10/4/2017 6:28:00 AM/Categories: General News, Today's Top 5, Livestock
Consumers are paying less for red meat and poultry this year, and USDA’s Economic Research Service says that trend will continue through the end of 2017. The agency expects a moderate increase in meat prices neat year.
Lower retail meat prices are a result of increasing supplies, and through August USDA said the U.S. cattle herd was the largest since 2008. Excellent feedyard profits the first half of this year and an increase in feeder cattle supplies have put more cattle on feed and increased beef production more than 3%. Total beef production this year will reach 26.2 billion pounds, the largest total since 2010.
Sterling Marketing projects U.S. beef production will increase another 3% during 2018, adding further pressure on calf and feeder cattle prices.
Weaned calf prices are down 30% from just two years ago, and Sterling Marketing projects another 3% decline next year. Those declines have dramatically lowered average cash cow-calf profits, which were estimated at $430 per cow in 2015. This year cow-calf profits will average approximately $130 per cow, a 70% decline from two years ago.
If calf price projections are accurate for 2018, cow-calf profits will further decline to about $75 per cow.
10/5/2017 7:05 AM
the prices need to go up
U.S. sales of tractors and combines remained positive at the mid-year mark, with all machine categories in the plus column, according to the latest data from the Association of Equipment Manufacturers (AEM).
Daines: "A fully staffed administration is essential to implementing the objectives of responsible energy and..."
Agriculture groups and elected officials from rural communities are coming out strong in support of the Endangered Species Act Amendments of 2018. The bill, sponsored by Wyoming U.S. Senator John Barrasso, would give more power to state and local governments to make a decision based on their areas unique landscapes, individual needs, and conditions on the ground. Barrasso who chairs the Senate Committee on Environment and Public Works, held a hearing on the bill this week and believes reforms must take place for species to recover and be taken off the list entirely.