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DOJ continuing investigation into alleged meatpacking antitrust violations

DOJ continuing investigation into alleged meatpacking antitrust violations

The U.S. Department of Justice is intensifying its investigation into possible antitrust violations in the beef packing industry, prompting renewed calls from ranching groups for greater competition and market transparency. Federal officials said investigators are examining whether consolidation among the nation’s largest meatpackers contributed to inflated beef prices for consumers and reduced prices paid to cattle producers. The four largest beef processors control roughly 85% of the fed...

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South American Weather and Crop Update (1-23-24)

South American Weather and Crop Update (1-23-24)

Parts of Brazil are getting some nice rains finally, but there is still some lingering dryness. Allendale commodity broker Greg McBride gave an update on the current weather conditions in South America. McBride said there’s also a chance for rain in the longer term,...

Agoro Carbon surpasses 2 million enrolled acres

Agoro Carbon surpasses 2 million enrolled acres

Agoro Carbon Alliance, a global leader in the agricultural carbon market, has hit a significant milestone: two million acres enrolled in sustainable practices across America. CEO Elliot Formal shared an update on Agoro Carbon’s progress and their continued partnership...

Ag friendly truck financing built for the farm

Ag friendly truck financing built for the farm

The Certified Agriculture Group aims to help farmers shop for trucks with ag friendly truck financing that fits what farmers know. The Certified Agriculture Group has been helping farmers to purchase trucks for their operation affordably and reliably by bridging the...

USDA investing $207 million in clean energy and fertilizer projects

Agriculture Secretary Tom Vilsack Monday announced USDA is investing $207 million in renewable energy and domestic fertilizer projects. Vilsack made the announcement at the 105th annual American Farm Bureau Federation convention in Salt Lake City, Utah. Vilsack says,...

New Enlist platform Corn will reduce weed resistance

New Enlist platform Corn will reduce weed resistance

We have talked for many years about the Enlist E3 platform for controlling resistant weeds in soybeans. It has had a large market share as the years have gone by. Farmers have been making the switch from other weed control platforms based on Enlist’s ability to target...

Hong Kong foodservice industry recovering as ASF concerns grow

U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom just completed a market visit to Hong Kong for the first time since COVID-19 restrictions were lifted. Halstrom said that Hong Kong’s foodservice sector- which was decimated by limitations on...

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NPB researching future consumers of pork

NPB researching future consumers of pork

The National Pork Board recently completed an extensive research project focused on consumer segmentation. David Newman, the senior vice president of market growth at NPB, discussed the objectives behind the initiative, highlighting its aim to better understand the...