The USDA’s forecast for 2021 total red meat and poultry production was lowered from last month as lower pork, broiler and turkey forecasts more than offset a higher beef forecast. For 2022, the total red meat and poultry forecast was reduced from the September report. The new estimates came from the USDA’s monthly World Agricultural … Read More

Kansas feedlot sales to beef packers in August declined unseasonably from an unusually high rate in July, according to data gathered by the Kansas State University Extension Service. The data from select feedlots around Kansas is compiled and published by the Livestock Marketing Information Service in Denver.  The resulting information is a calculated average for … Read More

Large commodity investment funds, better known as managed money, cut their collective net long position in live cattle futures for the sixth straight time in the week ended Tuesday. Hedgers also cut their collective net short position in the same week. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report … Read More

US beef exports soared to another new value record in August, topping the $1 billion mark for the first time, according to data released by the USDA and compiled by the US Meat Export Federation. Pork exports posted another strong month in August, remaining ahead of the record pace established in 2020. “August export results … Read More

Average net farm income on Illinois grains farms was above average in 2020 primarily because of higher corn and soybean prices in the second half of 2020 federal aid through the Coronavirus Food Assistance Program and Payment Protection Program. University of Illinois Agricultural Economists Gary Schnitkey, Krista Swanson and Nick Paulson said in a study … Read More

While the National Weather Service’s weekly drought monitor showed conditions to be dry still, rain fell across much of the Southern Plains late last week. September was exceptionally dry across the area with drought conditions building quickly, said Oklahoma State University Agricultural Economist Derrell Peel, in a newsletter to Extension Agents called Cow-Calf Corner. The … Read More

Valuing a beef carcass involves working backward from individual beef items, said James Mitchell, Extension economist at the University of Arkansas in a publication to Extension agents from the Livestock Marketing Information Center called In The Cattle Markets. First, prices for beef cuts are combined to create subprimal values, Mitchell said.  Next, values are combined … Read More