NEWS

U.S. beef trade continues to adjust to supply and demand shocks. The latest data release from the USDA Economic Research Service (ERS) shows the impact of these shocks on U.S beef exports and imports.

The struggles experienced by the beef industry during the coronavirus pandemic do provide some bright reasons for optimism, said Randy Blach, CEO of CattleFax, during a digital presentation at the Texas A&M Beef Cattle Short Course on Aug. 3.

True West Beef has announced plans for new beef packing facility in the city of Jerome, Idaho, with estimates of 400 jobs and the capacity to process 500 cows a day.

Since COVID-19 swept across the world, shutting down life as we know it, many industries, the beef industry included, have learned to adapt to the "new normal." Quarantines and shelter-in-place orders have caused widespread cancellations of ag conferences, field days and other eductional events, and the folks who facilitate those events have gotten creative with sharing knowledge with anyone who wants to learn through venues like virtual events and webinars, to name a few. 

The USDA recently released a preliminary report of their findings from the investigation into price spread in the cattle markets.