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NCBA Secures Senate Introduction of Legislation to Protect Producers from Black Vultures
This week, the National Cattlemen’s Beef Association (NCBA) hailed the introduction of the Senate version of the Black Vulture Relief Act introduced by Sen. Markwayne Mullin (R-OK), a companion bill to legislation introduced in the House of Representatives earlier this year that protects cattle producers from the devastating impacts of black vulture depredation.
“Black vultures are particularly nasty predators, and their attacks can be financially devastating to small, family-owned cattle operations,” said NCBA Policy Division Chair Gene Copenhaver, a Virginia cattle producer...
NCBA Again Strongly Opposes USDA’s Decision to Allow Paraguayan Beef Imports
The National Cattlemen’s Beef Association (NCBA) strongly opposes the U.S. Department of Agriculture’s (USDA) decision to allow Paraguayan beef imports starting next month. NCBA has repeatedly raised concerns with USDA over Paraguay’s history of foot-and-mouth disease (FMD) and the outdated information used to justify Paraguay’s access to the U.S. market. NCBA is concerned that USDA’s failure to use information from recent site visits in the risk assessment may pose great risk to the safety of the U.S. cattle herd...
CME Grain Futures Surge Amid Extreme Drought in Brazil, Pressuring Feeders Lower
Feeder cattle futures on the Chicago Mercantile Exchange plummeted to multi-month floors on Thursday, pressuring live cattle futures lower as well.
Most active January feeders touched their lowest level since June 28 and finished $5.525 lower at $245.375 per cwt. December live cattle hit a one-week floor and settled down $1.90 to $185.30 per cwt. Yesterday's sell-off lowered feeder futures into oversold territory.
A sharp rise in corn futures contributed to the downturn in feeders. December corn surged to the highest level since August and finished 13 cents higher at $5.05 a bushel...
Beef Checkoff's Producer Communications Efforts Necessary to Shape Current, Future Programs
Since 1988, beef producers have funded the national Beef Checkoff by paying a mandatory $1 per head on the sale of live domestic and imported cattle, overseen by the Cattlemen's Beef Board (CBB) and the USDA. While the Beef Checkoff has been around for decades, some beef producers have questions about how their dollars are being spent. That's why the Beef Checkoff sets aside a very small percentage of its funds each year for the Producer Communications program...
Live Cattle and Feeder Futures Extend Their Midweek Gains, Hit New Highs
The cattle complex extended its midweek gains on the Chicago Mercantile Exchange Thursday, sending feeder futures to fresh contract highs.
October live cattle surged to a seven-week ceiling and finished 95 cents higher at $183.65 per cwt. October feeders were up $2.40 to $258.875 per cwt, beating out the previous contract high made early last week...
Corn futures were trading flat to fractionally higher at the closing bell for livestock futures and likely had minimal impact on the feeders' futures action...
Record Breaking Heat Across Central U.S. Poses Risks to Livestock, Crops
The extreme heat impacting a large portion of the country this week has posed significant challenges for producers and their livestock.
Highs into the upper 90s and low 100s are forecast for a broad region between the Midwest and central Gulf Coast today, according to the National Weather Service. Coupled with high humidity levels, heat indices could approach 120 degrees in some regions. While it's not unusual for August to experience heat, the current temperatures have shattered records.
Over 110 million people across 20 states are currently under heat...
USDA Cattle: Aug 1 On Feed 2.3% Below Year Ago, July Placements -8.3%
USDA's monthly on-feed report released Friday showed the number of cattle in U.S. feedyards with a capacity of 1,000 or more head as of Aug. 1 at 2.3% below a year ago, slightly under the average of analysts' estimates.
Placements in July were reported at 91.7% of a year ago, about 2.8 percentage points below the average guess. The range of the guesses for placements was 3.5% to 9.6% under a year ago.
Marketings for July were reported at 94.7% of the year-ago figure, very...
Leading Nicaraguan Beef Processors Remain Committed to Cattle Traceability, Responsible Ranching
Amidst recent international media attention, leading Nicaraguan beef processors have reiterated commitments to responsible ranching and traceability.
PATROL, a 2023 documentary, explores claims from communities in Nicaragua stemming from environmental conflict, including illegal cattle ranching on the rainforests of the Indio Maíz Biological Reserve.
Actor Leonardo DiCaprio promoted PATROL on Instagram, sparking conversations among many on the social media platform, questioning if cattle produced on illegally converted lands in Nicaragua could be unwittingly consumed by American households. More than 95% of the beef Nicaragua produces is exported primarily to...
