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Possible Beef Price Fixing

Iowa Senator Charles Grassley is among some farm-state senators who are calling for investigations of beef packing companies following the surge in wholesale beef prices that led to extreme processing profit margins. Texas Congressman Mike Conaway told AgriTalk Tuesday he thinks a probe into packer profits is likely. Cattlemen have complained that surging meat prices due to the COVID-19 crisis hoarding did not translate into higher cattle prices. During the crisis, CME futures prices plunged... Read More

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Demand Surge Drives Cash, Boxes Higher

Demand for U.S. meat will likely exceed supplies for at least another week as coronavirus restrictions spurred consumers to stock up on meat and other household essentials. That lit a fire under the beef market this week and shot packer profit margins nearly $400 higher, though the meager increase in cash cattle means producers only saw $40 to $50 of the week's $350 - $450 gains in beef prices. Efforts to restock meatcases and the... Read More

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Retail produce sales rising amid coronavirus concerns

Stock-up grocery trips prompted by coronavirus concerns have included fresh produce along with frozen and canned, according to IRI and 210 Analytics. Total-store sales, including perimeter, jumped 10.6% for the week ending March 8. Sales for the four-week period ending March 8 were up 4.5%, compared to 2.0% growth year-to-date, per IRI. “Meat and deli meat sales are big drivers behind the perimeter growth, but produce sales too are accelerating fast — vegetables in particular,”... Read More

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Another Black Swan Hits Cattle Markets

Fears over the coronavirus wiped out more than $3 trillion in the equities markets this week. Livestock and grain markets were hammered, too. The coronavirus meltdown is the second black swan event for cattlemen in six months, but many fear this is worse than the Tyson packing plant fire. Worse because of the uncertainty. With the Tyson fire, the industry knew the extent of the damage and had realistic ideas of how long the event... Read More

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Distributor Negotiating 101

When is the last time you renegotiated pricing with your Distributors? It's one of the best ways to decrease your expenses so you can realize more profit in your restaurants. Keep in mind that everything is negotiable to a point. However, it would be best if you are prepared before you climb into the octagon. 1. Sell you and your business as a must-have account Distributors are just like any other business owner. They want... Read More

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Zero-Tariff Access for U.S. Pork in China Would Double U.S. Pork Sales

China is the world s largest producer and consumer of pork and, until recently, it only imported a relatively small percentage of its consumption. But China has been ravaged by African swine fever (ASF), with approximately half of its hog production wiped out. Unfortunately, because of trade disputes with the U.S., China has placed punitive tariffs of 60% on U.S. pork, bringing the total tariff on U.S. pork to 72%. NPPC is advocating for the... Read More

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FAPC Predicts Top Food Trends For 2020

Protein options, refrigerated snacks, a new generation of foodies and more are on the menu for 2020, as the Oklahoma State University Robert M. Kerr Food and Agricultural Products Center selects the hottest food trends for the upcoming year. Andrea Graves, FAPC business planning and marketing specialist, said change is inevitable and trends help indicate what is coming next. “Businesses need to pay attention to trends in order to find new growth opportunities and their... Read More

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2019 Gratitude Donations

SC 2 (Supply Chain Synergy Consultants) is pleased to announce that from our 2019 earnings we are donating $500.00 to the Gary Sinise Foundation and $500.00 to Cherry Creek Vally Rotary of Parker CO. SC 2 had an incredible second year of business and we are so pleased we can provide funding to these great organizations. Thank you for all my wonderful clients for making these donations possible.... Read More

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