With July 4 beef purchases complete, wholesale beef prices on June 26 had dropped sharply the previous 10 days. Beef and cattle markets have defied gravity by staying stronger longer than most expected this spring.
Kevin Kester, a fifth-generation California rancher and NCBA president-elect, testified in support of the market access that NAFTA has delivered for America’s cattle producers, and warned against the re-adoption of failed policies that harmed the industry in the past.
The Japanese guests helped move cattle at the 112-year-old King Ranch, learned how ranchers care for the cattle and land with emphasis on how today’s ranchers maintain age-old traditions while contributing to research and embracing progress to improve ranching and agriculture production.
USDA Secretary Sonny Perdue was in China last week to formally mark the return of U.S. beef to the Chinese market after a 13-year absence. He was joined by U.S. Ambassador to China Terry Branstad. On June 30, Perdue and Branstad ceremonially cut a prime rib that originated in Nebraska and was shipped by the Greater Omaha Packing Company.
When the tides change, they change quickly. In cash cattle, price power has shifted from cattle feeders to packers, and in beef prices, surprising resilience has given way to record-setting declines. And yet, the futures markets seemed coolly oblivious last week.
Despite gaining access to what will likely become one of the world’s largest importers of beef, the trade deal does come with its caveats. Any beef that is shipped to China from the U.S. must meet a few requirements. First, all beef must be less than 30 months of age.
In a press release, EPA said it, along with the Department of Army and Army Corps of Engineers (the agencies), propose to recodify the regulatory text that existed prior to 2015 defining the WOTUS rule.
announced last Tuesday that the Senate vote on the American Health Care Act of 2017 (H.R. 1628) will be delayed until after the July 4 holiday. Both the House and the Senate are out on congressional recess until the week beginning July 10. Senators are reportedly planning to make changes to the bill which passed the House on a very narrow margin.
The House Appropriations Subcommittee for Agriculture, Rural Development, Food and Drug Administration and Related Agencies advanced a bill funding fiscal year 2018 discretionary programs for USDA and other agencies at just more than $20 billion, cutting $1.
U.S. Secretary of the Interior (DOI) Ryan Zinke, in making the announcement, said it was due to the success of conservation efforts and collaboration among a variety of stakeholders. The population declined to as few as 136 bears in 1975 and, according to the DOI, now is estimated at 700, meeting all of the criteria for delisting.
On the afternoon of June 22, U.S. Secretary of Agriculture Sonny Perdue suspended Brazilian fresh beef imports until further notice. The U.S started receiving fresh Brazilian beef in March. Brazil has and continues to export cooked or processed beef items to the U.
As you read this, Americans will be preparing to grill what the beef industry hopes will be millions of steaks and hamburgers as they celebrate tomorrow’s July 4 Independence Day holiday. The holiday and the week leading up to it are the second largest such periods (after Memorial Day) for beef sales in terms of volume and dollars spent.
You were supposed to respond to those crazy-good prices in 2014 by saving heifers—and thousands did—even though economists figured the cost of the pregnant female by the next spring was more than $2,200 per head. If you bought bred heifers that year, they may have cost $3,000, but what were their calves worth last fall? See? Too many calves already.
A press release from JBS said the company’s executive directors estimate that the divestment program will result in a capital injection of approximately R$6 billion, (approximately $1.8 billion U.S.) This is in addition to the approximate R$1 billion (Approximately $300 million U.
Cash fed cattle continued their slide last week with live trade at $121-123 and northern dressed trade between $193-195. It was a bad week on the futures market with losses booked every day. The news that JBS’ Five Rivers Cattle Feeders was up for sale appears to have spooked traders for a while.
The Bureau of Land Management (BLM) recently completed an environmental impact study (EIS) that includes a proposal to allow cattle to continue to graze on land it administers within the preserve. The area is managed cooperatively by the BLM and the National Park Service (NPS).
Phil Seng has seen a lot of changes in how beef is marketed to foreign countries in his 35 years of work with the U.S. Meat Export Federation (USMEF). While he maintains enthusiasm about opportunities for continued export growth, Seng will be stepping down from his role as president and CEO of the organization he has led since 1990.