Aug 1 Cattle On Feed Projected 1.6% Under Year-Ago
Market analysts and economists participating in the Urner Barry monthly cattle on feed survey predicted on average the Aug. 1 on-feed number at 1.6% below a year ago. On-feed estimates ranged from 98.0% to 99.1% of year-ago levels.
USDA will release its monthly on-feed report at 3 pm Eastern time Friday.
Placements of young cattle in July were predicted on average at 5.5% below a year ago. The range of guesses was from 3.5% to 9.6% under a year ago.
Marketings, or those shipped out for slaughter...
U.S. Beef Herd Declines for Fifth Straight Year
The semiannual USDA Cattle Inventory report, released Friday afternoon, indicated that all cattle and calves in the United States as of July 1 totaled 95.9 million head, down 2.7% from a year ago.
The average pre-report estimate in the Urner Barry survey was expecting a 2.3% decline to 96.3 million head.
The 2023 calf crop was estimated at a record low of 33.8 million head, down 2% from 2022. Total cows and heifers that have calved were reported at 38.8 million head, down 2% from 2022 and nearly on target with analysts' expectations...
Cattle Industry Summer Meeting Education Session to Focus on Resilience
U.S. cattle producers are gathering in San Diego, July 24-26, for the industry’s Summer Business Meeting to discuss critical issues, develop initiatives, and establish direction for various projects aimed at improving the beef cattle industry. One of the highlights of the event is the education session “Optimizing Resources and Leveraging Technology to Build Resilience” on Wednesday, July 26, which will provide leaders with a glimpse into building resilience.
This session, sponsored by Envu, will feature Dr. James Oltjen, Cooperative Extension Animal Management Systems Specialist at the University of...
June 1 Cattle On Feed Projected 3.2% Below Year-Ago
Market analysts and economists participating in the Urner Barry monthly Cattle on Feed survey predicted on average the June 1 on-feed number at 3.2% below a year ago. On feed estimates ranged from 96.4% to 96.9% of year-ago levels.
USDA will release its monthly on-feed report at 3 pm eastern time Friday.
Placements of young cattle in May were predicted on average at 1.7% above a year ago. If accurate, it would be the first time that placements increased year over year since August 2022. The range of guesses...
Live Cattle and Feeder Futures Snap Streak of Higher Closes
After scoring fresh contract highs again at midweek, live cattle futures finished sharply lower Wednesday, snapping their nine-day streak of firmer closes.
The June live cattle contract closed 82.5 cents lower at $179.00 per cwt but remains overbought. The deferred contracts formed outside bearish reversals.
Feeder futures also scored new highs yesterday before nosediving, sending most actively traded August to a nearly one-week floor. The front-month finished $4.15 lower at $239.10 per cwt while September was down $4.25 to $242.275 per cwt...
ANALYSIS: Cash Cattle Market Kicks Off New Month With Fresh Record Highs
This week’s cash cattle trade started off with a bang on Thursday as prices advanced by as much as $9 per cwt from the week prior. Negotiated prices in the South reached $180 per cwt, a new high for the year as well as a record high level for the Texas/Oklahoma region.
In the North, live prices achieved $188 per cwt, also a fresh record high. Dressed sales climbed to $292.50 per cwt in Nebraska, approaching the all-time record of $298...
USDA APHIS Confirms Atypical BSE Case in Beef Cow at South Carolina Plant
The USDA Animal and Plant Health Inspection Service (APHIS) confirmed an atypical case of bovine spongiform encephalopathy (BSE), or mad cow disease, in a beef cow at a slaughter plant in South Carolina.
The beef cow was about five years or older and was tested as part of APHIS’s routine surveillance of cattle that are unsuitable for slaughter. The animal did not enter slaughter channels or present any risk to the food supply chain or to human health, said the USDA.
This is the country’s 7th...
Stock Futures Inch Higher as Talks on Nation's Debt Ceiling Continue
U.S. stocks are posting modest gains in early trading action Friday as talks on the nation's debt ceiling continue. The Dow Jone Industrial Average was last 0.2% higher while the S&P 500 was also up by 0.2%. The Nasdaq-100 was 0.05% higher as of this writing.
Through Thursday’s close, the Dow has gained 0.7% while the S&P 500 has added 1.5%. The Nasdaq-100 has advanced by 3.3% on the week so far on optimism that the U.S. could avoid defaulting on its debt ceiling.
