Farm Economy
A Rabobank report examines potential for Lean Finely Textured Beef to recover its position in U.S. food supply.
With the cookout season in full swing, it’s a good time to take a close look at beef supplies and cattle numbers.
Beef Products Inc., the maker of lean finely textured beef, is closing three plants following media firestorm over the product.
A coalition of the U.S. livestock and poultry industry associations ask for hearing to discuss the Renewable Fuel Standard’s impact on the economy.
I’ve always thought of export markets as important to byproducts—the stuff you and I won’t eat. But if this economy doesn’t improve, or corn prices don’t come down, we may have to start thinking of the loin as a byproduct—not something Americans won’t eat so much as something they can’t afford to eat.
As the nation begins to emerge from recession, changes are on the way for the restaurant industry in 2011
On the topsy-turvy roller-coaster ride of cattle prices this past year, one thing that most economists agree on is that the cattle industry remains in a strong position going into 2011. Cattle supplies continue to be at their lowest while demand is steady. The one monkey wrench in what could be a great year for cattle producers is high feed costs.
The outlook for 2011 shows potential profits for all segments of the beef industry.
Washington, D.C. session pulled previous sessions together and had focus on margins.
Passage still expected despite Senate move which ran afoul of the Constitution.
Eastern Livestock, LLC., one of the oldest and the biggest cattle order buyers in the U.S., has some $81 million in bad checks floating around the country.
The following information was released by Purdue University - West Lafayette:It costs a lot more this year to feedmeat animals corn and soybean meal than it did just a few years ago. By the end of 2011, meat eaters will be forking out more money, as well, a Purdue University agricultural economist says.Rising grain prices are pushing feed costs higher for U.S. livestock producers, said Chris Hurt. With feed making up as much as 60 percent of a livestock producer’s costs, beef and pork producers are expected to reduce their herd sizes or leave them unchanged next year. Poultry farmers could increase production slightly.
Escalating unrest in the Middle East is not only going to continue to drive fuel prices up, there’s also a good chance it will do the same to the costs of fertilizing pastures
What should have been good news for the grain and oilseed markets ended up having the opposite effect as we ended the week down, sharply down some cases says Jerry Gulke, president of the Gulke Group.
The farm economy has been struggling for a while now, especially with weak cattle prices and disease issues in wheat.
Commodities dropped 40-60% in value the past few years. How much longer will the slide continue?
Concerns about livestock prices took some air out of the Purdue/CME Ag Economy Barometer, pushing the new index down to 97 in May from April’s 106.
Cattle futures have taken another turn over the past two weeks as prices have drifted lower, correcting the big December 17-24 advance.
If our nation’s consumers can limp along and hold this bedraggled economy to its walker, beef should have a chance to make that decent recovery.
Today, the World Trade Organization’s (WTO) arbitration panel announced its final ruling that the United States’ Country of Origin Labeling (COOL) requirements for livestock and meat imports have cost our trading partners over $1 billion dollars.
China’s building up their beef industry with cattle flown in from Australia.
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.
There are likely few benefits for the U.S. in exporting abundant natural gas supplies, says a Purdue University energy economist.
Global feed production is expected to contract for the first time ever next year.