Industry News

FEEDLOT COST OF GAIN DECLINING

Courtesy of Livestock Marketing Information Center Cattle prices, both feeder and fed, have collapsed year-over-year. But, so have feedstuff costs, especially corn and hay. In the short-term, that has significant consequences for the cost of gain in feedlots. As reported by the monthly Kansas State University survey (Focus on Feedlots), the average steer cost of gain for March was $83.41 per cwt. Kansas feedlot projections for…

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CAB INSIDER: Grid values improve, grade runs high

By: Paul Dykstra Last week’s federally inspected cattle harvest brought a much brighter outlook to the supply chain, as it marked a two-week continuance of increased head counts in the country’s packing facilities. A one-week increase of 47K head brought the weekly total to 499K head. That’s just over 1,300 semi-loads of cattle, and a great jump in the right direction. Of course, packers have a…

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CFAP Details Released

Courtesy of kla.org NOTE: KLA will host a webinar TONIGHT (5/20) night at 7:30 p.m. to discuss the CFAP program. To join online, go to https://zoom.us/j/93470408013. To join by phone, call (346) 248-7799 and enter the access code 93470408013. (The link and access code have been updated from what appeared in the newsletter.) CFAP Details Released USDA today announced the details of the Coronavirus Food Assistance Program (CFAP),…

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Processing Increase and Beef Values

By : Josh Maples, Assistant Professor & Extension Economist Department of Agricultural Economics, Mississippi State University The month-long rally in the Choice Boxed Beef Cutout Value (BBCV) peaked at $475.39 per cwt on May 12 last week according to the USDA National Daily Boxed Beef Cutout Report. By Friday, the BBCV was $434.32. This report includes daily negotiated prices and volume of boxed beef cuts delivered within…

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President Donald Trump Addresses Beef Imports During NCBA White House Visit

Courtesy of: NCBA DENVER (May 19, 2020) – National Cattlemen’s Beef Association (NCBA) CEO Colin Woodall issued the following statement in response to comments made by President Donald Trump’s about beef imports: “Today’s comment by President Donald Trump demonstrates the complexity of the U.S. beef business. Live cattle imports to the United States only come from Canada and Mexico and will continue to do so under…

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