“An actual breach of the U.S. debt ceiling would likely cause severe damage to the U.S. economy,” said the Council of Economic Advisors (CEA) in a blog released earlier this month...
Taco Bell, Cargill and the National Fish and Wildlife Foundation Partner to Restore Habitats
With bold ambitions to operate 10,000 restaurants in the coming years, Taco Bell acknowledges its responsibility to balance global expansion with intentional impact. In pursuit of parent company Yum! Brands' broader climate efforts to reduce greenhouse gas emissions by nearly 50% by 2030, Taco Bell is taking bigger steps to improve the environmental effects of its supply chain, especially for one of its top-selling ingredients. Taco Bell is now partnering with its long-time supplier Cargill and the National Fish and Wildlife Foundation...
ANALYSIS: Beef Cold Storage Stocks Dip Below 5-Year Average
In the latest monthly USDA cold storage report, total frozen beef stocks as of the end of March were reported at 481 million pounds, down 3.9% from February. Beef stocks were 10.3% below the year-ago figure of 535.8 million pounds, which was a seasonal all-time high.
This drawdown is in line with seasonal trends, which indicate that cold storage stocks typically hit their annual lows during the summer months due to peak beef demand during the grilling season...
Bion and Dakota Valley Growers Announce LOI for Sustainable Beef Project
Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in advanced livestock waste treatment technology and premium sustainable beef, and Dakota Valley Growers, a cattle feeder near Bathgate, North Dakota, announced a letter of intent to develop a 15,000-head sustainable beef cattle feeding operation. Annual production from the facility is expected to be approximately 42,500 head of premium sustainable beef cattle.
The Dakota Valley Growers (DVG) project will have indoor barns to ensure the cattle are adding protein instead of burning calories...
USDA Cattle: April 1 On-Feed Data -4.4% from Year-Ago
The number of cattle in U.S. feedyards with a capacity of 1,000 or more head as of April 1 was down 4.4% from a year ago, according to USDA's monthly on-feed report released Friday afternoon.
The report showed the on-feed number about 0.8 percentage point above the average guess of analysts participating in the Urner Barry survey, which was 94.8%.
Placements in March were reported at 99.4% of a year ago, compared with the average guess of 95.2%. The range of the guesses for placements was 1%...
April 1 Cattle on Feed Projected -5.2% on Year; March Placements -4.8%
-- March placements expected on avg 4.8% below year ago; guesses range 1% to 8.5% smaller
-- March marketings seen 1.1% below last year; month had same number of weekdays vs 2022
The average guess for the number of cattle in the nation’s feedyards as of April 1 in Urner Barry’s survey was 5.2% below a year ago.
The monthly on-feed report is scheduled for release at 3 p.m. eastern time Friday.
Placements of young cattle into the feedyards in March were...
Fire, Explosion at Dairy Farm Leaves 1 Injured
Emergency officials responded to a fire and explosion at a dairy farm Monday night near Dimmitt, and one person was airlifted to the hospital.
According to Castro County Emergency Management via Facebook, the Castro County Sheriff's Office, as well as the Dimmitt, Hart and Nazareth Fire Departments, responded to reports of an explosion and fire at the Southfork Dairy Farms, located in the 1600 block of County Road 624, which is approximately 11 miles southeast of Dimmitt.
Upon crews' arrival, it was determined that one person was trapped inside, and fire...
Stocks Futures Add to Gains Ahead of Federal Reserve's Policy Meeting
U.S. stocks added to Monday’s gains in early action Tuesday on optimism that the global banking system is stabilizing after UBS acquired Credit Suisse for $3.2 billion.
“After negotiations that took place during the weekend leading up to the signing of the merger agreement, UBS and Credit Suisse concluded that it would be in the best interest of their shareholders and their stakeholders to enter into the merger,” according to a press release from Credit Suisse...
U.S. Stocks Add to Volatility as Traders Weigh First Republic Lifeline
Adding to this week’s volatility, the Dow Jones Industrial Average declined by 0.4% Friday as traders assess the situation surrounding First Republic Bank.
The nation’s largest banks, including Bank of America and JPMorgan Chase, have granted a $30 billion deposit in First Republic to strengthen confidence in the banking sector.
The S&P 500 was last 0.3% lower. The tech-heavy Nasdaq-100 was flat to slightly firmer and has advanced by over 5% so far on the week, its best performance in several months.
U.S. stock finished...
