SIRE BUYER NEWS

On Thursday, National Cattlemen’s Beef Association announced a plan to address beef sustainability.  The announcement came during the NCBA general session, “Sustainability—Opportunity, or a Bunch of Bull?” 

The USDA says producers placed fewer cattle into U.S. feedlots during July 2021 than in July 2020. That year ago placement total was largely due to producers holding back supplies earlier in the 2020 due to concerns about demand caused by COVID-19.

Bill Gates is a top investor of Memphis Meats — a group of radical animal rights activists working in a lab trying to grow meat from livestock cells. Their goal is to destroy the livestock industry.

On Wednesday the U.S. Senate held a hearing, “Examining Markets, Transparency, and Prices from Cattle Producer to Consumer.” During the hearing the Senate heard the testimony of two cattle ranchers, two college professors, and a banker.

JB Foods, the world’s largest beef and pork processor, was hit by a cyber attack on Sunday that’s incapacitated systems in the U.S., Canada, and Australia according to a new report from Bloomberg News.

The growing disparity between boxed beef prices and cattle prices can officially be considered a crisis, says R-CALF USA past president Bryan Hanson.