Markets
Cattlemen sought relief from devastating cattle markets following the August fire at a Kansas packing plant.
Following an explosion Oct. 17, Cargill says it is sending live cattle to other facilities but expects its Dodge City cattle receiving operations to resume early next week.
Cargill’s Dodge City, Kan., beef processing facility was back online Monday morning after an explosion on Wednesday, Oct. 16, 2019.
Consumers will soon learn how beef farmers and ranchers take to care of their animals to produce high quality beef in a new promotion and advertising campaign about the Beef Quality Assurance (BQA) program.
Cattle feeders continue to take advantage of the advancing cash market, with higher sales in all regions last week.
Cargill says it closed its Dodge City beef packing and processing facility on Thursday after an explosion injured two employees.
CAB growth credited to “an entire community of Angus farmers, ranchers and feeders being extremely intentional over several years in the way they breed, raise and care for their cattle with a focus on quality.”
While fed cattle supplies remain historically large, they are set to decline moving forward. Seasonal supplies will be at their peak in the first quarter of 2020.
Agricultural markets will be impacted by world population growth, economic growth and the expanding middle class, African Swine Fever and the development of alternative proteins.
Citing concerns about foreign ownership of U.S. companies, two U.S. senators have asked Treasury Secretary Steve Mnuchin to open a formal investigation of JBS SA.
“When ranchers and cattle feeders read the day’s news and reports, there needs to be a positive dialogue. We ought not squander the opportunity.”
Wes Shoemyer, a Missouri farmer and speaker at last week’s “Rally to Stop The Stealin’” in Omaha, responds to critics of the #FairCattleMarkets movement.
From a seller’s perspective, the fed-cattle trade continues to improve, with last week’s numbers making it the third straight week of higher prices since September 9th.
It is disconcerting to watch as a few become disruptive at a time when the beef industry is realizing very positive progress in moving to satisfy the most important aspect of any business – the customer.
While many cattlemen were surprised and frustrated with market reactions after the fire, Derrell Peel says the type and duration of price behavior are exactly what is predicted by market economics.
The upward trend in cash cattle could continue through the holiday rib demand, with Choice product being in short supply.
Our view or definition of traceability and the process involved shapes our perspective of the premium and implementation cost.
Both cash fed cattle and feeder cattle posted gains for the week ending Sept. 27, while wholesale beef prices saw significant declines.
With seven weeks passed since the fire at Tyson’s Finney County, Kan. plant, the impacts and resulting ripple effects are clearer now and are fading as expected.
Tom Jones and his Hy-Plains Feedyard team keep feeding, learning and showing the way to better.
The September Cattle on Feed report highlights some regional differences in the current feedlot situation among the four largest feeding states.
The August fire at Tyson’s Finney County, Kan., beef facility too 6% of slaughter capacity offline and forced packers to scramble to pick up the slack at other harvest locations.
All cattle feeding areas were able to take advantage of the packer’s need for cattle last week and cash prices moved higher.
U.S. cattle on feed Sept. 1, 2019, were estimated at 11.0 million head, down 1% from a year ago, USDA reports.
Beef production will increase this year, and that remains a key driver for the price of fed cattle.
Stocker and feeder cattle prices were $2 to $7 higher at auction across the nation. Abundant forage conditions has left ranchers in no hurry to sell cattle.
Citing growing frustration with low cattle prices while beef packers reap large profits, a grassroots campaign was launched this week seeking the support of President Donald Trump.
Cattle markets continued under pressure in the first full week of trading following the Labor Day holiday.
A fire Friday afternoon at Cargill’s Doge City, Kan., facility was quickly extinguished and damage to the plant was minimal and no impact on operations is expected.
The rapid growth in Chinese beef imports has dramatically altered global beef flows with several countries now exporting a significant share of total exports to China.