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Cattle and Beef Markets

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...


by WLJ
2015 July 10
When shopping at the meat counter this Fourth of July, consumers noticed differences in prices per pound compared to last year. A pound of pork chops sold for $3.79 in May 2015 compared to $4.11 per pound in May 2014, a decrease of 7.8 percent. The price of boneless chicken breasts has also fallen, decreasing by 1.


2015 July 10
Producers have many options when it comes to choosing a time and a method to market their calves. There is the option to market calves at weaning straight from the cow, the option to market calves after a backgrounding period, the option to market...


2015 July 2
The retail pork price in May was $3.696/lb., down 7.3 cents from April and 9.8 percent lower than one year ago. The May broiler composite retail price was $1.


2015 June 26
The cash fed cattle trade got underway last Thursday with almost 35,000 head confirmed sold on the negotiated market. Prices for live steers ranged from $147- 150—steady to lower compared to the prior week’s $149-150—and dressed steers were down $2-3 at $235-240.


by WLJ
2015 June 26
Historically small U.S. cattle inventory continues to support high beef prices in 2015, but at least in the short term, increasing imports of processing beef (especially from Australia) and heavy carcass weights have helped moderate some of the price pressures.


by WLJ
2015 June 26
The variation in the percent of total expenses represented by individual expenses across different types of farms reflects how specialized U.S. agriculture has become.


by WLJ
2015 June 26
At 468.56 million pounds of beef in storage, beef stores were up 24 percent compared to last year, but down 3 percent from the prior month. The buildup was entirely credited to increased supplies of boneless beef, most of it likely from Australia given the still-favorable import environment.


by WLJ
2015 June 26
The Agricultural Act of 2014 gradually reduces the cap on land enrolled in the Conservation Reserve Program (CRP) from 32 million acres to 24 million acres by 2017. CRP acreage declined 34 percent since 2007, falling from 36.8 million acres to 24.2 million by April 2015.


2015 June 19
The U.S. Constitution gives Congress the authority to conduct monetary policy. Beginning with the 1913 Federal Reserve Act, Congress has delegated this authority to the Federal Reserve (Fed). Congress has provided the Fed with a dual mandate: price stability and maximum employment.


by DTN
2015 June 19
“Growers have the newest fleet of equipment in the last 40 years. They can run without high repair bills,” notes Wade Litton, General Manager of Wade Inc., a John Deere dealership with 11 locations in the Mississippi Delta. Well-tooled operations combined with an abrupt collapse in grain farm incomes and uncertainty over Sec.


by WLJ
2015 June 12
The most recent World Agricultural Supply and Demand Estimates (WASDE) report, released last Wednesday, altered estimates for beef production and trade. The result is a mostly mixed situation compared to pork and chicken. Estimates on corn production and supply changed only slightly.




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