This Week’s Author Matthew Diersen, Risk & Business Management Specialist Ness School of Management & Economics, South Dakota State University The beginning of the year brings an opportunity to update and analyze basis data. Basis, the difference between cash and futures prices, can be tracked and used to forecast local cash prices when hedging. For live cattle, basis is usually computed versus the nearby contract throughout…Read More
CHICAGO, Jan 21 (Reuters) – U.S. livestock futures came under pressure on Tuesday as traders waited for signs of increased Chinese demand after Beijing and Washington signed an initial trade deal last week. China pledged to increase purchases of U.S. agricultural products as part of the agreement, which is meant to reduce tensions after nearly two years of a tit-for-tat tariff war. It included a promise…Read More
In both the U.S. dairy and beef sectors, there has been lots of discussion during the last couple of years about producing crossbred calves, mostly Holstein cows bred to beef-type black bulls. Virtually all U.S. veal comes from calves that originated in the dairy sector. Dairy-origin (e.g., Holstein) calves also are inputs into the beef production system (typically entering feedlots at 350- to 450-pounds). There has…Read More
Courtesy of ncba.org WASHINGTON (Jan. 17, 2020) – Western ranchers welcomed a Bureau of Land Management (BLM) Notice of Intent (NOI), which appeared in today’s Public Inspection and will publish in the Federal Register on January 21st, announcing that the agency is preparing an Environmental Impact Statement (EIS) on new grazing regulations. The NOI opened a public comment period and announced that in-person scoping meetings…Read More
By : Cassie Fish, Courtesy of thebeefread.com Ag commodities have stabilized and some are green today after yesterday’s whipping. Cattle rallied off its lows yesterday and left long tails and today, Apr and Jun LC are hanging out a little higher on the day. It’s a little hard to believe after yesterday’s excitement but Feb LC just posted an inside week with a likely lower close,…Read More
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