USDA’s Cattle Report shows the expansion stage is coming to an end. The total inventory as of January 1 is 94.4 million head, down slightly from 94.8 million head a year ago. It’s not a surprise to industry.
The fire sent cattle prices plummeting. Portions of the industry demanded an investigation and USDA said it was looking into it. Experts at the cattlemen's convention told AgDay that report is still pending.
U.S. beef exports continue to remain strong, according to USMEF. The Federation released its year-end numbers on 2019 export sales last week, and it says beef exports are down slightly from the record year of 2018.
Trade with China is also a topic on Capitol Hill. The Senate Ag Committee holding a hearing on the state of the livestock industry. It was a hearing from representatives throughout the livestock sector.
However, has there been any progress on other trade deals? With the markets swinging up and down during Monday's trading session, what is happening?
AgDay and U.S. Farm Report reporter Betsy Jibben has the story.
No rest for the U.S. trade team. The negotiators meeting with Japanese officials about a possible trade deal between the two countries with an emphasis on agriculture.
AgDay National Reporter Betsy Jibben has more.