Friday Apr 12, 2024
News Headlines & Weigh Up Prices
EPISODE 24 DETAILS
AMERICAN FARMERS NETWORK TO SET CRITERIA FOR RE-GEN, GRASS-FED BEEF.
American Farmers Network (AFN) announced it is spearheading the establishment of comprehensive certification criteria for regenerative grass-fed beef production. With USDA approval to use the Regenerative Agriculture claim on its packaging, AFN said it aims to set industry standards across the beef category, the organization said in a release.
AFN's said its partnership with certifying organizations aims to create transparent standards for the beef industry, aligning with regenerative agriculture principles of soil health and animal welfare.
AFN plans to work with retailers and partners to make regeneratively raised beef accessible nationwide.
By providing incentives to producers to adopt regenerative practices, AFN seeks to cultivate a more sustainable agricultural landscape.
The certification criteria will cover grazing management, soil health, animal welfare and social responsibility, the company said. Ranches meeting these standards will earn formal certification, distinguishing their products as sustainable and ethical choices in the marketplace.
LIVESTOCK INVENTORY DECLINE HURTING COLD STORAGE NUMBERS.
The USDA's March Cold Storage report revealed declines in red meat and poultry supplies for 2024.
Analysis from Market Intel detailed how the declining livestock inventories are impacting the cold storage numbers. Red meat in freezers decreased by 4% from February 2023, hitting a 23-year low at 1.05 billion pounds, while frozen poultry stocks remained stable at 1.03 billion pounds. The March Cattle on Feed report showed a 1% increase in cattle on feed compared to 2023, indicating continued liquidation in the U.S. cattle industry, possibly impacting beef prices.
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REFERENCES
https://www.meatingplace.com/Industry/News/Details/114102
https://www.meatingplace.com/Industry/News/Details/114143
https://www.joplinstockyards.com/wednesday_cow__bull_sale.php
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