Drovers
U.S. House Agriculture Committee Chairman David Scott introduced legislation Friday he says will provide financial assistance and create new marketing opportunities for small cattle producers.
The National Cattlemen’s Beef Association announced its priorities for the 2023 Farm Bill based on producer input at the association’s Summer Business Meeting in Reno, Nevada.
The National Cattlemen’s Foundation is accepting applications for the annual W.D. Farr Scholarship program that awards two $15,000 scholarships to graduate students.
After a rally during the first week of 2016 to $134.04 per hundredweight, the 5-Area Accumulated Average Cattle Price dropped to $132.30 per hundredweight.
After a small dip last week to $132.30 per hundredweight, the 5-Area Accumulated Average Cattle Price jumped back up to $133.24 per hundredweight.
U.S. beef exports in November showed signs of a rebound, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), contractor to the Beef Checkoff Program.
U.S. beef exports were down slightly from November 2014, but posted their largest volume (95,799 metric tons) since June. Most Asian markets performed well for U.S. beef in November, but exports continued to slump to le
There are few losers in the cattle market right now. From packers all the way down to cow-calf producers, current prices this summer are turning profits far into what is typically a seasonal lull.
America’s cattle feeders earned an average of $323 on a cash basis for every steer and heifer they sent to market during the first eight months of 2017.
A $1 per cwt rally helped boost cattle feeding profits marginally last week while packers lost a little off their large margins.
Packer margins improved $55 per head last week as Choice beef cutout values gained nearly $4 per cwt and cash cattle prices declined $1 per cwt.
Cattle feeding losses averaged $83 per head last week, while packers recorded $168 per head profits, according to the Sterling Beef Profit Tracker.
Cattle feeding profits improved with $1 per cwt. higher cash prices and lower feeder cattle prices calculated against last week’s closeouts.
While cash cattle prices slipped only modestly, cattle feeders saw margins erode by $86 per head, falling from an average profit of $38 two weeks ago to an average loss of $49 per head last week.
The cash market for fed cattle last week gave some relief to feeders and overall market sentiment in the wake of the prior week’s $5/cwt. decline.
Losses continued to grow for feedyards and the spread between feeder losses and packer profits only widened with a $1.50 per cwt. decline in cash cattle prices last week.
Beef packer continued with a stranglehold on cattle markets last week, buying a few cattle to fill their needs at lower money and keeping operating margins historically high.
Billions in breaks for energy sought in ‘tax extenders’ bill.
Beginning Monday, USDA’s Market News will issue two new reports based on Mandatory Livestock Reporting data to provide further insight into formula cattle trades and help promote fair and competitive markets.
With the industry divided on the Cattle Price Discovery and Transparency Act legislation, perspectives range across regions of the U.S. TCFA president and CEO Ben Weinheimer shares his southern plains viewpoint.
AgriTalk host Chip Flory discusses the status of the Cattle Price Discovery and Transparency Act with Senators Deb Fischer and Chuck Grassley.
The many moving pieces in grid marketing make it a bit of a chess game, but learning to play opens more opportunity for big wins. Ranchers can target cow herd genetics toward factors driving value in the supply chain.
Price discovery in today’s fed cattle market “appears to be functioning effectively in even the thinnest regional fed cattle markets,” according to an analysis by University of Arkansas agricultural economists.
The agency announced it will not finalize a plan introduced by the Trump Administration, instead handing control of rulemaking to its Animal and Plant Health Inspection Service.
Clear Lab uses a robotic platform to improve food safety and its method shortens testing turnaround times by up to five days.
A longhorn herd is part of a beta testing program of a ‘Fitbit’ like chip tagged to the cattle’s ear and transmits bio-data through a smart phone app.
Livestock industry groups applauded the move and expressed optimism it would ultimately be scrapped.
Heat and dryness in the forecast drove price action as traders prepared for the July 4 break.
U.S. President-elect Joe Biden has said that he will not immediately act to remove the Phase 1 trade agreement, which President Donald Trump inked with China, the New York Times reported on Wednesday.
The dollars tagged for such purposes are part of the Build Back Better program, the Biden administration’s COVID-19 relief plan.