Tyson Foods has announced it will be closing its Lexington, Nebraska, beef processing facility in an effort to optimize production and strengthen its long-term business plan. In a news release, the company says it will be shifting its Amarillo, Texas, beef facility to a single, full-capacity shift and increase production at other facilities. Tyson says […]

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Soybeans were mixed, with nearby contracts up and deferred months down, lessening the weekly losses in those nearbys. Beans have spent the week buying the rumor, selling the fact on export demand from China. There were no new sales reported by the USDA Friday morning. Flooding has delayed planting in parts of Argentina. Still, overall, […]

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Chicago Mercantile Exchange live and feeder cattle were lower ahead of the USDA’s Cattle on Feed report, which was out after the close. Placements and marketings were both at the low end of estimates. December live was down $.27 at $214.45 and February was $.62 lower at $214.77. January feeders were $2.15 lower at $314.22 […]

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The USDA’s November cattle on feed numbers were mostly towards the low end of pre-report estimates. Placements were the lowest for the month since the series of reports started, dropping 10% on the year due to the tight supply of ready numbers. Most of those cattle placed during October weighed less than 800 pounds. October […]

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