– Dr. Kenny Burdine, Livestock Marketing Specialist, University of Kentucky Feeder cattle markets really gained some momentum during the first half of September. As I write this on September 15th, fall CME© Feeder Cattle futures had pushed up into the upper $150’s. Spring 2019 futures, which will drive our fall calf market, were trading in [...]
The U.S. beef supply for 2018 is projected at 30.842 billion pounds, unchanged from last month. Beef Balance Sheet: Exports projected up 40 million pounds Beginning beef stocks for 2018 are projected at 649 million pounds, unchanged from last month. Beef production for 2018 is projected at 27.157 billion pounds, unchanged from last month. Beef [...]
KS Venada is best suited to central Kansas MANHATTAN, Kan. – The president of the Kansas Wheat Alliance says that millers and bakers are hailing the upcoming release of a hard white wheat variety, saying that the new wheat is of excellent baking quality. Daryl Strouts says that producers in the state may soon [...]
Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of how last week's beef trade impacted the cattle market and beef prices.
While analysts digest USDA numbers and try to guess the extent of this fall’s harvest, the corn market chugs along.
Traceability is a hot topic right now in the beef business. And while traceability isn’t a marketing claim by itself, consumer demand to know about the beef they buy may force beef brands to verify marketing claims. That and more awaits you in this week’s Trending Headlines.
Josh Maples, Assistant Professor, Department of Agricultural Economics, Mississippi State University Corn prices have been on a sharp downtrend since late May due primarily to a combination of trade uncertainty and a strong start to the growing season. Both nearby and new crop corn futures prices have tumbled by over 40 cents or approximately ten [...]
Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.6 million head on May 1, 2018. The inventory was 5 percent above May 1, 2017. This is the second highest May 1 inventory since the series began in 1996. Placements in [...]
U.S. Trade Representative Robert Lighthizer and Secretary of Agriculture Sonny Perdue today announced that the United States submitted a counter notification in the World Trade Organization (WTO) Committee on Agriculture (COA) on India’s market price support (MPS) for wheat and rice. Filed on May 4, 2018, this is the first ever COA notification under the WTO Agreement [...]
May is World Trade Month, and the U.S. Department of Agriculture (USDA) marks the occasion by highlighting USDA’s success and continued commitment to expanding trade and increasing rural prosperity through agricultural exports. “As World Trade Month begins, we recognize the vital role trade plays in supporting U.S. agriculture, rural America, and our economy,” said U.S. [...]
