Exec Update

ICA's Summer Meetings begin next week in Pocatello. I hope you can join us as we discuss the industry we love and the challenges in front of us. We look forward to hearing from you and seeing the familiar faces that make our association great. Bring a friend and have some fun we hope to see you all then, a brief agenda can be found online at idahocattle.org.

We will not put out an Executive Update during Summer Round-Up next week and our office will be closed as well while our team travels to Pocatello.

--Cameron Mulrony

Executive Vice President

2 New Meat Packing Plants Planned in S. Dakota

A $1.1 billion processing plant could be built in the Black Hills Industrial Park in south Rapid City, a realty company announced Friday. Kingsbury and Associates and Sirius Realty of Rapid City and Greenville announced plans to construct an 8,000 head per day processing facility over three years. The 1-million-square-foot facility will process beef and a specialty bison line. It could also bring about 2,500 jobs to the area.

Continue reading here, from Rapid City Journal

Beef Market : Continuing Inflation Slows Rise in Beef Demand

Stagflation, inflation, rising food costs…these are all factors that are creating murky waters in front of beef demand, if you look at the rest of the 2022 calendar year.

Continue reading here, from Real Agriculture

Expiring CRP Acres can begin Field Work Early

As the Ukraine-Russia conflict continues to draw into question the amount of world grain supplies, USDA took another step May 26 to improve production capacity in the United States with the announcement that Conservation Reserve Program participants who are in their final year of the CRP contract can get into fields after the nesting season ahead of the official October 1 expiration date.

Continue reading here, from Feedstuffs