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INDUSTRY NEWS

Read coverage of beef industry news and promotions for producers, operations and cattle organizations.

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Certified Hereford Beef (CHB) LLC experienced a record year of growth during fiscal year 2014 with 50.2 million pounds of product sold, a 2 percent increase compared to the previous year’s total. Since 2008, CHB LLC has increased beef sales by 43 percent.

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U.S. Ag Secretary Tom Vilsack says the inability of a working group to find ways to reform the Beef Checkoff program could lead the USDA to start a second checkoff program for research and marketing.

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Each year, members of the Red Angus Association of America (RAAA) elect their fellow breeders to serve the RAAA and continue to advance its mission. This year, members elected Kim Ford, Bertrand, Nebraska, to serve as the 30th president of the RAAA.

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The Chicago Mercantile Exchange (CME) announced that it would be reducing livestock futures electronic trading hours, effective Monday, Oct. 27. 

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Consumer perceptions of food technology
A recent survey was conducted to evaluate consumer perceptions of food technology. Some of the interesting findings regarding labeling of food were:

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"Feeder and fed cattle prices are at or near all-time highs and are poised to keep moving higher. Both feeder and live cattle futures suggest that higher prices are yet to come. In several recent meetings and conversations with producers, I am seeing a couple of reactions to the current situation.

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