A meat inspection bribery scandal has taken one of the world’s largest meat exporters out of the global market – the same exporter who gained when the U.S. BSE case broke.
Brazilian Meat Scandal Brazilian authorities have initiated an investigation into whether meat packers there have been bribing health and safety inspectors to pass contaminated production for export shipment. The investigation was code named “Weak Flesh” by the Brazialn authorities. To date, three plants have been shutdown and 21 have lost their export licenses. USDA issued a statement today saying that none of the facilities implicated in the scandal have shipped meat products to the United States. However, the USDA also announced that the Food Safety Inspe...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
