GFM Network News

U. S. Cattle Data Confirms Smaller Supply

Reading Time: 2 minutes The number of U. S. cattle being fattened in feedlots is the smallest in four years as losses on cattle sales have prompted producers to reduce supplies, analysts said March 19. The U. S. Agriculture Department reported there were 11.228 million cattle in U. S. feedlots as of March 1, which was 95 per cent […] Read more

National Beef To Go It Alone As JBS Bid Abandoned

Reading Time: 2 minutes National Beef Packing Co intends to operate as independent company now that Brazilian beef company JBS SA has abandoned its attempt to buy the No. 4 U. S. beef producer, National Beef’s chairman told Reuters Feb. 20. While disappointed the deal was cancelled, National Beef Chairman Steve Hunt said the company would move forward as […] Read more

Smithfield To Shut Plants, Cut 1,800 Jobs

Reading Time: 2 minutes Smithfield Foods said Feb. 17 it would close six processed meat plants and eliminate 1,800 jobs while retaining its current hog slaughter capacity as it restructures its pork group. Smithfield, the largest U. S. hog and pork producer, makes more than 50 brands of pork and turkey products including John Morrell, Eckrich and Armour. None […] Read more

Cowhide Prices Shrinking

Reading Time: < 1 minute U. S. cattle ranchers, already hit hard as the global recession eats into beef consumption, have the added hardship of shrinking prices for cowhides, used to make leather car seats, coats, shoes and upholstery, industry sources said Feb. 3. Cowhides are an important revenue stream for the beef industry. But sales have slipped as many […] Read more

Cargill says U. S. meat exports slowing

Reading Time: 2 minutes The growing global economic crisis is putting the brakes on exports of U. S. beef and pork and it may be early next year before conditions improve, says a Cargill meat official. “Globally, people’s confidence is much lower than it has been. People are worried about their jobs and worried about money,” Patrick Binger, assistant […] Read more

Ag groups worry California cage ban will spread

Reading Time: 2 minutes Farm groups have criticized a new California law that bans keeping chickens, calves, and pigs in cages, arguing it will increase production costs, while animal welfare proponents said they hope to get similar laws adopted in other states. California voters on November 4 passed Proposition 2, which bans the confinement of egg-laying chickens, veal calves […] Read more