By: Tim Petry – Livestock Economist, North Dakota State University Extension Service November 25, 2013 USDA-NASS released the monthly Cattle on Feed report on November 22. The number of cattle and calves on feed for slaughter market in the U.S. for feedlots with capacity of 1,000 head or more totaled 10.607 million head on Nov. 1. The inventory was almost 6% below Nov. 1, 2012, and…Read More
By: Jennifer Stewart November 21, 2013 WEST LAFAYETTE, Ind. – An expanding livestock production sector could add value to corn in coming months – welcome news for growers who saw corn and soybean prices fall in the wake of an EPA-proposed decrease in the Renewable Fuel Standard for 2014, Purdue Extension agricultural economist Chris Hurt says. The bad news for growers, however, is that it could take several months…Read More
By: Daryll E. Ray & Harwood D. Schaffer, Agricultural Policy Analysis Center, University of Tennessee, Knoxville, TN Looking at the November 8, 2013 “World Agricultural Supply and Demand Estimates” (WASDE)http://tinyurl.com/5ftcx3 numbers for corn, we wonder if the next couple of years might provide a test of the “new plateau” hypothesis. According to the new plateau or new price era hypothesis, the season average prices of corn…Read More
By: Derrell S. Peel The counter-seasonal behavior of cattle markets this fall indicates the transition that is occurring in beef and cattle markets. The fourth quarter of 2013 provides insight into the general expectations for markets in 2014. Cattle slaughter for the year to date is down 1.7 percent but is down an average of 3.6 percent in the last four weeks. Though beef production is…Read More
The Hill reports the Environmental Protection Agency (EPA) is cutting the amount of ethanol and other biofuels that must be blended into the nation’s fuel supply. This marks a victory for oil companies and cattle feeders who competed for a smaller corn crop this past year. On Friday, the EPA proposed draft 2014 blending volumes under the federal Renewable Fuel Standard that are lower than the 2013 requirements,…Read More
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