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Monday, July 20, 2020
Notifying thousands of victims in poultry price-fixing case poses challenge for gov't lawyers
Four poultry company executives charged with price fixing has allegedly victimized thousands of consumers in the US, creating a big headache for government lawyers in trying to notify them individually or according their rights under the Cr ...
Saturday, June 27, 2020
EU intervention programme harms US dairy prices
The US was "economically harmed by the EU's Intervention programme for European Union's Skim Milk Powder (SMP)" in three ways, according to an economic analysis published on June 18, Aberdeen News reported.
Wednesday, June 24, 2020
US frozen pork inventories decline as meat prices increase
The US government and analysts said meat plant closures caused by COVID-19 outbreaks among workers have resulted in a record drop US frozen pork inventories, while meat prices have surged, Reuters reported.
Tuesday, June 23, 2020
China Soymeal Weekly: Prices consolidate lower on cautious demand (week ended Jun 22, 2020)
China held its second round of reserves soy auction on June 19. With demand robust, closing prices were high and the 47,579 tonnes offered were fully sold within minutes.
Wednesday, June 17, 2020
China Soymeal Weekly: Lacklustre demand, weak prices (week ended Jun 15, 2020)
Demand for soymeal remained soft while the sales of hog feed were limited. Meanwhile, new outbreaks of the Wuhan coronavirus in Beijing sparked fears that the second wave of the pandemic might have started in China. Buyers withheld buying a ...
Wednesday, June 17, 2020
Australia's cattle prices to increase on output, exports drop
Over the next 12 months, cattle saleyard prices are anticipated to climb by 4% on average as low supply constrains production and export volumes, Australia's agricultural bureau released today, Beef Central reported.
Monday, June 15, 2020
Pilgrim's Pride CEO on leave of absence due to US DoJ chicken price-fixing indictment
Pilgrim's Pride president and chief executive officer Jayson Penn has gone on a leave of absence to concentrate on his alleged involvement over a US chicken price-fixing case by the US Department of Justice (DoJ), Reuters reported.
Friday, June 12, 2020
US beef prices surge as food inflation soar highest in over eight years
The US food inflation rate hit 4% in May, with beef price recording its largest one-month increase ever, said the Bureau of Labor Statistics on Wednesday, Agriculture reported.
Friday, June 12, 2020
USDA sees improvement in dairy prices
As farmers increase cow numbers and milk output, USDA is expecting a continued turn around for dairy prices, Brownfield Ag News reported.
Friday, June 12, 2020
US meat production has resumed but consumer prices likely to remain high
Meat production in the United States has reached pre-COVID-19 levels after plants were temporarily shut down due to the pandemic, but experts say consumer prices will remain high levels while it may take months for plants to go though a bac ...
Thursday, June 11, 2020
Tyson Foods cooperates with US justice department in price-fixing probe
Tyson Foods Inc was cooperating with the US Department of Justice (DoJ) on a price-fixing investigation in the poultry sector, under a corporate leniency programme, the company said on Wednesday, Reuters reported.
Tuesday, June 9, 2020
Soaring US beef prices may settle down soon
US beef prices are now at their highest since drought devastated the nation's beef herd in 2014, but are seen to settle down soon, said the National Cattlemen's Beef Association's chief executive, The Meadville Tribune reported.
Thursday, June 4, 2020
Pilgrim's Pride CEO charged with alleged price-fixing over US chicken
The US Justice Department has charged the Jayson Penn, the president and CEO of Pilgrim's Pride along with three current and former executives with allegedly price-fixing chickens in the United States, Reuters reported.
Tuesday, June 2, 2020
Australian dairy firms announce farmgate milk prices
On Monday, the dairy processors of Australia has announced their opening milk prices for the season under the new mandatory dairy code of conduct, ABC News reported.
Wednesday, May 13, 2020
US corn farmers face sharp losses as prices crash
This year, US corn farmers are facing heavy losses as prices crash to the lowest in over a decade after they had bought seeds and fertilisers, and began sowing the second-biggest crop since the Great Depression, reported Reuters.
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