U.S. beef has been rapidly building momentum in South Korea, and received a further boost this week as Costco officially began converting its imported chilled beef selection from Australian beef to 100 percent U.S. product. The move follows a multi-year effort by the U.S. Meat Export Federation (USMEF) to persuade store managers that sales of U.S. beef – a popular item at Costco – would match…Read More
By: Gant Mourer, Oklahoma State University Beef Quality Enhancement Specialist The Oklahoma Quality Beef Network (OQBN) was established to aid producers in taking advantage of “value added” marketing opportunities in Oklahoma. To be able to accomplish this mission a clear line of communication is needed to all segments of the beef industry. OQBN is that communication system and it also is an educational tool where all cattle…Read More
By: Brenda Boetel, Professor, Department of Agricultural Economics, University of Wisconsin-River Falls Futures ended last week down. April live cattle prices were down $2.47, while March feeder cattle contract was down $1.50. Technical signals for the live cattle futures appear to indicate a significant decrease in price is looming. Cash markets were firmer at $120, up $1 based on tight supplies of market-ready cattle. Weaker boxed beef…Read More
By: Mark Battersby It’s an industry-wide problem, how to help those interested in agriculture and provide affordable opportunities for those already in the field? Jobs are reportedly abundant but the price of entry is, after all, extremely high with land and equipment prices at the top of the list. With outright purchases unaffordable, trading an ownership interest for services performed is an age-old method of helping…Read More
Though not unprecedented, we are in one of those eras in the commodity markets where nearly everything is at the bottom of its price cycle. I recently saw one of those inspirational posters showing storm clouds over an ocean full of huge waves. The view of the ocean was from the captain’s helm with the caption, “Anyone can man the helm when the seas are calm.”…Read More
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