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2016 February 7
“Many roads are still closed in Nebraska, Iowa, South Dakota, and Minnesota, which has several beef and pork plants in the area either starting to kill late or cancelling first shift slaughters all together,” reported Troy Vetterkind of Vetterkind Cattle Brokerage last Thursday morning.


by USDA
2016 January 22
The value of the U.S. dollar against other major currencies strengthened considerably in 2015, accelerating a trend that began in 2011. The agricultural tradeweighted exchange rate is a broad measure of the value of the dollar against 79 foreign currencies, weighted by their share of U.


2016 January 22
“We’ve been having good cotton yields lately, the last two years,” he said. “Some growers have managed to produce four bales per acre. With each bale weighing about 500 pounds, some have been meeting that 1-ton cotton goal that before the decline in boll weevils was just a dream here.


2016 January 22
People were less excited to buy cattle last week compared to the prior week. Whereas the prior week saw 90,000 head trade by Thursday, last week couldn’t even muster 4,000 head traded by Thursday. Cattle buyers were likely waiting for the release of the Cattle on Feed report to give the manic market some direction.


by WLJ
2016 January 22
In the first World Agricultural Supply and Demand Estimate report of the year, forecasts for beef production in 2016 have fallen 75 million pounds (mp) from the previous report’s estimate to 24.67 billion pounds (bp).


by USDA
2016 January 22
As China enters a new phase of its economic development, its demand for higher-valued products like meat and dairy products is growing rapidly. China’s imports of meats during 2013-14 were more than double the volume imported during the early 2000s.


2016 January 15
The cost of producing one unit of output is extremely important information in any business. It determines your break-even price which, in turn, helps determine pricing decisions and profit margins. It also provides a baseline for comparison to other producers with the same or similar output so you can see how competitive.


2016 January 15
November beef exports totaled 95,799 metric tons (mt), down 1 percent from a year ago but the largest volume since June, while export value fell 17 percent to $519.7 million. For January through November, beef exports were down 11 percent from a year ago in both volume (973,028 mt) and value ($5.


2016 January 8
Live cattle futures were trading fairly sideways last week after the prior week’s rally. But then Thursday trade, which opened in the U.S. following another day of the Chinese stock exchange trading locked down after mere minutes of opening, saw limit-down trade in almost all contracts on the board.

by USDA
2016 January 4
The average annual rate of global agricultural output growth slowed in the 1970s and 1980s, then accelerated in the 1990s and 2000s. In the latest period estimated (2001-12), global output of total crop and livestock commodities was expanding at an average rate of 2.


2015 December 27
The market year of 2015 was head-spinning in its difference from 2014. While this holds true generally across all sectors of the market, it was most poignantly felt by cattle feeders. The year 2014 was a record up year for feeder cattle prices, 2015 may well prove to be one of the worst down years for cattle feeders.


by WLJ
2015 December 27
“The report is kind of friendly across the board with total on-feed numbers coming down,” noted Troy Vetterkind of Vetterkind Cattle Brokerage. He also pointed out that “There was one extra slaughter day this year compared to last year, helping to give the better marketing number.


by DTN
2015 December 27
Albert Einstein supposedly remarked that the hardest thing in the world to understand is the income tax. That may have been a quick quip back then. If he were around today and encountering the individual retirement account (IRA) distribution rules, he’d be dead serious.




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