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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 Too High On 2026 Crop Yields + 26 U.S. Harvest From Hell!

Video: USDA Too High On 2026 Crop Yields + 26 U.S. Harvest From Hell!


USDA surprised with higher 2026 U.S. corn yields but it’s early with just over 20% of the U.S. harvest complete. NE, IA and IL corn and soybean yields continue to hold up the national average corn and soybean yields.
U.S. corn crop conditions fell 3% to 54% G-E and NE corn yield goes up 11 bpa with the 2nd wettest to record wet month of September and harvest only 15% complete??????
Some regions in the U.S. had the hottest summer in 140 years while others had record flooding?????
The Black Sea region is worse not better.
Brazilian real rally.
Brazil looks dry into November.
+ CFTC.