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2015 November 6
September beef export volume fell 21 percent from a year ago in September to 79,474 metric tons (mt) and value was down 28 percent to $456.6 million—the lowest since January. For the first nine months of 2015, exports were down 12 percent in volume (782,705 mt) and 8 percent in value ($4.


2015 November 6
Last week, the unheard of happened; southern California got rain. Hail, heavy rain and snow in the higher elevations resulted in flooding in some areas, but it was precipitation in the parched state. Despite this wet interlude, California’s intense drought continues.


2015 November 6
While FSA announced more than $3.9 billion in commodity payments started to go out recently to roughly 800,000 farmers, FSA staff are concerned at least some farmers don’t understand the nuances of the ARC-County program. It isn’t like the old Direct Payments program because not everyone is going to receive a check.


by WLJ
2015 November 6
Although same-store sales and customer traffic remained positive in September (most recent data), the National Restaurant Association’s Restaurant Performance Index (RPI) registered a modest decline. The RPI—a monthly composite index that tracks the health of and outlook for the U.


2015 October 30
The cash fed cattle trade started up quickly last week, with over 54,000 head being confirmed sold by Wednesday. By Thursday afternoon, that number had grown to almost 65,000 head. Live cattle traded at $134-139, a wider range than seen the prior week, and $208-210 dressed, steady with the prior week.


2015 October 30
September placements were close to expectations at 96 percent of last year, as were marketings at 98 percent of one year ago, leading to an Oct. 1 on-feed total of 10.2 million head or 102.3 percent of last year. The relatively strong marketings number was confirmed by a 5.


by USDA
2015 October 30
Beef prices typically experience a seasonal decline at the end of summer, but the decline in prices since August this year has been particularly steep, and the combination of abundant supplies and lower demand suggests cattle and beef prices could continue to decline.


2015 October 23
Like it or not, it’s a global economy. U.S. meat goes out and foreign meat comes in. But where does made-in-America meat go and from where does the foreign meat hail? A recent USDA report examined the U.S. top meat trade partners, import regulations, and what to expect for the future of trade.


2015 October 23
The past couple months likely will go down as some of the most turbulent in memory for most cattle producers. At the heart of industry-wide price declines and rallies has been concern and uncertainty regarding both supply and demand fundamentals. Most of the near-term supply pressures related to extra-heavyweight fed cattle are well documented.


by DTN
2015 October 23
Fed cattle prices declined more than $20 per cwt. from late August to early October, and early estimates of September losses are as high as $350 per head, according to Purdue University Ag Economics Professor Michael Langemeier. If the trend continues, October losses could soar to $550 per head.


by WLJ
2015 October 16
The most recent World Agricultural Supply and Demand Estimates (WASDE) report reflects a host of international economics situations as they play out on the domestic market. Declining demand for U.S. meat is resulting in declining exports and more meat on the domestic market.


2015 October 16
By close of trade on Thursday, not even 5,000 head had been confirmed sold in the negotiated sales. Those that had sold went for $123-126 live and $198 dressed. Though this volume was too low for setting any sort of market trend, the prices were within the upper level of the prior week’s price ranges.


2015 October 16
A recent Cow/Calf Corner newsletter discussed cull cow grades. Remember cull cows that are destined to go to the packing house are graded by their fleshiness. The fattest cows are called “Breakers.” Moderately fleshed cows are “Boners.” Thin cows are called “Leans” or “Lights,” depending upon the weight of the cow.


2015 October 16
There are encouraging signs that fed and feeder cattle markets have turned the corner on the massive slide in prices in recent weeks. Notice that I didn’t say “correcting the over-correction.


2015 October 16
For many years, cattle producers experienced a somewhat predictable cattle cycle approximately 10 years in length. However, during the last 15 years, an abnormal number of outside events have caused the cycle to be less predictable and left producers wondering if the cattle cycle is relevant for planning purposes.


by DTN
2015 October 16
The economy hit the skids about the time we formed the partnership, and for most years the Schedule K-1 allocations were insignificant. There really was not any profit until 2015. This year the company made a large sale, and my share of the profit is in excess of $300,000.


by USDA
2015 October 16
Because land is a critical input to farming and farm real estate represents such a large portion of the value of farm sector assets (around 80 percent), the ownership of agricultural land is a topic of interest to farmers, lenders, policymakers and others concerned with the farm sector.