beef

Ag Secretary Tom Vilsack recently announced $73 million in funding for the first round of the Meat and Poultry Processing Expansion Program. The funds will get used to increase competition across the cattle marketplace and support increased producer opportunities, and the U...

Legislation recently introduced seeks an excise tax on the sale and export of water-intensive crops grown in the U.S. by foreign governments.  Arizona Democrat Representative Ruben Gallego introduced the Water Protection Act of 2022, as Arizona and other states face prolonged drought. ...

Last week's USDA cattle on feed report had even more evidence that supplies of fed cattle are shrinking and could eventually lead to a decline in beef production.  This, the USDA notes, has already appeared in higher prices up and down the chain.  USDA li...

R-CALF USA is making a push for Congress to consider mandatory country-of-origin labeling of beef.  The organization is encouraging its members and others to show their support to lawmakers for the American Beef Labeling Act.  The bill was introduced by Republican Senators John Thune and Mike Rounds, alongside Democrats Jon Tester and Cory Booker last month.     The legi...

As we continue with our Northwest Farm Credit Services’ quarterly commodity snapshot series, today we focus on the livestock sector.  NWFCS Vice President Bill Perry said the 12-month outlook for dairy suggests profitable returns.   “Recor...

Tyler Cozzins, agricultural economist at the Livestock Marketing Information Center, said despite the high beef prices, demand appears to be holding steady.  He noted for the month of June, retail beef prices were $7.66 per pound, up 20 cents per pound from last year.  He adde...

Red meat exports set volume and value records in the month of May.  Dan Halstrom, President and CEO of the U.S. Meat Export Federation said beef continues to put-up eye-popping numbers. “We exceeded $1 billion in value again, in the month of May to an all-time record high. Also reco...

As we wrap up the first half of our six-part Northwest Farm Credit Services quarterly commodity snapshot series today, northwest livestock take center stage.  Bill Perry, Northwest Farm Credit Services Vice President said their 12-month outlook for dairy suggests profitable returns. “...

After a slight volume decline last year, U.S. beef exports to Taiwan have returned for 2022.  The USMEF’s Joel Haggard, U.S. Meat Export Federation, Senior Vice President for the Asia Pacific said this increase started in 2021 when China was “really hitting on all cylinders”, but buyers in Taiwan that compete for the same cuts that China does, hesitated a little bit.  Haggard said the speculat...

According to the American Farm Bureau Federation’s Market Basket Survey, the average cost of a summer cookout for ten people is $69.68, which breaks down to less than $7 per person. AFBF Chief Economist Roger Cryan said the overall cost for the cookout is up 17% year over year, for a variety of reasons. “One o...