Beef calf Indemnity rates updated for 2023 by FSA

Aug 30, 2023

A recent announcement from the U.S. Department of Agriculture’s Farm Service Agency (FSA) shed light on modifications in the Livestock Indemnity Program (LIP) for 2023. The beef calves, particularly those over 800 pounds, will now receive an increased indemnity rate of $1618 per head, up from the previous $1244.

What’s notable is the retroactive application of this new rate. Losses from January 1, 2023, will benefit from this hike without necessitating any separate formalities from the producers.

With these changes in place, the FSA projects to initiate payments for current losses by the upcoming week. They've also acknowledged potential weight losses in livestock due to extreme weather, assuring producers of a plan to address such situations.

The FSA’s vision for LIP emphasizes its adaptability to live market conditions for future payment rate determinations.

Justin Tupper, the President of the U.S. Cattlemen’s Association, praised the timely decision by the FSA. He underscored the importance of these changes in representing the genuine market value of the animals and expressed appreciation for FSA’s support, especially from the local offices during these challenging times.

Source : wisconsinagconnection

Video: What Does 20 MILLION Hogs a Year Look Like?

?? The Multi-Plant System Processing 20 Million Hogs Annually in the Midwest JBS USA operates multiple large-scale pork processing facilities across the Midwest, including major plants in Iowa, Minnesota, and Indiana. Combined, these facilities have the capacity to process approximately 20 million hogs annually.

Each plant operates high-speed automated slaughter systems capable of processing up to 20,000 head per day, followed by fabrication lines that break carcasses into primals, sub-primals, and case-ready retail products.

Hog procurement is coordinated through electronic marketing platforms that connect regional contract finishing operations and independent producers to plant demand schedules. This digital procurement system allows for steady supply flow and scheduling efficiency across multiple facilities.

Processing plants incorporate comprehensive food safety systems, including pathogen intervention technologies, rapid chilling processes, and integrated cold-chain management. USDA inspection is embedded throughout the harvest and fabrication stages to ensure regulatory compliance and product integrity. Finished pork products — from bulk primals to retail-ready packaged cuts — are distributed through coordinated logistics networks serving domestic and export markets.