Beef Prices to Keep Rising as Brazil Supply Shrinks

Beef prices are projected to continue increasing as U.S. beef production declines with no signs of a cattle herd rebuild. Additionally, cheap beef may soon become further out of reach. Brazil, one of the world’s few remaining sources of abundant cattle, is heading into a period of shrinking supplies that could push global prices higher.

Lawmakers Eye More Farm Aid on Top of USDA Bridge Assistance

Agriculture leaders in the United States House of Representatives are looking to provide at least an additional $10 billion in farmer aid to supplement the recently announced Farmer Bridge Assistance Program. That additional aid would likely have to be driven by Congress, as a USDA undersecretary says it’s unlikely the agency will provide a second farmer aid package.

JBS Closing Beef Plant in California

JBS will permanently close a facility outside Los Angeles that prepares beef for sale at U.S. grocery stores, the world’s largest meat company said on Friday, as tight cattle supplies have raised costs for meatpackers. JBS will shut its Swift Beef Company facility in Riverside, California, on February 2, eliminating 374 jobs.

Deere’s 2026 Outlook Suggests No Farm Economy Uptick

Deere & Co.’s weak forecast for the year ahead reinforces the difficulty in predicting a recovery in the US farm economy as uncertainty continues to swirl over the impact of tariffs and trade deals. Deere said net income in the 2026 fiscal year will be between $4 billion and $4.75 billion. That would be a drop from the $5.027 billion reported for the year just ended.

US Soybeans Set for First Shipment to China Since May

Two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a shipping schedule seen by Reuters. A third vessel was en route to a Texas Gulf Coast grain terminal to be loaded with China-bound U.S. sorghum in the coming days.

Tyson Closing Major Beef Processing Plant in Nebraska

Tyson Foods, America’s largest meat supplier, is planning to close one of its largest beef-processing plants in Nebraska at a time when a cattle shortage in the U.S. squeezes meatpacking companies. The Lexington, Neb., plant employs roughly 3,000 people and can slaughter almost 5,000 cattle a day, according to industry estimates.

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