissions from their operations and assessing the financial implications of incorporating methane-reducing feed […]
Margins for Beef and Pork Packers Narrow, Sterling Reports Indicate
TL;DR: In the latest reports from Sterling, both beef and pork packer margins experienced a downturn over the past week. The beef sector, in particular, felt the pinch as cash cattle prices rose by $3.50 per cwt, improving closeouts by $48 per head but still leaving losses at $6 per head. This uptick in cattle […]
Scientists Question the Validity of Meat-Reduction Advocacy
TL;DR: A new study published in the prestigious journal Nature on February 5th has sparked a debate over the scientific basis behind current pushes to cut down red meat consumption for the sake of both human health and the environment. Dr. Alice Stanton from the Royal College of Surgeons led the research, pinpointing significant flaws […]
Conecuh Sausage to Open $58 Million Facility in Alabama
TL;DR: Conecuh Sausage, a renowned Alabama-based processor of hickory-smoked sausages, has unveiled plans for a significant expansion with an investment of nearly $58 million. This investment is earmarked for the establishment of a second production facility located in Andalusia, Alabama. This strategic move is set to bolster the company’s production capabilities, creating 110 new jobs […]
