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Beef demand has been strong up to this point but clearly there are more concerns about demand and input prices going forward. There is little choice but to stay tuned and try to remain as flexible as possible.
Cash fed cattle prices came under pressure last week as packer needs were lighter than in recent weeks. Wholesale beef prices have declined resulting in lower margins for processors.
Implementation of the Veterinary Feed Directive left a significant loophole for products that were available over-the-counter (OTC) by other dosage forms. OTC availability of these products will end by June 11, 2023.
Crude oil hit a 13-year high and wheat topped $13. With front-month soybeans soaring past $17, and corn nearing the $8 mark, the crisis in Ukraine means food and fuel inflation fears are also heating up.
Just as wheat prices hit a new all-time high, the March contract was spooked, as profit taking caused the front-month contract to drop more than 80 cents in minutes. Despite that, the fundamental story hasn’t changed.
Wheat and corn prices continued to find fuel this week from the ongoing conflict in Ukraine, but cattle markets were in retreat. The Russia/Ukraine conflict will continue to play a role in markets moving forward.
This is a broad-spectrum, prescription antibiotic that treats the major organisms associated with bovine respiratory disease (BRD), foot rot and pinkeye.
Soft Red Winter (SRW) futures hit an all-time high Friday, as consecutive limit up trading days meant wheat prices topped a previous high set in 2008.
With the U.S. on the back end of COVID-19 and the conflict between Russia and Ukraine unraveling, USTR Katherine Tai says her office is currently focused on three themes: resilience, sustainability and competition.
Based on the National Weather Service North Central River Forecast Center’s latest forecast, there is a 90% chance that the Red River will exceed the major flood stage this spring.
Drought covering the continental U.S. grew by 2 points this week, now covering nearly 60% of the country. As the drought grips the Wheat Belt and key areas for cattle production, it’s creating concern for 2022.
Vytelle is progressing on a five-year plan to provide accessible hormone-free bovine in vitro fertilization (IVF) to producers. Three new laboratories will soon be operational and accessible to cattle producers.
Brendan and Elaine Martin, owners of Martin Angus and Blue Cedar Beef, Mt. Solon, Virginia, were recognized with the 2022 Tomorrow’s Top Producer Horizon Award.
The U.S. Roundtable for Sustainable Beef launches additional sustainability modules for the retail and food service sector, which completes the module series for the entire U.S. beef value chain.
Nobody alive today has seen weather this dry in Northern California during January and February, normally the two wettest months of the year. That’s a dramatic turnaround from record snowfall in December.
With the low amount of moisture that ranchers have received over the winter, the experts at Kansas State University’s Beef Cattle Institute said now is the time to think about management strategies for a drought.
As the Ukraine crisis continues to grab the world’s attention, President Biden’s State of the Union address declared the U.S. is in a better place than it was a year ago, while agriculture was left largely unmentioned.
Wheat futures were fueled by the ongoing Russia-Ukraine crisis on Wednesday. As a result, front-month wheat contracts hit daily trading limits and soared to a 14-year high.
Highlighting sustainability in the beef industry and how it can be demonstrated and proven through existing current practices and a focus on record keeping.
Quality grades set record highs for combined Choice and Prime carcasses during the first five weeks of 2022, slightly higher than last year. Prime grades are down marginally from year-ago at 10% vs. 10.8% last year.
You should provide assistance immediately if you notice an abnormal presentation of the calf (AKA back feet, only one leg, etc.) or when there is no progress after 30 minutes for a cow or 60 minutes for a heifer.
Expect Russia’s invasion of Ukraine to dominate the State of the Union address tonight. As for issues affecting agriculture, there may be few details offered, says USDA Secretary Tom Vilsack.
Even in regions showing gains in beef cow inventories, price increases have been slow to develop this year. Overall, ranchers continue culling the breeding herd at a significant rate through the first quarter of 2022.
Friday’s Cattle on Feed was not expected to create any additional near-term market volatility. Yet, a closer analysis finds heavy front-end numbers along with signals the feeder cattle supply is tightening.
With uncertainty taking over the grain market, it’s a double whammy for livestock producers who are facing higher feed costs, as inflationary pressures may create more headwinds on the demand side in 2022.
First it was just drought, now we have war in eastern Europe. On Feb. 24 Feeder Cattle futures were down over $4, Live Cattle were down over $2. The futures market jitters have given a lot of us more to worry about.
![“Asian exporters are paying premium shipping rates, sometimes 10 times what the rate is for going from the [United] States back to Asia, and this shipping rate disparity incentivizes sending back those empty containers,” Borror said.](https://assets.farmjournal.com/dims4/default/92c7bcd/2147483647/strip/true/crop/840x561+0+19/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2F2021-02%2FExport-ship-840.jpg)
Current shipping bottlenecks and the importance of a “just-in-time” market loom over red meat exports in 2022. USMEF Economist Erin Borror commented on the industry’s supply chain challenges.
The Cattlemen’s Beef Board (CBB) has released its official 2021 Annual Report including information about projects and results within each of the organization’s program areas.
The Russia-Ukraine conflict produced another set-back for fed cattle last week. The industry is hoping this week will bring less volatility in the markets.
With revenues and costs rising, cattle producers must adjust cattle production and marketing to maximize profits.