Industry News

Boxed beef prices sag under growing supply and summer doldrums

By : Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist The Choice boxed beef price dropped to $200.47/cwt. last Friday, July 17, 2020; the lowest Choice boxed beef price since December 2017.    Both supply and demand factors are at work pushing wholesale beef prices lower. Estimated beef production last week was 538.4 million pounds, 2.1 percent larger than the same week last year.  Estimated…

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The Only Constant is Change

By : Dr. Andrew Griffith, Assistant Professor, Department of Agricultural and Resource Economics “The only constant is change.” This is something that most people have heard at least once in their lifetime and most would agree it is a correct statement. At the same time, if the only constant is change then we as beef cattle producers must be constantly changing just to maintain the status…

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New Funding for Cattle Producers to Secure Strong Future for the Beef Industry

Courtesy of ncba.org National Cattlemen’s Foundation announces a partnership with Cargill to invest in the long-term resilience and professional development of farmers and ranchers DENVER (July 16, 2020) – The National Cattlemen’s Foundation (NCF) today announced its partnership with Cargill to provide funding to North American cattle producers to provide practical tools to help manage market shifts, reduce costs, manage finite natural resource availability and withstand…

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FSA Assistance Available For Producers Impacted By Drought

Courtesy of kla.org Producers in several Kansas counties now are eligible to apply for Livestock Forage Disaster Program (LFP) benefits on native and improved pastureland with permanent vegetative cover or certain crops planted specifically for grazing, such as small grains, annual rye grass/crab grass and forage sorghum. LFP provides compensation to those who suffer grazing losses for covered livestock due to drought on privately owned or…

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PRIME PREMIUMS

Courtesy of lmic.info This year, more carcasses are grading prime, but the pinch in the supply chain has raised all carcass grade premiums to reflect the tighter supply of beef.  June’s weekly average of National steer and heifer carcasses grading prime was 10.62% compared to 7.04% last year. This year has not had a single week where the national percentage of Prime has dipped below 9%.…

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