Tag: livestock industry
Livestock: How Has COVID Changed the Industry? – DTN Apr 6, 2021
Lee Reichmuth, who runs a cattle feedyard near Lindsay, Nebraska, recalls a year ago seeing “records broken” in cattle markets, such as boxed beef price moving from a little more […]
Ag Economy: Farmers Face Increasing Financial Pressure from COVID-19 – DTN Aug 7, 2020
As agriculture continues to grapple with the fallout from the COVID-19 economic shutdown, recent reports suggest the industry will see financial pressure for the remainder of 2020. The number of […]
COVID-19: Tyson Discloses Extra Costs Triggered By Pandemic – DTN Aug 5, 2020
Tyson Foods saw its third-quarter net income fall because of COVID-19 as the company reported $340 million in related costs tied to the coronavirus. But Tyson still beat analysts’ expectations […]
Meat Packing Concentration – Advantages and Disadvantages May 28, 2020
Five weeks ago, when the first wave of panic over the impact of COVID-19 hit grocery stores, consumers quickly emptied out the meat sections of grocery stores—especially hamburger and chicken. […]
COVID-19 Impacts on Livestock Markets Persist; Fed Says Ag Sector “Under Severe Stress” May 26, 2020
Recent news articles continue to highlight the ripple effects COVID-19 is having on some aspects of the U.S. livestock market. Meanwhile, the minutes from the Fed’s April meeting noted that, “The agricultural […]
COVID-19 Roils Ag Markets- Impacts on Income, Food Prices, Production May 13, 2020
Washington Post writers David J. Lynch, Annie Gowen and Laura Reiley reported this week that, “President Trump promised this year to deliver a financial bonanza for American farmers, boosted by two historic […]
Livestock: Pork Farmers Still Face Logjam – DTN May 12, 2020
Minnesota hog farmer Chad Lubben, 27, is offering hogs for sale on Facebook and Craigslist, and he is getting takers from all over the country. Lubben told DTN he thinks […]
Livestock: Meat Processing Rebounds, Prices Continue Higher May 12, 2020
Beef and pork processing rebounded last week after dropping sharply, while wholesale beef prices continued rocketing to new record highs, according to an analysis done by John Anderson, economist for […]
COVID-19 Has Caused an “Ag Tsunami;” USDA, DOJ Investigate Livestock Markets May 11, 2020
Donnelle Eller reported on the front page of Sunday’s Des Moines Register that, “The coronavirus has caused an agricultural tsunami that’s ripped through Iowa and the nation. Markets have been disrupted […]
Coronavirus: Sec. Perdue Expects Meat Plants to Reopen Within 10 Days May 7, 2020
Sky Chadde and Kyle Bagenstose reported on the front page of today’s USA Today that, “The meatpacking industry hit a grim milestone this week when the number of coronavirus cases tied to […]