“If we step back and look at what that means for farmland, we're taking our energy production system from highly centralized production facilities and we have to distribute it,” says David Muth.
August placements of cattle into feedyards were the lowest since 1996, according to USDA’s monthly Cattle on Feed report, another indication that U.S. cattle numbers are as tight as feared.
The latest livestock trade data indicates that the Mexican cattle industry is undergoing rapid and dynamic change, which will affect cattle and beef flows between the U.S. and Mexico.
National checkoff leaders this week approved a Cattlemen’s Beef Board (CBB) budget of about $40.7 million for Fiscal 2014, reflecting a 5.6 percent decrease from the Fiscal 2013 amended budget, amid continued tight supplies and an expected slowing of cow slaughter.
Just as the summer grilling season is heating up, beef supplies across the country are down, meaning it might cost a little more to host that backyard party.
JBS SA, the world’s biggest beef producer, is counting on steak-hungry consumers in Asian nations to help propel total exports past $10 billion for the first time this year.
Feedlot owners unexpectedly increased the number of cattle added to their herds in March as a drop in corn costs improved prospects for an end to operating losses.
The U.S. has relied so heavily on Mexican feeder cattle imports to supplement supply that experts are now calling the levels of imported cattle unsustainable.
But maintaining clear records and establishing a good relationship with a banker still help operators win financially, says Stephen Hatz, senior vice president at Bank of the West.
As you spend a few more hours inside during the winter months and make plans for the year ahead, be sure to check out the online tools, news and market information at AgWeb.com.
Connect with landlords, share the story of production agriculture, inform non-farming family members about what’s happening on the farm--all reasons to create a website or blog for your farm.