Feeder cattle are losing leverage thanks to large seasonal influx, but margins are still holding.
Fed cattle market is on a slight decline while other markets hold steady.
It comes as no surprise that the organic sector continues to grow at a faster pace than other agricultural production systems. And organic field crops have gained in acreage and value, according to a new USDA report.
U.S. Federally Inspected steer and heifer slaughter for 2018’s first quarter was nearly 1% above a year ago.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
A $3 rally in fed cattle prices pushed profit margins to more than $200 per head last week.
USDA slightly lowered their prediction of 2015 production of beef, pork, broilers and turkey.
U.S. beef exports were down 5.3% in April compared to a year earlier.