The report says total crop receipts are expected to increase $6.5 billion from 2019 levels. Total animal product receipts are expected to decrease $9.7 billion.
U.S. President-elect Joe Biden has said that he will not immediately act to remove the Phase 1 trade agreement, which President Donald Trump inked with China, the New York Times reported on Wednesday.
The surge of COVID-19 cases across the country is hitting rural hospitals especially hard. Many aren’t equipped to handle critical patients. Now some hospitals are unable to send patients to urban hospitals for care.
Cattle feeders saw modest profits for the 10th consecutive week, a headline-worthy observation in normal times. The beef complex is not operating in normal times.
New research published by the National Academy of Sciences ties livestock meat packing plants to 6% to 8% of U.S. COVID-19 cases, and 3% to 4% of the deaths through late July.
Market analysts see signs that feedyards have significantly reduced the COVID-19-induced backlog of cattle and are regaining currentness, also a key factor in the recent market rally.
On Nov. 9, more than 200 local meat and poultry processors in Iowa were awarded Meat Processing and Expansion Grants from the Iowa Department of Agriculture and Land Stewardship.
Cattle and hog finishing margins remain positive for the sixth consecutive week, but cash prices for both declined modesty last week and margins eroded.
