Power of Story
Send a Tweet        
- Advertisement -
General News

Schumacher Loses Over $260,000 from Cattle Sales to Tyson; Now Tyson Wants Schumacher's Home

By   Follow Me on Twitter     Message R-CALF USA     Permalink
      (Page 1 of 4 pages)
Related Topic(s): ; ; ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It


Author 33524
- Advertisement -

Billings, Mont.Herreid, S.D., rancher and cattle feeder Herman Schumacher has suffered losses exceeding $260,000 from the sale of three pens of cattle (984 head) sold to Tyson Fresh Meats Inc. (Tyson) since January 1, 2009, yet Schumacher's three pens of cattle were top performers. His 984 cattle gained an average of 459 pounds in just 136 days, representing an average daily gain of 3.37 pounds. Schumacher lost an average of over $265 per animal when he sold his cattle to Tyson, which resulted in a total loss to Schumacher of nearly $261,000.

- Advertisement -

"Schumacher's cattle were obviously of high quality, and his losses cannot be explained by market fundamentals," said R-CALFUSA CEO Bill Bullard. "The only conclusion to be reached is that the cattle market is being manipulated by the dominant meatpackers. Otherwise, consumers would not still be paying near record beef prices for the meat derived from devalued cattle sold by Schumacher and other cattle feeders."

- Advertisement -

The average retail price for Choice beef in the first quarter of 2009 was over $4.33 per pound, significantly higher than the average price during the same period last year which was $4.16 per pound. However, the average price that Schumacher and other cattle producers received for their cattle in the first quarter of 2009 was $8.62 per hundredweight less than what they received during the same period in 2008.

"Due to their unrestrained exercise of market power, the dominant meat-packers are severely exploiting both consumers and cattle producers, resulting in financial ruin for Schumacher and others, but windfall profits for the meat-packers" said Bullard.

- Advertisement -

Next Page  1  |  2  |  3  |  4


- Advertisement -

View Ratings | Rate It

R-CALF USA, Ranchers-Cattlemen Action Legal Fund, United Stockgrowers of America, represents thousands of U.S. cattle producers on domestic and international trade and marketing issues. R-CALF USA, a national, non-profit organization, is dedicated (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting
/* The Petition Site */
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

FDA Plans to Break Food Safety Promise to America

USDA's Lax Import Rules Expose US Cattle to Mad Cow Disease

Wall Street Reform Act Already Benefiting Cattle Industry

USDA Kowtows to Canada's Threats, Denies U.S. Citizens Truthful Information About the Origins of Their Food

News Conference to address seizure of Herman Schumacher's home by Tyson Fresh Meats.

As Mad Cow Disease Scientist Prusiner Awarded Nat'l. Medal of Science, Group Urges USDA to Withdraw OTM Rule