News
Seasonal Drought Outlook calls for some drought improvement across areas of the Plains.
Traders look for On Feed to come in below year-ago levels.
Report showed all categories on the bearish side of expectations.
Forecast calls for below-normal precip for bulk of Corn Belt.
Normal precip expected across most of the Corn Belt.
Drought Monitor reflects 60.21% of the nation still covered by some form of drought.
Drier conditions expected in the western Corn Belt, while wet condition to continue in the eastern Belt.
Cattle futures climbed for the first time in three days on signs of increasing demand from U.S. meat processors.
Rains the next two months set the stage for grazing season.
But a majority of the country is still covered by some form of drought.
All categories seen below year-ago levels.
Seasonal Drought Outlook a broken record for Southern Plains.
Cooler-than-usual conditions to linger into month’s end.
Drought monitor notes that 34.96% of contiguous U.S. is drought-free -- little changed from last week.
This should help cattle futures to rebound next week.
Meteorologist Gail Martell provides her weather insight.
January pork and beef trade data are illustrative the opportunities & challenges ahead.
Temps expected to be 10 to 15 degrees below normal over the near-term.
But western Corn Belt not included in forecast for above-normal precip.
Cattle on Feed Report is expected to show On Feed at 93.5% of year-ago levels.
But warns higher prices could impact purchases.
Central and Southern Plains still covered by drought.
Meteorologist Gail Martell provides her weather insight.
The latest YouTube video from farmer Derek Klingenberg pays tribute to hard-working cattle producers.
The second major snowstorm in a week for the southern Great Plains is delivering moisture to U.S. wheat crops.