Despite finding that 7 in 10 producers said the current economic recession had impacted their operations negatively, their approval of the beef checkoff increased from 68% in 2009 to 69% in 2010.
Fed cattle prices were sharply lower this week on good volume.
Beef cutout prices trended about $2.80 per cwt. higher to $256.37, and packer margins improved more than $26 per head, resulting in losses of $15 on every animal processed.
By the numbers, cattle producers with summer stockers and cow-calf operations should be experiencing a bit less stress about the market this year.
U.S. feedlots unexpectedly bought 4.7 percent fewer cattle in March than a year earlier, as herds declined in Texas, Oklahoma and Washington state, a government report showed.
Corn production is forecast at 14.2 billion bushels, down 7 percent from last year. Based on conditions as of August 1, yields are expected to average 169.5 bushels per acre, down 5.1 bushels from 2016. If realized, thi
April placements of cattle on feed totaled 9% more than a year ago, with marketings 7% higher.