The latest USDA Cattle on Feed report pegged the October 1 cattle on feed inventory at 11.449 million head, down 0.9 percent year over year. This is the first year…
Cattle Market
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Ag News StoriesLivestock NewsNews
USDA Reports Show Continued Drought-Induced Cowherd Contraction
by Colter BrownThe Mid-Year Cattle Inventory Report confirmed that the cumulative effects of drought that past two years have accelerated liquidation of the beef cattle herd. The July 1 inventory of all…
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Ag News StoriesLivestock NewsNews
Rapid City Beef Packing Plant Announces Partnership With Farmers Union Industries
by Colter BrownThe proposed $1.1 billion beef packing plant in Rapid City, South Dakota, got some backing this past week when the group heading the project also announced the plant would be…
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Ag News StoriesLivestock NewsNews
Cattle Supply and Demand Issues for the 2022 Marketing Year
by Colter BrownAt first glance, 2022 cattle prices are higher than 2021. At $138, slaughter steer prices are 15.35% above 2021 prices, but even with higher prices, farmers and ranchers will travel…
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Ag News StoriesLivestock NewsNews
Feedlot Fundamentals Present Challenges for the Summer
by Colter BrownIn the past 10 years, the fed cattle price has declined 6% from the first week of May through the end of June. Under current conditions, this suggests a $135/cwt.…
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Ag News StoriesLivestock NewsNews
House Ag Committee Passes Meat Packing Investigator and Processing Expansion Bills
by Colter BrownWednesday morning, the House Agriculture Committee passed the Meat and Poultry Special Investigator Act, sending the bill to the House floor. The bill would create a new special investigator office…
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Ag News StoriesLivestock NewsNews
Senators Announce Compromise on Cattle Market Transparency Bill
by Colter BrownFour U.S. senators have struck a deal on a livestock price discovery bill to expand negotiated cash trade for cattle and a library to provide producers details of marketing contract…
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The pandemic and other market shocks (i.e. packing plant fire, unprecedented winter storm, cyber-attack, etc.) since 2019 have resulted in impacts and residual effects that affect cattle and beef markets…
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Ag News StoriesLivestock NewsNews
Cattle on Feed: Feedlot Numbers Down but Plentiful
by Colter BrownOctober’s USDA Cattle on Feed Report revealed feedlot placements in September were 97.1 percent of last year and marketings were 96.9 percent of one year ago. The placement total was…
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Demand for livestock loans grew in the third quarter, boosting agricultural lending activity. However, demand for operating loans was more subdued, and total non-real estate lending remained near its average…