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by USDA
2015 August 7
Imported food and beverages that were purchased directly by U.S. consumers (such as farm-raised shrimp from Thailand, fresh avocados from Mexico, and wines from Spain) accounted for $186.9 billion—13 percent of this total. The remaining 87 percent ($1.3 trillion) was spent on domestically-produced food and beverages.


2015 July 24
The most recent Cold Storage report shows a growing stock of all the major protein in U.S. warehouses. All told, stores of all meat (red meat and poultry) as of June 30 stood at 2.33 billion pounds, up 17 percent from the same time last year. Most of this increase came from increases in stored beef, though all the major proteins saw increases.


by USDA
2015 July 24
Herbicide-tolerant (HT) crops, developed to survive the application of specific herbicides that previously would have destroyed the crop along with the targeted weeds, provide farmers with a broader variety of options for weed control. Insect-resistant crops (Bt) contain a gene from the soil bacterium Bacillus thuringiensis that produces a protein.


2015 July 24
Cash cattle trade was slow to develop last week ahead of the release of the monthly Cattle on Feed and bi-annual Cattle Inventory reports. By close of trade on Thursday, over 20,000 head had been confirmed sold with prices ranging from $144-147 live (averaging in the low $145s) and $230-233 dressed (averaging in the upper $231s).


2015 July 24
The All Fresh retail beef price was $6.114/lb., up $0.059 cents from May and up $0.606/lb. from one year ago. The June retail pork price was $3.703/lb., up $0.007/lb. from last month but $0.413/lb. lower than June of 2014. The retail broiler composite price was $1.


by USDA
2015 July 24
Since USDA’s Agricultural Resource Management Survey began collecting data in 1996, the median income of farm households has risen while real U.S. median household income has remained essentially flat. This may be due to a variety of factors including farm consolidation, increasing commodity prices, and minimal increases in hourly wages for all U.S.


2015 July 17
The most recent World Agricultural Supply and Demand Estimates (WASDE) report was a boon to corn farmers and likely left a bitter taste in the mouths of cattle and beef ranchers concerned with the trade situation; corn stocks are down, meaning prices are up, and the U.S.


by WLJ
2015 July 17
Seventy-nine to 86 percent of retirement, off-farm occupation, and lowsales farms are in the “red zone” (farms with an RRA of less than 1 percent), indicating a very low return to farming. The share of farms in the red zone drops rapidly for the remaining family farm types, those with moderate sales and higher.


2015 July 17
Accumulating assets is one thing. Converting those assets into a retirement income stream you can’t outlive is another. One way to derive income from your investments is to distribute only the interest and/or dividends the investments generate each year.


2015 July 10
The JBS acquisition includes two Midwest meat processing plants; one in Ottumwa, IA, and the other at Beardstown, IL. Both plants were acquired by Cargill in 1987, and in 2014 they processed a total of 9.3 million hogs. The purchase also includes five feed mills—two in Missouri, and one each in Arkansas, Iowa and Texas—and four hog farms—two in.


2015 July 10
Beef exports moved counter-seasonally lower in May, dropping 14 percent from a year ago to 88,466 metric tons (mt). Export value dipped lower year-over-year for the first time since January, reaching only $556.7 million (down 6 percent). For January through May, exports totaled 430,393 mt, down 10 percent from the same period in 2014.


by DTN
2015 July 10
In a statement delivered in the Rose Garden, Obama said, “In January of 1961, the year I was born, when President Eisenhower announced the termination of our relations with Cuba, he said: ‘It is my hope and my conviction that in the not-too-distant...




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