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Western South Dakota's Only Ranch Station
PIERRE, S.D. – The South Dakota Beef Industry Council is excited to announce Chef Rika Yukimasa’s visit to the United States for the American Beef Journey from July 23 to 27, 2023. Yukimasa, known for her NHK TV cooking show “Dining with the Chef,” will tour South Dakota beef farms, ranches, and key sectors, promoting […]
MIAMI, FL – The nation’s largest beef packers are facing a growing number of antitrust lawsuits alleging a conspiracy to fix prices, as five more complaints were filed in a federal court in Florida by several popular fast-food chains last week. At the end of November 2022, a federal court in Minnesota combined claims brought […]
WASHINGTON, D.C. – Several large retailers and wholesalers (including Sysco, US Foods, Kroger, Hy-Vee, Albertson, Associated Grocers, Subway, SuperValu, and Cheney Brothers) recently filed claims similar to those brought originally in April 2019 by R-CALF USA and National Farmers Union (NFU) against the Big 4 packers. Those claims are that the packers’ efforts to jointly […]
ST. ONGE, S.D – A planned beef processing cooperative is holding a meeting this evening (Oct. 26) at St. Onge Livestock to introduce its business plan to both cattle producers and non-producers with the end-goal to attract members. United Ranchers Co-op, Hot Springs, SD was organized in 2020, during a decline in live and fed […]
RAPID CITY, S.D. – As cold weather comes to the region, a natural gas utility expects consumer bills to be higher this winter. According to a natural price outlook issued by Montana-Dakota Utilities, customers could see a $30 per month increase over the 2021-22 season. That’s a total increase of about $150 for the average […]
SMITHFIELD, VA – Smithfield Foods Inc has agreed to pay $75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. Reuters reports that a preliminary settlement in the antitrust case was filed on Tuesday […]
WASHINGTON, D.C. – Concentration in the food and agricultural economy has accelerated at a rapid pace since the 1980s, and particularly since the Great Recession. In the past four decades, the top four beef packers have expanded their market share from 32 percent to 85 percent. This increased concentration, combined with anticompetitive practices by the […]
WASHINGTON, D.C. – U.S. consumer demand for retail meat remains exceptionally strong despite higher prices stemming from increased production costs and supply chain limitations. However, once the full effects of producer price inflation finally hit retail meat cases, consumer demand for meat will be tested again, according to a new report from CoBank’s Knowledge Exchange. […]
WASHINGTON, D.C. – U.S. President Joe Biden unveiled plans on Tuesday to extend the availability of higher biofuel blends of gasoline during the summer to curb soaring fuel costs and to cut reliance on foreign energy sources. The move, announced during a trip to an Iowa ethanol plant, (Iowa is the largest ethanol producer in […]
