Page 3 - Boxed Beef News Today

CME Group launches Boxed Beef Index CME Group/NAFBMarch 15, 2021Agriculture News MPR Photo by Stephanie Paige Ogburn CHICAGO, IL – The CME Group has begun publishing a new Boxed Beef Index. The new pricing tool is designed to provide the beef industry with better price discovery by focusing on the prices paid for Choice and Select beef cuts. Tim Andriesen, the Managing Director of Agricultural Products for the CME Group says the idea for the index started with the Pork Cutout futures and opti...

U.S. Cattle Producers Rally Around the Cattle Market Transparency Act of 2021 Thursday Mar 4th, 2021 U.S. Senators Deb Fischer (R-NE) and Ron Wyden (D-OR) have introduced the Cattle Market Transparency Act of 2021. The legislation seeks to accomplish two main goals: ensuring regionally sufficient negotiated cash trade, and equipping producers with more information to aid marketing decisions. Other cosponsors of the bill include Senators Cindy Hyde-Smith (R-MS) and Mike Braun (R-IN). ...

After the Holcomb fire and fallout from the COVID pandemic, cattle producers went looking for answers on improving market transparency. In an ongoing effort to provide a legislative response, Sen. Deb Fischer, R-Neb., joined with Sen. Ron Wyden, D-Ore., to offer the Cattle Market Transparency Act of 2021 to ensure robust regionally negotiated cash trade and provide producers with more pricing information. The bill builds off the recommendations provided by USDA in its Boxed Beef and Fed Cattle ...

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Beef Industry Concerns in 2020 Tuesday Dec 15th, 2020 Beef Industry Concerns in 2020 The USDA is taking actions to address beef industry concerns. There are two things that really effected the industry this year - the coronavirus - and the huge fire at processing facility in Kansas. USDA Undersecretary Greg Ibach recently discussed those concerns. The U.S. Department of Agriculture (USDA) is working to address the challenges facing the beef industry. Issues facing the industry were ...