“(Vladimir) Putin himself made a comment about the U. S. having to meet Russian standards. Now, if the chicken industry gets the attention of Putin, that is a little different ball game than what we have had to deal with in the past.” – Joe Sanderson, Sanderson Farms U. S. meat companies have banked on
U. S. Meat Trade Should Not Count On China, Russia
Smithfield Returns To Profit, Tops Street View
U. S. hog and pork producer Smithfield Foods Inc. posted its first quarterly profit since 2008 and said its hog unit, a longtime drag on results, should improve in the coming fiscal year. The company also said pork sales to China and Russia should resume soon, and restructuring its pork segment should boost earnings in
Investors Develop A Taste For Beef
“We have never had this much buying in the cattle market before. It is not realistic to believe that it will continue.” – DENNIS SMITH, LIVESTOCK BROKER Investors seeking strong returns in the commodity markets have been pouring money into U. S. cattle futures, sending prices to 15-month highs and boosting February volume 27 per
Profitable Futures Slow U. S. Hog Herd Liquidation
U. S. hog producers who have reduced their herds after a couple of rough years may be slowing that process as Chicago futures prices suggest this could be a profitable year for hogs. The latest U. S. Agriculture Department data shows that sow slaughter has slowed and is now less than a year ago, a
U. S. Chicken Needs New Markets
The U. S. chi cken industry needs another home run, similar to the one that took the once lowly chicken wing and turned it into a football fan’s “must have” snack. This time, dark meat leg quarters need a marketer’s touch. For about two decades, the $60-billion U. S. chicken industry has sent leg quarters,
After $7 Bln In Losses, U. S. Cattle Sector Has Hope
The $7 billion that U. S. cattle producers have lost in the past two years have been the worst in decades if not ever, and they hope an improving economy will restore some profits in 2010. Chances for profits this year are tied tightly to a healthier economy and lower feed prices. People need jobs
TV Ads Too Expensive In Hard Times
The high cost of advertising and a struggling U. S. beef industry have forced the popular “Beef, It’s What’s for Dinner” ads off television and it does not appear they will be returning any time soon, an industry official said Jan. 27. Voiced over the years by actors Robert Mitchum, James Garner and Sam Elliott,
Profits, Better Cattle Prices Seen In 2010
U. S. cattle producers will likely earn small profits in 2010 amid the smallest cattle herd in about 50 years, and that should mean higher cattle prices, Cattle-Fax analysts said Jan. 29. However, beef sales will remain weak as cash-strapped consumers continue to favour lower-priced foods like hamburgers and hotdogs over higher-priced T-bones and sirloins,
Hitch In Cattle Deal With National Beef
Hitch Enterprises, a privately held livestock operation, has reached a deal whereby it will sell cattle from its three feedyards solely to National Beef Packing Co. LLC, an agreement that Hitch leaders believe will produce better prices for its customers. The “handshake” agreement started in January and will continue indefinitely, Hitch chairman Jason Hitch told
Bridges, Not Threats, Seen Needed In U. S. Meat Rows
“We have got to build bridges and you don’t do that with threats.” – PHIL SENG, USMEF Preventing trade disputes, such as a row with Taiwan on beef and with Russia on chicken and pork, requires greater effort by the U. S. government in understanding the needs of importing countries, the U. S. Meat Export
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