FAPRI Sees Little Net Farm Income Change

The latest analysis of national and global agricultural trends from the University of Missouri’s Food and Agricultural Policy Research Institute indicates little change in net farm income this year and a slight increase in 2019. This projects to about $60 billion for the third straight year this year. Each March, economists with the Food and … Read More

US Remains Small Meat, Dairy Importer

Import data for all of 2017 shows the US is a relatively small importer of meat and dairy products, which is consistent with past years, the USDA’s Economic Research Service said in its monthly Livestock, Dairy, and Poultry Outlook Wednesday.   CATTLE/BEEF   In 2017, US beef imports were 11.3% of total domestic disappearance.  In … Read More

Seasonal Downturn Ahead For Beef

Wholesale boxed beef prices are about to turn lower for a few weeks before turning higher into the high point of the year, if they follow seasonal norms. Data from the USDA’s Agricultural Marketing Service shows a seasonal top the second week of March before dipping to the seasonal low the second week of April.  … Read More

January Beef, Pork Exports Off To Good 2018 Start

January exports of US beef and veal were significantly higher than the large totals of a year ago while pork exports were steady in volume and increased in value, according to data released by the USDA and compiled by the US Meat Export Federation. Beef exports totaled 105,486 tonnes in January, up 9% from a … Read More

Funds Trim Cattle Holdings

Large commodity investment funds, called managed money, lowered their collective net long live cattle futures position for the second straight week as of Tuesday as producer types cut their net short position. The data came in the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday for the week ended Tuesday.  In the report, … Read More

USDA Lowers 2018 Meat Production Estimate On Beef

The USDA’s 2018 forecast for total red meat and poultry production was moved fractionally lower than last month’s estimate, as projected lower beef production more than offset higher pork and turkey production. The estimates were made in the USDA’s monthly World Agricultural Supply and Demand Estimates report Thursday where estimated cattle and hog prices for … Read More

Price Challenges Loom Over Cattle Markets

The cattle market is fraught with risk, posing challenges to producers as well as opportunities for profit, but challenges seem to overshadow opportunities in the current market. Agricultural Extension Economist Andrew Griffith of the University of Tennessee writes in the latest “Tennessee Market Highlights” that another challenging time is approaching as it relates to markets … Read More