The U.S. economy continues to outperform expectations as stimulus funds are fueling robust consumer spending. Consensus forecasts point to 7% GDP growth for 2021, the fastest rate of expansion since…
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House Bill 336 was introduced in the Montana House of Representatives in partnership with other states to create an Interstate Cooperative Meatpacking Compact. The purpose is to streamline interstate livestock…
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Tom Vilsack’s nomination to U.S. agriculture secretary advanced unanimously out of the U.S. Senate Committee on Agriculture, Nutrition and Forestry on Tuesday and will now head to the full Senate…
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Montana Farmers Union will present the 2021 Montana Farmers Union Virtual Producer Conference January 27-28 from 8:30 – 11:30 am each day. The conference will boost a great lineup of…
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It is no secret that wheat futures prices have reached unexpected heights recently. Higher futures prices usually pressure export basis values when farmers sell wheat “into the rally” because that…
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The American Sheep Industry Association filed comments with the U.S. Department of Agriculture after the agency requested additional information on commodities not covered in the original Coronavirus Food Assistance Program.…
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The latest USDA Cattle on Feed report shows the dramatic impacts of COVID-19 on fed cattle markets. The May 1 feedlot inventory was 11.2 million head, down 5.1 percent year…
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Meat Plant Closures Tighten Supplies, Increase Prices for Consumers
The reduction of meat processing capacity caused by U.S. plant closures and slowdowns has created a massive bottleneck in the nation’s meat and livestock supply chain. Nearly two dozen plants…
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By Dale R. Woerner, associate professor in the College of Agricultural Sciences and Natural Resources at Texas Tech University. The impact of COVID-19 on the livestock and meat industry is…
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By Dan Bigelow, Assistant Professor – Department of Agricultural Economics at Montana State University. As the COVID-19 pandemic continues to take its toll on Montana’s economy, this post considers how…