MU Extension agriculture business specialist says these new tools help producers understand their profit margins when they price beef for local markets.

The bill would establish minimum levels of fed cattle purchases made through approved pricing mechanisms, which includes negotiated cash, negotiated grid, at a stockyard, and through trading systems that multiple buyers and sellers regularly can make and accept bids.

Meat department sales reached $6.3 billion in March 2022, up 6.2% versus a year ago.

Weigh, price, labelers continue to shift from semiautomatic to automatic machines as sales of case-ready products and deli products grow and processors address personnel shortages.