Weekly beef production took an unusual downturn in June, according to data from the USDA’s Agricultural Marketing Service and its National Agricultural Statistics Service. The data, which was compiled by the Livestock Marketing Information Center in Denver, showed a drop in production for the Memorial Day week and a recovery the following week.  However, weekly … Read More

Growth in farm debt at commercial agricultural banks remained elevated in the first quarter of this year, and loan delinquency rates increased modestly, said a report Tuesday from the Kansas City Federal Reserve Bank. According to Reports of condition and income, outstanding agricultural loan balances at commercial banks increased 3% from a year ago, said … Read More

The US Department of Agriculture Monday announced a phased reopening of the southern border for cattle, bison and equines from Mexico, starting as early as July 7, with Douglas, AZ, the first port, a Google AI release said. The decision follows a period of closure after the detection of New World Screwworm in Mexico.  The … Read More

The US inventory of all hogs and pigs on June 1 was 75.1 million head, said the USDA’s National Agricultural Statistics Service in its Quarterly Hogs and Pigs report. The breeding inventory was down slightly from last year and down slightly from the previous quarter. The market hog inventory was up slightly from last year … Read More

It may not last if Brazil’s corn production lives up to expectations, but the USDA World Markets and Trade report said in the first seven months of 2024/25 crop year, Japan, South Korea and Taiwan imported 10 million tonnes of US corn, a large gain from the 5.8 million in the same period last year. … Read More

Weekly wholesale prices for 50% lean beef have risen sharply the last three weeks and likely pulling 90% lean prices higher as well. Tyler Cozzins, director of the Livestock Marketing Information Center in Denver, said in a telephone interview that 90% lean beef prices set a record high last week at $394.94 per cwt, up … Read More

Retail demand for fresh beef last year was record high, despite high prices in the meat case, and it is on track to set another record in 2025. The Livestock Marketing Information Center, using Bureau of Labor Statistics and USDA Economic Research Service data, computed its Retail All Fresh Beef Demand Index for the first … Read More