ANALYSIS: Cattle Weights Buck Seasonal Norms Due to Weather, Feed Costs
Cattle weights have been one of the many pieces to this ever-changing puzzle within the beef complex. While weights typically appreciate throughout the fourth quarter and peak in January, the industry bucked that trend this year.
There are a couple of factors that have led to this trend breaking its streak, one being pasture. Available pasture over the past two years has shrunk and was exacerbated by the drought experienced in the majority of the nation's cattle-raising regions.
Secondly, feed costs have impacted the weight situation...
Cattlemen’s Beef Board Elects New Officers At 2023 Winter Meetings
Cattle producers Jimmy Taylor, Andy Bishop and Ryan Moorhouse are the new leaders of the Cattlemen’s Beef Promotion & Research Board (CBB). This officer team is responsible for guiding the national Beef Checkoff throughout 2023.
Taylor, Bishop and Moorhouse were elected by their fellow Beef Board members during their Winter Meetings, held during the 2023 Cattle Industry Convention in New Orleans, Louisiana. Taylor, the 2022 vice chair, will now serve as the CBB’s chair, while Bishop will transition from his role as the 2022 secretary-treasurer to become the 2023 vice...
CattleFax Forecasts Producer Profitability in 2023 with Potential Drought Relief for the West
The popular CattleFax Outlook Seminar, held as part of the 2023 Cattle Industry Convention and NCBA Trade Show in New Orleans, shared expert market and weather analysis today.
Prices and profitability will again favor cattle producers in 2023. The cattle industry is entering 2023 with the smallest cattle supply since 2015 as drought caused the industry to dig deeper into the supply of feeder cattle and calves. While the exact path to drought relief is unknown, improvements are also expected to translate to moderating feed costs, especially...
NCBA Announces 2023 Policy Priorities
The National Cattlemen’s Beef Association’s (NCBA) executive committee approved the organization’s policy priorities at the 2023 Cattle Industry Convention and NCBA Trade Show, with a focus on advancing animal disease preparedness, protecting voluntary conservation programs, and defending producers from regulatory overreach.
“Our focus is helping to create opportunity for America’s cattle producers and fighting to make sure the federal government does not damage our industry,” said NCBA President-Elect Todd Wilkinson. “Cattle producers have been caretakers of the land and livestock for decades and are committed to conserving this country’s natural resources while producing...
USDA Launches Pilot Cattle Contracts Library
The U.S. Department of Agriculture (USDA) launched its pilot Cattle Contracts Library today at Noon Eastern Time on the Agricultural Marketing Service (AMS) Cattle Contract Library webpage. The Consolidated Appropriations Act of 2022 directed USDA to create a pilot library to increase market transparency for cattle producers. This pilot library will provide new disclosure to the industry and public regarding the key terms, conditions, and volumes under which cattle are contracted, bringing sunshine to practices in what is now the largest part of the cattle market...
Bion and Olson Farms/TD Angus Announce Nebraska Sustainable Beef Practices Project
Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in the development of livestock waste treatment technology and premium sustainable beef, and Olson Farms/TD Angus announced a letter of intent to develop a 45,000-head sustainable beef cattle feeding operation near North Platte, Nebraska.
The project will consist of three of Bion's 15,000-head modules that will include barns with solar panels, manure collection and conditioning, biogas recovery and upgrading, ammonia capture and production of organic fertilizer products, and clean water recovery...
Omega Feeders Introduces a New Cattle Feedlot
This state-of-the-art facility can accommodate up to 6,000 head capacity upgrading to 9,000 head in 2023. The feedlot will provide an efficient and environmentally friendly way to produce high-quality beef. The company has invested in the latest technology to ensure that their feedlot exceeds all industry standards. Omega Feeders is committed to providing the best possible service to its customers and believes that its new feedlot will help them achieve this goal.
Omega Feeders is committed to providing top-notch service with...
NCBA Pleased with Changes in Cattle Contract Library Final Rule
Today, the National Cattlemen’s Beef Association (NCBA) welcomed the release of a final rule from the U.S. Department of Agriculture (USDA) to stand up the Cattle Contract Library Pilot Program. This program was authorized following NCBA’s engagement with Congress on the Consolidated Appropriations Act of 2022.
“We are pleased that USDA listened to feedback from stakeholders like NCBA while crafting the final rule on the Cattle Contract Library Pilot Program. We are hopeful that this pilot program will strike an appropriate balance between offering cattle producers additional insight into the..."
ANALYSIS: Turkey Cold Storage: Less Than What Meets the Eye
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Urner Barry’s Market Briefing Provides Insights on Commodity Protein Markets
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