As Nebraska continues to battle what appears to be the worst natural disaster in state history, stories are slowly starting to pour out of the region from farmers and ranchers impacted by the flood.
As cannabis in the form of industrial hemp receives crop status in the 2018 farm bill and a growing number of states have legalized medical marijuana and industrial hemp production, who will meet the need?
Supply and demand flows for most agricultural markets are commonly summarized in the form of supply and utilization tables, often called the balance sheet.
Demand in 2018 appears to be rounding into form similar to the previous two years with continued strong demand that has supported beef and cattle prices through the entire production chain.
Wildfires have burned up to 200,000 acres in Oklahoma forcing the Governor to declare a state of emergency, while cattlemen are banding together to form a relief fund to lend a helping hand.
Nearly 90 people were defrauded out of $4.7 million in an investment fraud scheme involving the resale of cattle and it has put a Missouri man in police custody.
A California man was arrested in Texas after allegedly stealing and defrauding customers and partners out of $1.5 million worth of cattle and sales receipts.
Chicago Mercantile Exchange live cattle on Monday lost ground for a second straight session, hit by technical selling and the "roll" by funds out of June into deferred contracts, traders said.
Cash market prices topped out for the year in February when the weekly 5-market average was $129.75 per cwt. (live basis) and prices eroded only to rebound slightly in May to $124.81.
Looking at the same 8-week period in sales, we can see that packers have done a good job of moving product through forward sales of boxed beef with delivery dates of 21 to 90 days out.
