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May 15, 2012

Article

Cattle Marketing: An Explorative Approach

While cattlemen realize some of the most rewarding times in the history of their industry due to unprecedented price levels, they may need to guard against complacency as there are several factors that could threaten that status. What if interest rates increased by 2%? What if the U.S. dollar increased in value? What if feeder and fed cattle prices moderated? What if input costs continue to increase? A mini-conference set for the Mitchell Regional Extension Center will address these concerns....More
May 11, 2012

Article

USDA Projects Record Corn Crop For 2012

According to the latest USDA supply/demand update, U.S. farmers this fall will harvest the largest corn crop on record. Between a 6.1% increase in harvested acres (5.1 million acres more than a year ago) and a 12.8% increase in expected yields (18.8 bu./acre higher than in 2011), U.S. corn production for the 2012/13 marketing year is now pegged at a record 14.790 billion bu. This is 2.432 billion bu. or 20% larger than a year ago and about 1.75 billion...More
May 9, 2012

blog

Do We Need Animal ID? 13

The U.S. confirmed its fourth case of BSE in April, this one in a central California dairy cow. While the announcement sent shockwaves through the industry, the media coverage was fairly balanced and factual....More
May 4, 2012

blog

Value Is In The Mind Of Seller & Buyer

I overhead a couple of people recently lament in a hotel lobby about the price of land. They were referring to a particular “trophy” ranch that had just sold at a price so inflated that it was irrational....More
May 3, 2012

Article

Market Report: Carryover Presents A Challenge

In his Monthly Market Profile for BEEF magazine, Western Kentucky University’s Nevil Speer says the primary story during the past several months revolves around cattle feeders. They’ve done a great job fending off the onslaught of negative pressure, he says, but serious cracks began to appear in April....More
May 1, 2012

Article

Cattle Prices Should Recover Again

A new report from Rabobank's global Food & Agribusiness Research and Advisory department looks at the global beef industry, examining current trends in pricing, import and export markets, supply and demand, and the impact of both the lean fine textured beef (LFTB) controversy in the U.S. and Schmallenberg virus in the EU....More
May 1, 2012

Article

Nation’s Corn Crop Is Half Planted; Doubles Pace Of 2011

Crop planting by U.S. farmers continued at a brisk clip last week even though some activities were interrupted by rain – at least some of which was very welcome, reports the CME Group’s Steve Meyer and Len Steiner. USDA’s weekly Crop Progress report showed that 53% of the nation’s corn acres were planted as of April 29. That figure compares to 27% at the same time last year and an average of 27% over the past 5 years....More
Apr. 30, 2012

Article

South Korean Officials Asked To Address Public Concern Over U.S. Beef

South Korean President Lee Myung-bak directed officials to handle policies with the "safety and health of the people in mind" as his government is under pressure to halt American beef imports following a recent BSE case in the U.S....More
Apr. 28, 2012

Article

Beef Cattle Economics Webinar Is May 1

Glynn Tonsor, Kansas State University (KSU) livestock economist, will offer a broad economic outlook for cow-calf, stocker and feedlot operators during the May 1 Beef Cattle Economics webinar....More
Apr. 28, 2012

Article

Beef Cow Slaughter Continues Lower

Beef cow slaughter is 4% less so far this year compared to last....More
Apr. 28, 2012

Article

Media, Consumers Take BSE In Stride

Despite market pressure resulting from a new case of bovine spongiform encephalopathy (BSE) last week, both consumers and media seem to be maintaining level heads....More
Apr. 28, 2012

Article

Wholesale Beef Prices Continue Surge

“BSE case could only be blamed for a small percentage of the loss (cash fed cattle), which actually had more to do with Tuesday’s board basis promoting early trades,” say analysts with the Agricultural Marketing Service (AMS)....More
Apr. 28, 2012

audio

Cattle Market Weekly Audio Report for April 28,2012

Get the latest cattle market update each week with BEEF Magazine's Cattle Market Weekly audio report, delivered to your inbox every Saturday and available on the BEEF Magazine Web site....More
Apr. 27, 2012

