Industry News

Hold cattle and delay marketing, or move them on?

By : Dr. Andrew Griffith, Assistant Professor, Department of Agricultural and Resource Economics, University of Tennessee Questions continue to be asked about holding on to cattle of all weight classes and delaying marketing of those animals. If calves are lightweight or soon to be weaned then this may still be a good alternative compared to marketing cattle in a soft market. If the cattle are heavier…

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Cattle raisers praise USDA vaccine purchase

Courtesy of tscra.org FORT WORTH, Texas — Robert E. McKnight, Jr., president of the Texas and Southwestern Cattle Raisers Association, issued the following statement after the United States Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service announced its initial purchase of vaccine for the National Animal Vaccine and Veterinary Countermeasures Bank. “The creation of the National Animal Vaccine and Veterinary Countermeasures Bank was a…

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Slow recovery projected for U.S. and global economy

By : Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist The COVID-19 pandemic continues to have devastating impacts on public health and the economies of the U.S. and many other countries.  There is much uncertainty about the future impacts of COVID-19 but even in the best of circumstances, the economic impacts are enormous.  Table 1 shows a range of estimates for changes in U.S.…

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Production Challenges, Economic Headwinds Slow Red Meat Exports in May

U.S. beef and pork exports trended lower in May, due in part to interruptions in slaughter and processing, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports dropped well below year-ago levels and recorded the lowest monthly volume in 10 years. Pork exports remained higher than a year ago but were the lowest since October 2019. “As protective…

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Livestock Risk Protection Changes

July 1 marked the beginning of a new commodity year for Livestock Risk Protection (LRP), a price insurance product that functions similar to buying put options. As such, LRP is designed for the seller of cattle facing downside price risk. An LRP policy has endorsements for fed cattle and feeder cattle, the latter with adjustment factors (built in basis levels) for certain weights and classes. Two…

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