Beef and cattle prices both fall.
The softening market for farm machinery is beginning to reveal itself in manufacturers’ financial reports.
Market analysts aren’t certain, but, says one, “If the rally can continue for a bit longer, some contracts in the second half of 2015 could work up toward the $18.00 level.”
Cattle feeding margins took another tumble last week after a $1 per cwt. decline in fed cattle prices.
As public pressure mounts nationally against antibiotics, Oregon legislators are debating whether to curtail their use in agriculture.
Tyson Foods will phase out human antibiotics in the chickens it raises by by September 2017, playing catch-up with Perdue, which reports 95 percent of its chickens already are grown without them.