Senate Ag Scheduled Hearing on Cattle Markets

On Thursday, Senate Agriculture Committee Chair Debbie Stabenow announced a hearing titled “Examining Markets, Transparency, and Prices from Cattle Producer to Consumer.” The Michigan Democrat, along with the committee’s ranking Republican John Boozman of Arkansas, scheduled the hearing for Wednesday afternoon. Cattle market transparency is a priority for cattle producers as disruptions in the market, […]

R-CALF: Why Aren’t Beef Prices Following Cattle Prices

A bipartisan effort is underway in Washington D.C. to manage what some have called a food crisis when it comes to the prices livestock producers receive. R-CALF USA CEO Bill Bullard said consumers are paying rapidly higher prices at the store, but cattle prices are collapsing. “Beef prices should follow cattle prices and vice versa, […]

Jekanowski: Meat Sector Needs To Refocus

As restaurants and other parts of the food service sector begin to operate somewhat normally again. And that goes for all products to some extent, noted USDA Outlook Board Chairman, Mark Jekanowski, not just beef. Rewind the clock to just before the pandemic, restaurants, schools, and hotels open for normal business and then “The supply […]

Farm Credit Conditions Show Additional Strength

Agricultural credit conditions in the Tenth District of the Federal Reserve continued to strengthen in the first quarter of 2021. After a sharp rebound at the end of 2020, conditions in the broad agricultural economy continued to improve alongside additional increases in crop prices. Stronger profit potential for farm borrowers supported a second consecutive quarter […]

Easterday Admits To Cattle Scam

A Tri-Cities area rancher pleaded guilty this week to a single count of wire fraud and faces up to 20 years in prison for managing cows he never owned. Investigators say the scam started in 2016, when Cody Easterday contacted with Tyson Foods, to purchase and maintain cattle for the packing giant. However, the cows […]

CME Announces New Boxed Beef Index

CME Group recently began publishing a new Boxed Beef Index. The index is designed to provide the beef industry with better price discovery. CME Group’s Tim Andriesen said the idea for the index started with the Port Cutout futures and options launched late last year. “As you know, we launched the Pork Cutout futures and […]

Latest USDA Report Indicates Tight Beef Supply

A deep dive into the latest USDA Cattle Inventory Report indicates a tighter beef supply situation for the coming year, according to Katelyn McCullock, director and senior agricultural economist for the Livestock Marketing Information Center. “So, the cattle inventory report shows total cows and calves are down about 0.3%. And once a year we get […]

Shagam Looks At Profit Trends In Cattle Industry

Who’s making money, and who isn’t making money, in the beef cattle business? When starting at the end point and working backwards, margins are quite firm. USDA Livestock Analyst, Shayle Shagam, said as far as cattle feed lots, those margins have been up and down all year. But that was not the case in October. […]

NCBA Releases Price Discovery Proposal

The National Cattlemen’s Beef Association released its proposal over the weekend for voluntary cattle market price discovery. In a letter to NCBA members, NCBA President Marty Smith said the proposal “lays out a plan to increase negotiated trade and incentivize each of the major packers’ participation in such negotiated trade.” An NCBA working group came […]

Latest USDA Cattle Numbers Unchanged From Last Year

Taking a look at the USDA’s most recent cattle report, markets are fairly neutral at this point. Livestock Analyst, Shayle Shagam, said figures from July 1st of this year are very similar to numbers from July 1st 2019, despite the supply chain disruptions we’ve seen. The number of all cattle and calves July 1st, is […]