The November issue of the National Milk Producers Federation DMI, Inc. Dairy Market Report is out. The report says the U.S. dairy market outlook has improved from a month earlier, as the rate of milk production growth continued to decline in September. The all-milk price rose by 80 cents per hundredweight, feed prices declined and the Agriculture Department’s monthly margin … Read More
LMA Insurance Protects Members
The Livestock Marketing Association’s (LMA) new member only program, Payment Assurity Services, (PAYS) is an insurance product that mitigates a market’s risk against buyer default from a bad check or open invoice. The NAFB Trade Talk served as a platform for LMA to share more about their optional service for members. I spoke with President of PAYS, Jennifer Aiman, during … Read More
AgriClear – Empowering Both Buyer & Seller
AgriClear has been providing an online platform for buying and selling cattle since June of this year. This novel idea is changing the way business is transacted and is empowering cattlemen and women to buy and sell cattle on their terms with efficiency and payment assurance at it’s forefront. AgriClear allows producers all over the United States and Canada to … Read More
CattleFax Webinar on 2016 Calf Market Expectations
An upcoming free CattleFax webinar will address a 2016 outlook for the cow-calf segment and entire beef sector, while exploring continued cowherd expansion. They say cow-calf margins will shrink as the U.S. beef cowherd expands, but producers can ensure future profitability by adjusting business plans for the supply increase. The CattleFax Trends+ Cow-Calf Webinar will be at 5:30 p.m. MT, … Read More
October Dairy Market Report
The National Milk Producers Federation and Dairy Management Inc. have released the October Dairy Market Report. This month the report states that the outlook for milk prices remains mostly positive. Milk production continues to grow modestly, but exports continue to lag. Despite recent high to very high inventory levels, prices for butter and cheese have been relatively strong, while nonfat … Read More
Live Cattle Prices to Rally by 2015 End
CoBank has released a new report produced by their Knowledge Exchange division stating that live cattle prices should see a strong year-end rebound following the steepest 30-day decline since the 2003 discovery of mad cow disease in the U.S. The report, titled “What’s Behind the Cattle Market Price Collapse?,” cites three factors for the sudden price decline in August and … Read More
Wisconsin Sec. of Ag Talks Policy at World Dairy Expo
Policies concerning our nation’s dairy industry were just a few of the topics Wisconsin Secretary of Agriculture, Trade & Consumer Protection, Ben Brancel, discussed while attending the 2015 World Dairy Expo. “Today I think price in most all commodities are issues whether you are talking milk or grain prices. Of course low grain prices help that dairy farmer out when … Read More
Senate Reauthorizes Mandatory Livestock Price Reporting
U.S. Senator Pat Roberts, R-Kan., Chairman of the Senate Committee on Agriculture, Nutrition and Forestry, has announced Senate passage of H.R. 2051, the Agriculture Reauthorizations Act of 2015. The bipartisan legislation reauthorized Mandatory Price Reporting (MPR), the National Forest Foundation Act and the U.S. Grain Standards Act (USGSA). “I’m proud to lead a Committee that gets things done in a … Read More
USDA Extends Dairy Margin Protection Program Deadline
Agriculture Secretary Tom Vilsack announced that the deadline to enroll for the dairy Margin Protection Program for coverage in 2016 has been extended until Nov. 20, 2015. The voluntary program provides financial assistance to participating farmers when the margin falls below the coverage level selected by the farmer. “The fall harvest is a busy time of the year for agriculture, … Read More
NPPC Urges Senate To Pass Mandatory Price Reporting Bill
The National Pork Producers Council is urging the Senate to approve legislation reauthorizing the livestock mandatory price reporting law after today’s markup by the Senate Agriculture, Nutrition & Forestry Committee. The law expires Sept. 30. The statute requires meat packers to report to the U.S. Department of Agriculture the prices they pay for cattle, swine and lambs and other information. … Read More