Beef - General
Closeouts on cattle and hogs marketed last week remain modestly profitable for the sixth consecutive week, according to calculations by Sterling Marketing.
Beef packer leverage is evident with cash cattle prices $7 per cwt. lower than the same week a year ago and beef cutout prices $23 per cwt. higher. Pork producers are gaining leverage with a $5 per cwt. price rally.
Profit margins for both cattle and hog finishing operations saw modest gains last week but also carry significantly higher feed costs than a year ago.
The pendulum continues swinging toward cattle feeders as cash prices jumped $3 last week and left packers with their largest negative margins in nearly six years.
Cattle feeding margins declined last week after modest declines in cash cattle prices. Pork producer margins remain underwater.
The Ag Economists’ Monthly Monitor is a new survey of nearly 50 economists. Most ag economists agree the next 12 months could produce more financial pressure for agriculture, but their views vary depending on commodity.
The anti-farmer movement now underway by fringe extremist groups is not pro-animal. It is extremism promoting regressive policies that will chip away at America’s historically stable -- and affordable -- food supply.
Richie Devillier is fighting back after the government twice flooded his 900-acre farm and home, killed his cattle, ran his family through emotional hell—and insisted he foot the entire bill.
Purina Animal Nutrition gathers supply chain to discuss opportunities and challenges with beef-on-dairy segment.
Melissa Nelson’s dilemma to find the perfect card sprouted a business that allows her to channel her creative and entrepreneurial spirit to express her love for the farm.