North American Cattle Groups Say Don’t Jeopardize NAFTA

Jamie Johansen

The National Cattlemen’s Beef Association (NCBA) joined its cattle-industry partners in Canada and Mexico in sending a joint letter to President Trump, President Justin Trudeau of Canada, and President Enrique Pena Nieto of Mexico, urging the three leaders to not “jeopardize the success we have all enjoyed as partners of the North American Free Trade Agreement.” The letter was signed …

Ag Group, Beef, International, Markets, NCBA, Trade

GIPSA Delays Effective Date of Interim Final

Jamie Johansen

The USDA’s Grain Inspection, Packers and Stockyards Administration (GIPSA) announced that it is delaying the effective date of the Scope of Sections 202 (a) and (b) of the Packers and Stockyards Act Interim Final Rule until October 19, 2017. They also announced they are asking the public to comment on four possible actions USDA should take in regards to the …

Ag Group, GIPSA, Livestock, Markets, usda

March Dairy Market Report

Jamie Johansen

The National Milk Producers Federation (NMPF) and Dairy Management Inc.’s March Dairy Market Report is now out. In January, the average U.S. all-milk price reached its highest level since the final month of the 2013-2014 price spike. At $10.54 per hundredweight, the Margin Protection Program (MPP) margin for November–December was the highest in two years. Also in January, dairy exports …

Ag Group, Dairy, Dairy Management Inc., Markets, Milk, National Milk

Beef Prices Near Sustainable Levels

Lizzy Schultz

Cattle and beef prices have recovered coming into spring, with beef and competing protein prices underlie it all. The Choice boxed-beef price recovered nearly 20% from its January low by the end of March, to the neighborhood of $2.20 per pound. Paul Dykstra, beef cattle specialist for the Certified Angus Beef ® (CAB®) brand, says history suggests a little more …

Angus, Beef, Markets, Price

USDA’s Quarterly Hogs & Pigs Report

Jamie Johansen

The Pork Checkoff announced the USDA’s Quarterly Hogs and Pigs Report. The call featured three distinguished agricultural economists and their reactions to the report. A general theme of hog number growth sat centerstage. The panelists included: – Len Steiner, President, Steiner Consulting Group, Merrimack, NH – Daniel Bluntzer, Partner, New Frontier Capital Markets LLC, Corpus Christi, TX – Kevin Bost, …

Ag Group, Audio, Markets, Pork, Pork Checkoff, usda

Livestock Groups Concerned With Trump’s Trade Action

Jamie Johansen

Animal ag groups jumped to respond to President Trump’s announcement that he is withdrawing the U.S. from the Trans Pacific Partnership (TPP) trade deal and may seek to take action on the North American Free Trade Agreement (NAFTA). Tracy Brunner, President of the National Cattlemen’s Beef Association (NCBA), said “We’re especially concerned that the Administration is taking these actions without …

Ag Group, Beef, Cattle, Dairy, Livestock, Markets, Meat, National Milk, NCBA, Trade, USDEC, USMEF

MO Cattlemen Receive Insight On Beef Market

Lizzy Schultz

The 49th Annual Missouri Cattle Industry Convention and Trade Show was held earlier this month, featuring eight educational sessions as part of the event’s Cattlemen’s College. The sessions allowed producers to learn more about topics like cattle markets, productions technologies, and managing risks. Ed Greiman, National Cattlemen’s Beef Association (NCBA) Cattle Marketing and International Trade Committee Chairman, led a Cattlemen’s …

Ag Group, Agribusiness, Audio, Beef, Cattle, economics, Markets, NCBA

A Livestock Market Outlook from #AFBF17

Jamie Johansen

Dr. Karl Skold, head of agricultural economics at JBS, talked about the ample supplies of meat we will see in 2017 during a workshop at the American Farm Bureau Federation’s 2017 Annual Convention & IDEAg Trade Show. Skold said a historically unusual situation of expanding herds, growing supply and significant demand is driving an overall positive outlook for producers of …

AFBF, Ag Group, Audio, Farm Bureau, Markets, Meat

December Dairy Market Report

Jamie Johansen

The National Milk Producers Federation (NMPF) and Dairy Management Inc. (DMI) have released the December Dairy Market Report. U.S. dairy exports continue to improve. Export volumes were up during August–October compared to a year earlier for most major product categories. Nonfat dry milk and dry whey prices have been rising due to an improving world market for dairy ingredients. This …

Ag Group, Dairy, Dairy Management Inc., Markets, National Milk

Rabobank Report on 2017 Global Animal Protein Outlook

Jamie Johansen

A new report, “Prices Under Pressure in a Supply-Driven Market: Global Outlook for Animal Protein in 2017” from the Rabobank Food & Agribusiness Research and Advisory group finds: • High supply and competitive market expected to push down current prices • China forecast to maintain record levels of pork imports into 2017 • More complex production market forecast, with pressure …

Agribusiness, Markets