Corn crop conditions improve as acres and prices declineCorn prices are down, and acres in Texas and across the U.S. are expected to follow as improved overall growing conditions could deliver above average yields, according to a Texas A&M AgriLife Extension Service expert. Mark Welch, Ph.D., AgriLife Extension grain marketing economist in the Texas A&M...
Discussing recovery strategies at Texas A&M Beef Cattle Conference post-wildfireRanchers and ag industry employees converge for two days to discuss how to raise a healthy herd. Almost two months to the day from the largest wildfire in Texas history, raising cattle in Hemphill County is going to be tougher to make profitable management decisions. “Our ranchers are still trying ...
Labor dilemma: A force to reckon withAccess to an adequate workforce is a decades-old challenge facing meat and poultry processors that has intensified with rising production costs. Forecasts from the Bureau of Labor Statistics (BLS) of the US Department of Labor don’t show an end to this negative trend. There were 905 plants slaughte...
California pork prices higher after Prop 12 implementationProp 12 is raising the price of pork in California. In effect for just over six months, pork sales have dropped across the state. That’s from data compiled by the USDA’s Office of the Chief Economist. The OCE found prices for pork products affected by Prop 12, including loins, ribs, and bellies, h...
Smithfield owner’s profits boosted by improved U.S. pork businessWH Group Ltd. — the owner of U.S.-based Smithfield Foods — saw profits rise in the first quarter as a “substantial improvement” in its U.S. operations more than offset a decline in homeland China. Operating profit for the the three months ended March 31 rose 37% to $501 million even as revenue and...
Follow-Through Price Strength Expected TuesdayCattle gapped higher in the open Monday and never looked back. The bullish implications of the Cattle on Feed report provided the fodder needed for traders to buy aggressively into the market. The concerns about impact on beef demand due to avian flu in dairy cattle were put on the back burner and t...
How will loss of USDA Cattle Inventory reports impact farmers. What we know and don't knowEarlier this month, the USDA announced it was scrapping its July Cattle Inventory report, one of just two major reports released annually. The National Agricultural Statistics Service (NASS) also disclosed that it would be canceling livestock and crop production surveys, information that ag organiz...
Robust Demand Supporting Pork Prices this Summer, Fall Outlook is less CertainHog slaughter has been running above year ago levels in the last two weeks but since early March slaughter has been about the same as last year while weights have been lower, resulting in less pork available in the spot market. Highlights Hog slaughter has been running above year ago levels in the ...
Pork Market Commentary for the Week Ending on April 20, 20241. Week Summary This week's story. Prices of swine decreased 2 cents, while Cutout remained steady for this week. Production continued increasing by +0.19% vs prior week. Estimated Gross Packer Margins exhibited a decrease by $11.7 per head. Cutouts. The Cutout closed at $1.01, same val...
Beef Market Commentary for the Week Ending on April 20, 20241. Week Summary This week's story. The prices of cattle and the values of both Select and Choice Cutouts decreased. Production increased by 14 million pounds compared to the previous week. Estimated Gross Packer Margins continued increasing, this week went from $82.6 to $84.2. Cutouts. T...
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