Producer Owned Beef LLC, a US beef processing facility owned by cattle producers and operated by beef processing industry veterans, received $12.232 million from the Texas Enterprise Fund.
The biggest challenge facing the beef processing sector will come late in the year as ongoing liquidation starts to show up in smaller supplies of both fed and non-fed cattle.
E&H Foods, an organic grass-fed and grass-finished beef company, announced on July 26 that it promoted Danielle McDonald to the role of chief operating officer.
On July 22, NextGen Beef Co., a NextGen company, announced former career-long Kansas City Royal and Major League Baseball first ballot Hall of Famer, George Brett joined the company as a strategic partner.
Wholesale restaurant food distributor Sysco Corp. filed a lawsuit against the world’s largest meat processors, claiming they colluded to fix beef prices.
Beef export volume and value records continued to be set during May and topped $1 billion for the fourth time in 2022, according to data compiled by the US Meat Export Federation (USMEF) from the US Department of Agriculture.
The American Farm Bureau Federation (AFBF) recently shared the results of its latest marketbasket survey, which showed the average cost of a summer cookout has increased since a year ago. The organization said a group of 10 US consumers will pay an average of $69.68 for popular Independence Day food items, up 17% from 2021.
The US Supreme Court denied a petition by The Ranchers-Cattlemen Action Legal Fund, United Stockgrowers of America (R-CALF USA) on June 27 to hear a long-standing legal battle.