Source : Texas Cattle Feeders Association USDA on Wednesday released a report updating its ongoing boxed beef and fed cattle price spread investigation focused on market conditions surrounding the August 2019 fire at the Tyson Fresh Meats plant in Holcomb, Kan., the COVID-19 pandemic and policy considerations for improving price discovery. The report confirmed massive volatility to both the cash and futures markets yet found no wrong-doing on…Read More
By : Elliott Dennis, Assistant Professor & Extension EconomistDepartment of Agricultural Economics, University of Nebraska – Lincoln Feeder cattle future price spreads across all months have recovered to near pre-COVID-19 levels as quarantine restrictions and packing plant capacity issues have been mostly sorted out. For example, for the week of July 17, 2010, prices reached levels not seen since the beginning of March 2020. Pasture and…Read More
NCBA responds to USDA Report on Cattle Markets WASHINGTON (July 22, 2020) — National Cattlemen’s Beef Association Vice President, Government Affairs, Ethan Lane today released the following statement in response to the release of the results of the U.S. Department of Agriculture’s (USDA’s) investigation into cattle markets: “We are pleased that USDA has produced a report into the market dynamics impacting cattle producers across the country. Since…Read More
WASHINGTON, July 20, 2020 – USDA’s Risk Management Agency (RMA) today announced changes to the Livestock Gross Margin (LGM) insurance program for cattle and swine beginning in the 2021 crop year. Changes include adding premium subsidies to assist producers and moving premium due dates to the end of the endorsement period for cattle. “These changes build upon RMA’s continued effort to make livestock policies more affordable…Read More
Courtesy of kla.org USDA’s Agricultural Marketing Service (AMS) yesterday released a report on its investigation into cattle market disruptions over the past year. The document examines the effects of both the Tyson plant fire in Holcomb last August and the coronavirus pandemic on the boxed beef and fed cattle markets. It is extensive in its analysis of the market conditions before, during and after each of…Read More
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