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More Tyson Closures and Produce Imports Impacting Domestic Production
The Agribusiness Update
Tyson Foods will close two beef facilities and seek a buyer for a third, and U.S. fruit production has declined 32% and vegetable have fallen 10%, while fresh fruit and vegetable IMPORTS have each increased about 70%.
Meat Processing Plant Shutters, Wheat Production Outlook, El Niño Predicted
Line on Agriculture
Tyson Foods' closure of a beef processing facility in Illinois, capable of handling 3,000 cattle daily, has disrupted the supply chain. The World Agricultural Outlook Board has reduced the EU's wheat production estimate by 1.8 million tons due to extreme summer heat, impacting the yield and bringing the forecast to 134.2 million tons, down 11 million tons from last year. A potential historic El Niño event in the U.S., which could alter winter weather patterns.
Legislation Targets Major Meatpackers and National Cheese Day
The Agribusiness Update
Senate Minority Leader Chuck Schumer introduced legislation aimed at lowering grocery prices by increasing competition within the meatpacking industry, and the dairy checkoff is using today, National Cheese Day to promote cheese as a high-protein snack option.
Pressure Builds on Beef Packers
California Ag Today
New insights show how limited cattle supplies are forcing gradual but significant industry changes.
Fewer Cattle, Big Consequences
Southeast Regional Ag News
A new newsletter from Derrell Peel explains how shrinking herd sizes are forcing changes in beef packing capacity.
USDA Emergency Assistance on Hold and Tyson - Cargill Settlement
The Agribusiness Update
Democrats are responding to announcement that emergency assistance for farmers won’t happen until the government shutdown ends, and Tyson and Cargill will pay a combined $87.5 million to settle a beef price-fixing lawsuit from 2019.
USDA Emergency Assistance on Hold and Tyson - Cargill Settlement
The Agribusiness Update
Democrats are responding to announcement that emergency assistance for farmers won’t happen until the government shutdown ends, and Tyson and Cargill will pay a combined $87.5 million to settle a beef price-fixing lawsuit from 2019.
Irrigation Options in California and McDonalds Suit Against Major Meat Packers
The Agribusiness Update
Having endured crushing impacts of drought and regulatory water restrictions, California farmers have embraced drip irrigation, and McDonald’s has filed a lawsuit against major meat packing companies, accusing them of colluding to limit beef supplies.
Hurricane Damage Includes Stress and McDonalds Suit Against Major Meat Packers
The Agribusiness Update
Beyond the damage and complete destruction of property from recent hurricanes is the burden of mental stress, and McDonald’s has filed a lawsuit against major meat packing companies, accusing them of colluding to limit beef supplies.
California Dates Hitting Shelves and Holiday Cooking Essentials
The Agribusiness Update
Fresh California dates are hitting shelves again after some suppliers ran short following last year's crop disaster, and with the holidays just around the corner, USDA says the essentials for holiday cooking are accumulating in cold storage.
UGA Peanut Oil Studies and Holiday Cooking Essentials
The Agribusiness Update
A new UGA study is seeking to increase the value of Georgia’s peanut crops for new markets while reducing losses caused by the consistent threat of aflatoxin, and with the holidays just around the corner, USDA says the essentials for holiday cooking are accumulating in cold storage.
Future California Water Availability and Amazon Joins SAF Coalition
The Agribusiness Update
Delivery of the California State Water Project, a 700-mile network of reservoirs and canals, could be reduced by 23% in 20 years due to changing flow patterns and extreme weather, and the Sustainable Aviation Fuel Coalition announced Amazon has joined its expanding membership.
Hurrican Debby Impact and Amazon Joins SAF Coalition
The Agribusiness Update
Ag Secretary Tom Vilsack directed the USDA to aid recovery efforts for farmers, ranchers, and residents affected by Hurricane Debby, and the Sustainable Aviation Fuel Coalition announced Amazon has joined its expanding membership.
Tyson Sells Georgia Poultry Plant and Bird Flu Price Tag
The Agribusiness Update
Tyson Foods has entered into an agreement to sell its Vienna, Georgia poultry complex to House of Raeford Farms, and USDA's response to bird flu in poultry and cows will end up costing at least $2 billion.
Tyson Sells GA Poultry Complex, Alabama Field Days
Southeast Regional Ag News
Tyson Foods, Inc. has entered into an agreement to sell its Vienna, Georgia poultry complex to House of Raeford Farm. Meanwhile, Alabama Extension has a series of field days on the calendar.
Another Lawsuit for Meatpacking’s Big Four
Southeast Regional Ag News
The four largest meatpackers have now been hit by a new price-fixing lawsuit. It’s coming from a group of small food distributors.
Tyson to Close 4 Chicken Plants and Organic Produce Sales Higher
The Agribusiness Update
Tyson Foods announced plans to close four chicken processing facilities in the Midwest, and organic fresh produce grew slightly in sales dollars and volume in the second quarter of 2023, reversing a trend.
Tyson Taps at Four Chicken Plants
Southeast Regional Ag News
Tyson Foods Monday announced the planned closure of four chicken processing facilities in the United States.
Tyson to Pay Washington in Price Fixing Suit and National Gas Prices Down
The Agribusiness Update
Washington state Attorney General announces Tyson Foods to pay the state $10.5 million in price-fixing suit, and national gas prices down for the second straight week.
California Cling Peaches Acreage Down and Reduced Pork Demand
The Agribusiness Update
California acreage for cling peaches is dwindling, and reduction in global demand for pork hits producers.