Dennis Sun: There Are No Crystal Balls When It Comes To Beef PricesI realize I’ve written numerous columns about beef and its high prices in the last year, but it is big news for consumers, processors, feeders and producers alike. Every month, there is big news about beef at the meat counter, including consumers paying record prices and cattle bringing in record p...
Rising costs pressure Hormel Foods’ bottom lineAn unexpected rise in the costs of pork, beef and nuts undermined the performance of Hormel Foods Corp. during its most recent third quarter. The company experienced positive momentum in sales and organic volumes, but the costs of such key inputs pummeled Hormel’s bottom line. “… We anticipated u...
Beef, pork prices higher this Labor Day weekendMost beef and pork prices are higher this Labor Day than last year. The situation has been years in the making with less cows and pigs out on the farms. Dr. Jamie Luke, an assistant professor of food and resource economics with Michigan State University, says the beef herd is smaller and it’ll tak...
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Cattle Industry Concerned Over Screwworm Reporting DelayReuters’ Tom Polansek and Leah Douglas reported that “the patient with the first human infestation of travel-associated New World screwworm [NWS] in the United States has recovered from the flesh-eating parasite, and there was no sign of transmission to other people or animals, the Maryland Departme...
Beef and nut prices have surged — and that’s driving Hormel’s stock to its biggest drop everHormel Foods Corp.’s stock could see the steepest one-day loss in its trading history on Thursday after the maker of Spam, Planters nuts and Jennie-O turkey slashed its profit outlook due to higher-than-expected costs for meat and nuts. Hormel’s stock HRL -13.09% was down 13.5% to $25.11 a shar...
Cattle growers to get help as US ban on Mexican livestock drags onThe Mexican government says it will aid cattle growers in three northern states as the ongoing U.S. livestock import ban devastates the industry. The states of Sonora, Coahuila, and Durango will receive assistance under Plan Mexico, which involves federal investment and technical assistance in indu...
Transform Your Meat Sales with Your Own Auction Platform — Powered by MAHIn today's competitive meat industry, relying solely on middlemen or traditional sales channels can limit your growth. Producers and distributors need modern tools that provide control, flexibility, and direct access to buyers . That's where Meat Auction House (MAH) steps in — giving you the po...
Meat prices soar for 7th straight monthBeef prices have reached record highs, impacting wallets across Montgomery County and beyond, as the number of beef cattle hits its lowest point since the 1960s due to a multi-year drought. According to the USDA, beef prices have been increasing for seven consecutive months, driven by a significant...
Here’s all the reasons for rising beef pricesA cyclone of geopolitical developments, supply pressures and seemingly unyielding consumer demand has been fueling beef prices to record highs. The Food and Agriculture Organization of the United Nations said its meat price index reached a new all-time high in July, averaging 127.3 points, up 1.2% ...
High pork prices could remain through holiday seasonRetail pork prices hit record high levels this summer and are expected to remain elevated heading into the holiday season, Texas A&M AgriLife Extension Service experts said. In July, average retail pork prices reached the highest point of the year, $5.01 per pound, up from $4.92 a year ago, says Da...
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