New York | Reuters – Tyson Foods Inc TSN.N, one of the largest U.S. meat producers, is refusing to comply with a subpoena for a civil probe into possible price gouging during the COVID-19 pandemic, New York’s attorney general said on Wednesday. Letitia James, the attorney general, asked a state judge in Manhattan to require […] Read more
Tyson Foods ignoring subpoena for meat price gouging probe, NY attorney general says
BBQ season arrives with a bang
Reading Time: < 1 minute “On fire” and “sizzling” are terms being used to describe meat prices. “Wholesale beef and pork prices this spring have seen incredible strength,” Canfax said in a market report earlier this month. “Except for last year when wholesale beef prices doubled due to a shortage of supplies, cut-out prices at current levels had not been […] Read more
U.S. senators scrutinize meat packers’ profits during pandemic
Chicago | Reuters — U.S. senators are calling for investigations of record profit margins for beef processors such as Tyson Foods and Cargill, after ranchers complained surging meat prices due to coronavirus hoarding did not translate into higher cattle prices. Futures prices for cattle have tumbled during the outbreak, worrying farmers as the U.S. economy […] Read more
Report sees Canadian meat prices rising at faster pace
CNS Canada — Canadians will be paying more for meat than earlier thought in 2017, according to a new report from Dalhousie University. Expected price declines for other foods, however, will limit the impact on the total grocery bill in the country. In the mid-year update for Canada’s Food Price Report, researchers at Dalhousie in […] Read more
Just how much is that roast beef worth?
Reading Time: < 1 minute Alberta Agriculture and Forestry has a new fact sheet on pricing meat products. “When you sell direct to market, there is a lot more involved than production,” said new-venture specialist Kathy Bosse. You also have to manage processing, packaging and delivery and think about consumer demand. “The new Pricing Meat Products: An Introduction fact sheet covers […] Read more
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