Dairy cows larger portion of beef supply

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A livestock marketing specialist says dairy cows have made up a larger portion of the cattle supply the last two years because of lower beef inventories. Darrell Peel with Oklahoma State University tells Brownfield dairy cattle entered the beef market at much larger rate in 2014 and 2015.  “The beef side has been smaller, animal… Read more »

Brexit vote likely will impact US ag exports

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A livestock marketing specialist says the UK’s vote last week to leave the European Union could have some serious impacts on US ag exports. University of Missouri’s Scott Brown says the agriculture industry needs strong exports across all commodities.  “Given that we’re increasing domestic supplies in almost every case of ag commodities in this country,… Read more »

Dairy makes up majority of beef supply

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Cattle supplies hit a 63 year low in 2014 and a livestock marketing specialist says dairy cows made up a greater portion of the beef supply during that period. Has the supply situation evened out?  Darrell Peel with Oklahoma State University shares insights. AUDIO: Darrell Peel  

Perdue announces new animal care commitments

Poultry giant Perdue announced a new four-part animal care plan Monday morning. Chairman Jim Perdue says the Perdue Commitments to Animal Care plan was developed from input from farmers, academics, and leaders of animal activist organizations. The company’s four-part plan commits to the wants and needs of the animals; the farmers that raise the chickens;… Read more »

Cattle futures start the week higher

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Cattle country was typically quiet on Monday afternoon following the distribution of this week’s showlists. The pre-holiday offering appears to be generally smaller this week, especially in the South. The best guess is showlists will start out being priced around 118.00 to 120.00 in the South and 190.00 to 192.00 in the North. The kill… Read more »

Closing Grain and Livestock Futures: June 27, 2016

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Jul. corn closed at $3.85 and 1/4, up 3/4 cent Jul. soybeans closed at $11.33, up 30 cents Jul. soybean meal closed at $384.00, up $8.40 Jul. soybean oil closed at 31.26, up 27 points Jul. wheat closed at $4.46 and 3/4, down 8 cents Jun. live cattle closed at $115.92, up $1.22 Jul. lean hogs closed at $83.15, down 90 cents Jul. crude oil closed at $46.33, down $1.31 Dec…. Read more »

May poultry production up 8% on year

The USDA says domestic poultry production during May 2016 was 4.020 billion pounds, up 8% from May 2015. The preliminary live weight of all poultry was also up 8% on the year at 5.307 billion pounds, while the chicken slaughter was 6% higher at 756.304 million head and the turkey kill jumped 14% to 20.197… Read more »

Midday cash livestock markets

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The main item of business in cattle country on Monday is the distribution of the new showlists. Last week’s trade started on Tuesday in the South. The full range of last week’s Southern business was 115.00 to 117.00, generally $4.00 to 6.00 lower than the previous week. Northern dressed business started on Wednesday, with the… Read more »

Some surprises in Friday’s USDA reports

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A livestock marketing specialist says Friday’s Quarterly Hogs and Pigs report came in above pre-report estimates. University of Missouri’s Scott Brown says the numbers were up in all categories.   “We have more market hogs than we thought and it is sitting about 2 percent higher than we were about a year ago in terms of… Read more »

Red meat stocks down, poultry and vegetables up

The USDA says red meat stocks at the end of May 2016 were down five percent on the year at 1.1 billion pounds, with good consumer and export demand and at least some recent decline in slaughter rates. Pork came out at almost 613 million pounds, six percent less than last year, and beef was… Read more »