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US Government Look To Take Meat Processors To Task

The US government is preparing to do battle with a handful of companies it says holds too much control when it comes to the price of meat and poultry.

President Joe Biden joined by USDA secretary Tom Vilsack, announced a four point plan to bring back competition to the industry and raise the prices that producers receive for their animals. There are groups on this side of the border that are suggesting the Trudeau government should be doing the same.

The US meat institute was quick to issue its' own statement following Biden's meeting on Monday. It says the US government is ignoring the real issue that packing plants and processors in the states are facing and that's a critical labour shortage. That's also an issue here as some plants in eastern Canada have a 40 percent vacancy rate. It's not quite that bad in Alberta, but it's getting there.

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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.