Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Printer Friendly Page More Sharing
General News   

Cattle Producers Could Lose Up to $89/Head if JBS Acquires Pilgrim's Pride

By       (Page 1 of 3 pages)     (# of views)   No comments
Author 33524
Follow Me on Twitter     Message R-CALF USA
Become a Fan
- Advertisement -

Washington, D.C. With regard to efforts by JBS S.A. (JBS) to acquire Pilgrim's Pride Corporation (Pilgrim's Pride), R-CALF USA sent a second submission (see Pages 6 through 9, plus exhibits) of information to the U.S. Department of Justice to reinforce evidence that shows economic harm would hit the U.S. cattle industry if Justice does not block the merger of the competing protein industries (chicken v beef).

The average rule-of-thumb established by a U.S. Department of Agriculture (USDA) review of literature indicates that a 1 percent decrease in poultry prices would reduce beef consumption by 0.24 percent.

- Advertisement -

For example, R-CALF USA calculated that a 10 percent decrease in poultry prices would decrease the 2008 Nebraska Direct Choice Steer price by $7.15 per hundredweight (cwt) when the farm elasticity of demand for cattle also is considered, representing an $89.38 loss to cattle feeders for each fed steer sold.

R-CALF USA calculated a loss to cattle producers ranging from $7.50 per head to $89.38 per head.

- Advertisement -

"A loss of anywhere from $7.50 per head to $89.38 per head to the U.S. live cattle industry would have severe ramifications, particularly given the long-run lack of profitability faced by U.S. cattle feeders who have experienced 22 consecutive months of horrendous financial losses," said R-CALF USA CEO Bill Bullard.

Next Page  1  |  2  |  3

 

- Advertisement -

Rate It | View Ratings

R-CALF USA Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

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...)
 
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

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