USDA’s World Agricultural Supply & Demand Estimates released Tuesday project an overall decline in 2021 red meat and poultry production despite a higher beef production forecast.
Overall declines in U.S. beef imports are tied to significant declines from Australia, and that’s a trend likely to continue into next year, Steiner Consulting Group analyst says.
The U.S. House Agriculture Committee held its fourth hearing on livestock markets on Thursday, with witnesses addressing the need for reforms but with no consensus of what such reforms might entail.
U.S. beef exports topped $1 billion in value for the first time in a single month during August, while U.S. pork exports posted another strong month remaining ahead of the record pace established last year.
The Iowa Chapter of the Sierra Club is suing the Iowa Department of Natural Resources in an effort to stop a 11,600-head feedlot in Clayton County that lies near Bloody Run Creek.
Legislative proposals aimed at the U.S. livestock markets could have a negative impact on farmers and ranchers they are intended to protect, Meat Institute argues ahead of Thursday’s House Ag Committee hearing.
Wholesale beef prices have declined nearly 18% since late August at the same time retail prices have risen. But demand for beef remains high, with forward buying increasing the last few weeks.
Ag Secretary Tom Vilsack announces a USDA loan guarantee initiative to create more and better market opportunities, promote competition and strengthen America’s food supply chain
October is historically the month with the most pressure on calf prices and last week saw auction markets with mixed prices, from $2 higher to $5 lower.
