USMEF official: U.S. needs TPP to stay competitive

A top official of the U.S. Meat Export Federation (USMEF) says the U.S. needs to finalize the Trans-Pacific Partnership (TPP) agreement if it wants to remain competitive in the world market. USMEF president and CEO Phil Seng says other countries are “stepping up their game” when it comes to meat exports. “We better pass TPP… Read more »

Closing Grain and Livestock Futures: May 22, 2015

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Jul. corn closed at $3.60, down 5 cents Jul. soybeans closed at $9.24 and 1/4, down 14 and 1/4 cents Jul. soybean meal closed at $304.20, up 10 cents Jul. soybean oil closed at 31.64, down 61 points Jul. wheat closed at $5.15 and 1/4, down 6 and 3/4 cents Jun. live cattle closed at $152.12, down 25 cents Jun. lean hogs closed at $83.72, down 5… Read more »

Slow pre-holiday livestock trade

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Cattle country was quiet with business done for the week, although it is possible there may be a little more cleanup trade in Nebraska. The kill totaled 109,000 head, 2,000 below last week, and 5,000 smaller than last year. Boxed beef cutout values were lower on light demand and light to moderate offerings. Choice beef… Read more »

Pork producers set to thrive

A Brazilian consultant says the animal protein market is changing.  Dr. Osler Desourzart, CEO of Brazil based OD Consulting says pork currently accounts for 33 percent of the total demand for protein – and he expects that to increase. So what does that mean for pork producers?  “Get ready to purchase more pork, guys,” he… Read more »

April egg production modestly higher

  U.S. egg production during April 2015 was modestly higher than in April 2014, according to the USDA. Production totaled 8.212 million eggs, including 7.114 billion table eggs and 1.098 billion hatching eggs. For the hatching eggs, 1.01 billion were for broilers and 87 million were egg-type. The number of layers during April averaged 358… Read more »

Midday cash livestock markets

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Cattle country was relatively quiet on Friday morning following light to moderate trade in the North on Thursday. Best early guesses are that around 10,000  to 12,000 head moved in Nebraska with a range of 251.00 to 253.00, mostly 252.00, the 253.00 was to a regional packer. A few head moved in Kansas at 159.50… Read more »

USDA: cattle on feed up 1%

  The USDA’s latest set of cattle on feed numbers reflects at least some expansion of the U.S. herd. The total number of cattle on feed in the U.S. on May 1st was up 1% on the year at 10.640 million head and marketings during April were down 8% at 1.639 million head, the lowest… Read more »

Stewardship bill passes Michigan House

Legislation funding Michigan’s voluntary environmental stewardship program passed in the State House this week.  Representative Dan Lauwers, Chair of the House Agriculture Committee and sponsor of HB-4391, says it now moves to the Michigan Senate. “The bill was passed by the full House exactly how it was reported out of the House Ag Committee so… Read more »

TPA moves one step closer in Senate

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  Trade Promotion Authority cleared what looks like the final hurdle before a full vote in the Senate.  The legislation was advanced on a 62-38 cloture vote with 13 Democrats joining 49 Republicans in support. The measure was held-up until Majority Leader Mitch McConnell agreed to bring legislation to renew the charter for the Import-Export… Read more »

April red meat production up 1%

  The USDA reports commercial domestic red meat production during April 2015 was up 1% from April 2014 at 4.016 billion pounds. For 2015, production is 15.899 billion pounds, also up 1% from 2014. Year to year, that includes a 7% rise for pork, against declines of 4% for beef, 23% for veal, and 7%… Read more »