Farms.com Home   News

US Government Look To Take Meat Processors To Task

The US government is preparing to do battle with a handful of companies it says holds too much control when it comes to the price of meat and poultry.

President Joe Biden joined by USDA secretary Tom Vilsack, announced a four point plan to bring back competition to the industry and raise the prices that producers receive for their animals. There are groups on this side of the border that are suggesting the Trudeau government should be doing the same.

The US meat institute was quick to issue its' own statement following Biden's meeting on Monday. It says the US government is ignoring the real issue that packing plants and processors in the states are facing and that's a critical labour shortage. That's also an issue here as some plants in eastern Canada have a 40 percent vacancy rate. It's not quite that bad in Alberta, but it's getting there.

Click here to see more...

Trending Video

2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!

Video: 2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!

There were no big surprises in the USDA June report as it historically is not a market moving report, but U.S. HRW production was lowered by 18 million bushels. The June USDA crop report was neutral- higher global stocks & South American production offset lower U.S. wheat and higher U.S. corn exports.
Crude oil breaking lower technically on news of a peace deal with Iran.
Elon Musk is now a trillionaire with the debut of the SpaceX IPO today!
Markets pricing in a 2026 U.S. corn yield at 187 bpa with the worst start to June in 50+ years on non-threatening weather that remains a “wild card".
El Nino has arrived according to CPC.
U.S. wholesale Gulf urea prices plunged 81.3%.
The spreading of screwworm in the U.S. is BULLISH cattle long-term.
+ CFTC fund flow.