Can Livestock Make Money in 2018?

Making Money in 2018

Cheap grain has allowed the U.S. livestock sector to grow. The latest crop report from the USDA shows more cattle producers are feeding corn than wheat to their herds, which is beneficial to get them to grow.

Doug Werling of Bower Trading, Inc. thinks this expansion in cattle is warranted now that China has opened their market to U.S. beef.

Demand in Japan for U.S. beef is expanding as well, despite the tariff Japanese officials leveraged on the product last year. That tariff is expected to be lifted in March.

“We have seen the overall expansion supply in the U.S. be supportive and help support prices because of the global growth situation,” he said on AgDay. “Once you get a taste for that, and you have more money, you’re not going to go back on it.”

Hear Werling’s thoughts on if grains can get enough demand from livestock to see better prices on AgDay above.

Tags

Cattle
 

Latest News

Beef Production
Markets: Cash Cattle Rebound, Futures Notch Four-Week High
Markets: Cash Cattle Rebound, Futures Notch Four-Week High

After a mostly sluggish April, market-ready fed cattle saw a solid rally in the North and steady money in the South. Futures markets began to look past the psychologically bearish H5N1 virus news.

Greg Henderson
Ag Policy
APHIS To Require Electronic Animal ID for Certain Cattle and Bison
APHIS To Require Electronic Animal ID for Certain Cattle and Bison

APHIS issued its final rule on animal ID that has been in place since 2013, switching from solely visual tags to tags that are both electronically and visually readable for certain classes of cattle moving interstate.

Greg Henderson
Industry
How Do Wind, Solar, Renewable Energy Effect Land Values?
How Do Wind, Solar, Renewable Energy Effect Land Values?

“If we step back and look at what that means for farmland, we're taking our energy production system from highly centralized production facilities and we have to distribute it,” says David Muth.

Margy Eckelkamp
Beef Production
Ranchers Concerned Over Six Confirmed Wolf Kills in Colorado
Ranchers Concerned Over Six Confirmed Wolf Kills in Colorado

Six wolf depredations of cattle have been confirmed in Colorado from reintroduced wolves.

Maggie Malson
Beef Production
Profit Tracker: Packer Losses Mount; Pork Margins Solid
Profit Tracker: Packer Losses Mount; Pork Margins Solid

Cattle and hog feeders find dramatically lower feed costs compared to last year with higher live anumal sales prices. Beef packers continue to struggle with negative margins.

Greg Henderson
Beef Production
Applying the Soil Health Principles to Fit Your Operation
Applying the Soil Health Principles to Fit Your Operation

What’s your context? One of the 6 soil health principles we discuss in this week’s episode is knowing your context. What’s yours? What is your goal? What’s the reason you run cattle?

Shaye Koester-Wanner
View More