Article

Beef Futures Markets Bounce Back Slightly After BSE Reports

While the live cattle futures market has rebounded somewhat from losses on Tuesday (April 24) amid reports of a case of BSE in a California dairy cow, traders are being cautious as they wait to see how consumers react, Purdue Extension agricultural economist Chris Hurt said....More
Apr. 27, 2012

blog

Beef Demand, The Economy & The Checkoff

Even with a sluggish economy, the recent furor over lean finely textured beef and this week’s BSE case, to name a few events, beef demand continues to exceed low expectations domestically, while exceeding its lofty expectations for exports. Those results continue to have a big day-to-day impact on cattle prices and likely help explain why producer support for the checkoff is at an all-time high....More
Apr. 25, 2012

video

Angus VNR: Cut Costs, Add Value

Troy Marshall, BEEF Cow-Calf Weekly editor and a registered Angus breeder from Burlington, Colo., talks about ways to add value to your cattle. This video news is provided by Certified Angus Beef LLC and the American Angus Association. Visit www.CABpartners.com or www.angus.org for more information....More
Apr. 24, 2012

Article

Unfounded Consumer Backlash Bashes LFTB

With lean finely textured beef (LFTB), we’re producing beef that is safe, healthy and nutritious, along with drastically increasing the efficiency of the industry,” says Dale Woerner. He’s a Colorado State University assistant professor of meat science....More
Apr. 24, 2012

blog

Expect Record Revenue & Costs In 2012-2014

My current price projections are for record-high average calf prices for the next five years. What’s more, I expect those increases will exceed a projected 3% annual increase in production costs....More
Apr. 23, 2012

Article

Public Pays The Price As More Cattle Ranchers Leave The Business

Try not to have a cow, but high beef prices are likely here to stay for a while. Smaller U.S. cattle herds and increasing feed and fuel costs have pushed some cattle producers out of the business the past several years. Last year’s extreme drought in the cattle cradle of the Southwest prompted many ranchers to liquidate herds they couldn’t afford to feed. Meanwhile, the export market for U.S. beef remains strong....More
Apr. 23, 2012

Article

Corn Planting Starts Early – Record Production Needed

Farmers intend to plant almost 96 million acres of corn this year, the most since 1937, according to the March 30 USDA Prospective Plantings report. Specifically, the report projects 95.9 acres will be planted to corn. That’s about 1.2 million acres more than the average guess heading in....More
Apr. 23, 2012

Article

Market May Favor Early Intensively Grazed Stockers

“Record-high stocker prices this spring have producers and their lenders nervous about the financial exposure of summer stockers,” says Derrell Peel, Oklahoma State University Extension livestock marketing specialist. “Feeder prices have dropped the last month but the change has actually decreased the stocker margin, i.e., the value of gain for summer stockers. Moreover, the changing price relationships have changed the implications for stocker production and marketing.”...More
Apr. 23, 2012

Article

LFTB Furor Pressures Cattle Market

There are too many moving parts to say with certainty how much the furor over lean finely textured beef (LFTB) will ultimately cost beef demand and for how long. Related economic dominos continue to fall, though....More
Apr. 23, 2012

Article

Looking For The Wholesale Price Bottom

The summary below reflects the week ended April 20 for Medium and Large 1 – 500- to 550-lb., 600- to 650-lb. (calves), and 700- to 750-lb. feeder heifers and steers (unless otherwise noted). The list is arranged in descending order by auction volume and represents sales reported in the weekly USDA National Feeder and Stocker Cattle Summary:...More
Apr. 21, 2012

Article

Beef Cattle Economics Webinar May 1

If you’re looking for more perspective on the market road ahead, consider the quarterly Beef Cattle Economics webinar....More
Apr. 21, 2012

Article

Expansion Remains Cautious

Even with feed available, some producers are understandably reluctant to keep more heifers or buy more replacements at current prices....More

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