Cattle Market Update
From Steve Kay, editor and publisher of Cattle Buyers Weekly. Catch a roundup of each week’s cattle-market activity every Friday afternoon! View the market review now!
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Processing
Dick Bond Leaving Tyson Foods; Tollett Takes Over
Dick Bond, president and CEO of Tyson Foods Inc. announced today that he is leaving the company, effective immediately....
JBS finishing year on mostly confident note
JBS S.A. made major strides in the U.S. beef industry in 2008, acquiring Green Bay, Wis.-based Smithfield Beef Group and Loveland-based Five Rivers Ranch Cattle Feeding and making a bid for Kansas City, Mo.-based National Beef Packing Co. ...
Cargill agrees to buy Carneco foods
Cargill Value Added Meats is expected to close on the purchase of Carneco Foods LLC in January following the Thursday signing of a purchase agreement between the two food processing operations. ...
Opposition to planned JBS-National Beef merger grows
Coming off a record third quarter, JBS S.A. remains determined to fight a lawsuit filed by the U.S. Department of Justice and 17 state attorneys general to block its intended merger with Kansas-based National Beef. ...
Failures at Hallmark Identified
Following an investigation into undercover footage obtained at the Hallmark plant in Chino, California, and released in early 2008, USDA’s Office of the Inspector General (OIG) concluded that significant failures occurred among the management and inspectors at the plant. ...
JBS Invests Millions in Australian Plate Freezing Facilities
Brazilian packer sued
A New York retirement fund, Westchester Putnam Counties Heavy and Highways Laborers Local 60 Benefit Funds (union pensions), sued Sadia SA, the Brazilian...
DOJ wants four packers
The U.S. Department of Justice (DOJ) decision to block JBS SA's acquisition of National Beef Packing (NBP) delighted opponents of any further consolidation...
From Our Columnists
Top 5 moves for getting out of the hay-feeding rut
Whether you're out feeding in the cold or just looking out your window at cows eating hay at a cost of $2/cow/day, it should be a wake-up call for all of us...
Buy/sell margins - part III
The feeder-cattle futures market is being whipsawed by corn futures prices. Corn futures prices were in the mid-to-high $3 range early in 2007...
Planning for successful breeding
What tasks need to be done to help assure a successful breeding season this year? Let’s start with the bulls. Nationally, about 10% of all bulls fail...
