Beef exports are increasingly a significant component to derive value for the U.S. beef complex. Last year’s export value established a new record for the industry – exceeding $6 billion, which garnered an additional $626 million of revenue for U.S. beef producers. That value helped the beef industry maintain a solid footing with respect to net export value (exports less imports). In other words, international trade is providing a boost to the industry....More
The cattle feeding sector has faced many obstacles and challenges during the past several years, including tight supply, volatile feed prices and escalating capital requirements. Across all sorts of industries and businesses, size of operation carries certain economic advantages....More
USDA released its initial crop acreage forecast last week at the USDA Outlook Forum. Overall acreage is largely in line with last year’s planted acres. However, there is a slight rotation out of corn into soybeans.
Note that the chart indicates 2014 forecast corn coverage is down to 92 million acres – a decline of 3 million acres vs. last year. Meanwhile, soybean acres have increased by an equal amount to 79.5 million acres....More
The Chinese use two symbols to simultaneously represent the concept of risk or crisis: one is danger, the other is opportunity. That’s an appropriate characterization of the risk and reward potential inherent in today’s commodity markets....More
A survey of 2,000 of U.S. grocery shoppers finds that the consuming public is more aware, and exhibiting increased concern, regarding the origin, production method and safety of the food they buy....More
The Small Business Success Study's findings surrounds differences in attitude between new companies (in business 1-2 years) vs. those that are well established (40+ years). New company owners are far more optimistic about the national economy (64%) vs. established owners (only 45%)....More