43.4% of the Lower 48 States & 54% of Cattle Areas are in Drought
DROUGHT
43.4% of the Lower 48 States & 54% of Cattle Areas are in Drought

A large swath of the Central U.S. saw good precipitation this past week

Thu November 07 2024

Corn Crop Harvested as of 11/3/24
Corn Crop
Corn Crop Harvested as of 11/3/24

91% of Corn Crop Harvested compared to 81% last week and the 5 Year Average of 75%.

Wed November 06 2024

US Beef Imports from Australia in October Smash Records
U.S. Beef Imports
US Beef Imports from Australia in October Smash Records

Australia’s exports to the US east and west coast ports during October hit a blistering 45,338t.

Wed November 06 2024

Farmer Sentiment in October Rebounded Ahead of the U.S. Election
Ag Economy Barometer
Farmer Sentiment in October Rebounded Ahead of the U.S. Election

Despite the improvement in the main barometer indices, it’s clear producers financial situation deteriorated in 2024.

Wed November 06 2024

Feeder & Stocker Cattle Marketings for the week ending 11/2/24
Feeder & Stocker Cattle Marketings
Feeder & Stocker Cattle Marketings for the week ending 11/2/24

Last week's Marketings were 4.1% lower than the 3 Year Average.

Mon November 04 2024

11/4/24: Weekly Beef, Pork, & Corn Export Highlights
Exports
11/4/24: Weekly Beef, Pork, & Corn Export Highlights

Weekly Beef Sales were down 17%; Weekly Exports down 2%.

Mon November 04 2024

Weekly Cattle Market Overview for Week Ending 11/1/24
Cattle/Beef Prices
Weekly Cattle Market Overview for Week Ending 11/1/24

Compared to last week, fed cattle trade in the Southern Plains was steady with Northern Plains trade lower. Feeder cattle and stocker calves were steady to slightly higher.

Sat November 02 2024

NCLA Sues to Stop USDA’s Illegal, Unnecessary Rule Mandating Electronic Eartags for Cattle and Bison
Animal Disease Traceability (ADT) Rule
NCLA Sues to Stop USDA’s Illegal, Unnecessary Rule Mandating Electronic Eartags for Cattle and Bison

APHIS’s rule imposes punishing new financial and practical burdens, particularly on smaller and independent cattle producers.

Fri November 01 2024

The Case for Beef and Sheep Tariffs and Tariff-Rate Quotas
Tariffs
The Case for Beef and Sheep Tariffs and Tariff-Rate Quotas

Until and unless we update our tariffs and our tariff-rate quota system for cattle, beef, sheep, and lamb, then our domestic beef and lamb industries will continue to shrink.

Fri November 01 2024

Bullish/Bearish Sentiment for week ending 11/1/24
Bullish/Bearish Consensus
Bullish/Bearish Sentiment for week ending 11/1/24

The theory behind the "Bullish/Bearish Indicator" is when the public reaches a consensus, they are usually wrong.

Fri November 01 2024

U.S. Economy adds just 12,000 New Jobs in October
Economy
U.S. Economy adds just 12,000 New Jobs in October

Economists polled by The Wall Street Journal had forecast a 110,000 increase in new jobs in October.

Fri November 01 2024

54.08% of the Lower 48 States & 62% of Cattle Areas are in Drought
DROUGHT
54.08% of the Lower 48 States & 62% of Cattle Areas are in Drought

The U.S. saw a huge expansion of drought for the fourth week in a row.

Thu October 31 2024

U.S. Detects H5N1 Bird Flu in a Pig for the First Time
Bird Flu
U.S. Detects H5N1 Bird Flu in a Pig for the First Time

The USDA said there is no risk to the nation’s pork supply from the Oregon case and that the risk to the public from bird flu remains low.

Thu October 31 2024

Cattle on Feed Report & Thoughts on Herd Expansion
Beef Herd Expansion
Cattle on Feed Report & Thoughts on Herd Expansion

The October Cattle on Feed Report reinforces ongoing signals that the national breeding herd expansion has not been initiated.

Wed October 30 2024

La Niña could drive 73-Year Low in Cattle Inventory Even Lower
U.S. Cattle Inventory
La Niña could drive 73-Year Low in Cattle Inventory Even Lower

With a 60% chance of La Niña developing, drought could affect placements of cattle on feed over the next six months, furthering reducing the overall cattle inventory and creating more uncertainty in the cattle markets.

Wed October 30 2024

September Dairy Cow Slaughter the lowest since 2007
Dairy Cattle
September Dairy Cow Slaughter the lowest since 2007

The final week of September marked the 56th consecutive week that dairy market cow slaughter has been below the same week a year earlier.

Tue October 29 2024

U.S. Consumer Confidence surges in October to Highest Level in Nine Months
Consumer Sentiment
U.S. Consumer Confidence surges in October to Highest Level in Nine Months

Index hits 108.7 versus forecast of 99.5

Tue October 29 2024

Feeder & Stocker Cattle Marketings for the week ending 10/26/24
Feeder & Stocker Cattle Marketings
Feeder & Stocker Cattle Marketings for the week ending 10/26/24

Last week's Marketings were 0.2% lower than the 3 Year Average.

Tue October 29 2024

Heifer Feeding Keeps Feedlot Inventories Large
Cattle on Feed
Heifer Feeding Keeps Feedlot Inventories Large

Continued large inventories of heifers in feedlots confirms that little or no heifer retention is starting in 2024. 

Mon October 28 2024

October Cold Storage Report: Frozen Red Meat Supplies & Poultry Supplies Down
Cold Storage
October Cold Storage Report: Frozen Red Meat Supplies & Poultry Supplies Down

Total pounds of beef in freezers were up 6 percent from the previous month but down 2 percent from last year.

Mon October 28 2024

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