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Industry Headlines

Industry Headlines

Cowboy Cattle Chat: Solid footing

This week's three minute breakdown of the cattle markets with Corbitt Wall of DV Auction.

Industry Headlines

In the Cattle Markets: Fed cattle prices looking for seasonal low

Cash fed cattle prices bounced back some last week after declining more-or-less steadily since the first week of April. That week, the 5-Area weekly weighted average steer price (live basis) worked out to $167.57. Two weeks ago, the 5-Area steer price bottomed out at $145.48. That is a decline from spring high to summer low (tentatively, at least) of 13.2 percent.

Industry Headlines

Top 10: 104 countries have more than 1 million head of cattle

104 Countries Have More Than 1 Million Head Of Cattle

According to the FAO, the world has 1.468 billion head of cattle.  Brazil has the largest cattle inventory in the world followed by India and China.  More than 100 countries (104) have a cattle inventory in excess of 1 million head.  More...

Industry Headlines

States with the worst pasture condition in the U.S.

California has the worst pasture condition in the United States followed by Oregon & Washington.

California has 55% of their pasture rated as poor or very poor.

Seven (7) states have 20% or more of their pasture rated poor or very poor.

Industry Headlines

Pasture condition by state

Fifty eight percent (58%) of the pasture in the United States is rated as good or excellent.  This compares to 61% last week and 50% last year.

Eighty nine percent (88%) of the pasture in the United States is rated as fair, good or excellent.  This compares to 88% last week and 82% last year.

Eleven percent (12%) of the pasture in the United States is rated as poor or very poor.  This compares to 12% a week ago and 18% last year. 

Industry Headlines

Ohio has worst corn condition; Minnesota best

Ohio has the worst corn condition in the United States followed by Indiana and North Carolina. 

Forty five percent (46%) of the corn crop in Ohio is rated as good or excellent. 

Eighty seven percent (87%) of the corn crop in Minnesota is rated as good or excellent.

Industry Headlines

Corn condition by state

Seventy percent (70%) of the crop in the United States is rated as good or excellent.  This compares to 70% last week and 73% last year.

Fifty nine percent (59%) of the corn crop is rated good or excellent in Kansas.

Eighty three percent (83%) of the corn crop in Iowa is rated good or excellent.

Industry Headlines

Ranch succession-planning series: Work for someone else before your family

Part two: Define Compensation and responsibilities. There is a lot to be gained by the next generation working for someone else before they return to the family operation, says Dave Specht, founder of Advising Generations LLC. “A lot of people assume the easiest career path is to just go home to the family operation. It’s not the easiest,” he warns.

Industry Headlines

Beef herd expanding quickly, but will it continue?

The nation's beef cow herd has started down the path of the largest expansion in 25 years. The last major expansion was from 1990 to 1995 when the herd grew by ten percent. The industry had started on a modest expansion in 2005 and 2006, but producers aborted that expansion cycle due to the Southern Plains drought and the start of the high feed price era late in 2006.

Industry Headlines

Cattle Outlook: Price Index For Cattle Bright Spot

Consumer demand for livestock products continues to be important in determining the pressure on livestock prices in the coming months. The June 2015 Restaurant Performance Index (RPI) was released today showing a 0.4 percent decline relative to the previous month. That is the lowest level for the RPI in nine months. The RPI still stands at 102.0 suggesting the expansion in the index has continued for a 28th straight month.

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