Feeder steer prices remain at historic highs across all major regions, averaging 22.9 percent higher year-over- year, and 58 percent higher than the five-year average. Some of the biggest gains have been in the Southern Plains, most affected by the imports of Mexican feeder cattle which are prohibited due to the New World screwworm (NSW).
Following the ongoing efforts to eradicate NWS and the USDA’s suspension of Mexican cattle (as well as horse and bison imports) on 11 May, Secretary of Agriculture Brooke Rollins provided an update last week. The USDA will be investing $21 million to renovate an existing fruit fly production facility in Metapa, Mexico, to produce 60 million-100 million additional sterile NWS flies per we...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
