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Profit Tracker: Cattle, Hog Margins Improve

Cattle feeding margins improved $60 per head the week ending Feb. 12 and hog margins reported profits for the second consecutive week as lean hog prices rallied.

Senate to Vote on Vilsack's Secretary of Agriculture Confirmation Next Week

The Senate has scheduled a vote on Tom Vilsack’s nomination for Secretary of Agriculture on Feb. 23. In early February, the Senate Agriculture Committee unanimously approved President Biden's pick to lead USDA.

Cattle and hog feeding
Profit Tracker: Growing Packer/Feeder Margin Spread

Cash fed cattle prices ended last week $10 per cwt. lower than last year while the beef cutout closed $16 higher than the same week a year ago. The result? Packer margins $314 per head more than last year.

Is Phase One or Politics Driving China’s Record Appetite for U.S. Ag Products?

Whether it’s to fulfill Phase One promised, or an increased need for feed, some say the timing of the record Chinese buys isn’t a coincidence. So, what's driving the record demand from China?

U.S. Senate Agriculture Committee Chairwoman Debbie Stabenow (D-MI) speaks during a news conference in the U.S. Capitol in Washington, U.S., January 26, 2021. REUTERS/Al Drago
Sen. Stabenow Supports CFAP Freeze and Review

Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) says she supports the Biden Administration’s move to freeze payments under the Coronavirus Food Assistance Program (CFAP).

Animal Protein Sector Needs to Realign with 2020 Foodservice Survivors, CoBank Says

Flexibility remains critical for animal protein industry, CoBank says, as foodservice sales are not likely to reach pre-pandemic levels before mid-2022.

Screen shot of USDA's CFAP webpage.
USDA Freezes $2.3 Billion Supplemental CFAP

USDA late Wednesday posted notice that $2.3 billion in supplemental Coronavirus Food Assistance Program (CFAP) payments will be temporarily frozen.

Cattle and hog feeding
Profit Tracker: Steady In The Red

Cattle and hog feeding margins were little changed last week, with both recording modest losses. Beef packers saw improved margins on significant gains in wholesale beef prices.