LINCOLN, NE — The question of what is moral when it comes to animal pen sizes and other pig-production practices took center stage Tuesday with Supreme Court justices during oral arguments over California’s Proposition 12 in the National Pork Producers Council appeal against the State of California. Agriculture groups led by NPPC argued the Dormant […]
WASHINGTON, D.C. – August exports of U.S. pork topped year-ago totals for the first time in 2022, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports were slightly above last August’s large volume and again topped $1 billion in value, reaching this milestone in seven out of […]
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. – The latest combined U.S. and Canadian cattle and hogs looks supportive for cash business, having become tighter with drought in the cattle business and a cut in production by U.S. hog producers in efforts to improve their bottom line. According to the USDA and Statistics Canada, the combined cattle herd on July […]
WASHINGTON, D.C. – USDA released the World Agricultural Supply and Demand Estimates (WASDE) as well as Crop Production reports that lowered crop acreage, yield and overall production for corn and soybeans. USDA on Friday shaved corn production 146 million bushels to 14.35 billion bushels, but increased soybean production 25 million bushels to 4.53 billion bushels, […]
SIOUX FALLS, SD — A ballot question that could ban new meat processing plants in Sioux Falls is moving forward. The city council certified the language of the ballot question on Aug. 2 after the citizen-led ballot measure campaign committee, Smart Growth Sioux Falls,  turned in over 6,000 signatures, roughly five percent of registered voters. […]
WASHINGTON, D.C. – U.S. beef exports set new volume and value records in May, topping $1 billion for the fourth time this year, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). While pork exports were well below last year’s large totals, shipments were the largest of 2022 in […]
OMAHA, Neb. (AP) — Smithfield Foods will pay restaurants and caterers $42 million to settle a lawsuit that accused the giant meat producer of conspiring to inflate pork prices, which will likely only add to concerns about how the lack of competition in the industry affects meat prices. Lawyers began notifying companies affected by this […]
WASHINGTON, D.C. – The USDA’s 2022 commercial beef and pork production estimates are up from May, while the federally inspected poultry outlooks are down. Beef production is seen at 27.907 billion pounds, up 65 million on higher slaughter rates cancelling out lower average weights, with an average steer price of $140.10 per hundredweight, unchanged, and […]
INGLEWOOD, CA – In its inaugural Super Bowl Food Report, Wells Fargo & Company reports that the sports event celebrated across U.S. homes may see costs up 14 percent from 2021. Wells Fargo Chief Agricultural Economist Dr. Michael Swanson analyzed the impact of rising food prices on the typical Super Bowl spread and estimates costs […]