The U.S. Department of Agriculture has released their May Cattle on Feed Report. It shows the number on feed for the slaughter market in the U.S. for feedlots with capacity of 1,000 or more head was 12.0 million head on May 1, 2022. That is 2 percent above May 1, 2021 and is the highest May 1 inventory since the …
LMA Convention & WLAC to be Held in Indiana
The Livestock Marketing Association (LMA) has announced the 2022 World Livestock Auctioneer Championship (WLAC) will be held Saturday, June 11 at the Shipshewana Auction, Inc. in Shipshewana, Indiana. Plus, the LMA’s Annual Convention will take place in conjunction with the WLAC. Thirty one semi-finalist auctioneers will compete in the contest comprised of an auctioneering and interview portion. The auctioneering contest will take …
Dairy Groups: Retaliatory Tariffs Required as Canada Refuses its USMCA Obligations
The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) Monday called on the U.S. government to levy retaliatory tariffs on Canada. The call comes after Ottawa made clear that it refuses to meet its signed treaty obligations under the U.S.-Mexico-Canada Agreement (USMCA) concerning dairy market access. In January, a USMCA dispute resolution panel initiated by the …
U.S. Beef Exports Growth Expected to Continue
We recently told you that U.S. beef exports saw another new value record in March. They totaled 126,285 metric tons, up 1% from a year ago and the third largest on record, while the value was up 33% to a record $1.07 billion. Vice President for Economic Analysis at the U.S. Meat Export Federation (USMEF), Erin Borror, says every month it continues to …
Livestock Market Reports for Week Ended 04-29-2022
Here are the weekly livestock market reports for Alabama, Florida, and Georgia for the week ended April 29, 2022, compiled by the Livestock Market News Service for all three states. AL Livestock Market Report: At Alabama Livestock Auctions, for the week ended April 29, 2022, receipts at 21 markets totaled an estimated 16,700 head compared to 8,159 last week and …
Big Four Beef Packers Deny Collusion
The ‘big four’ beef packers, in dramatic questioning during a House Ag hearing this week, denied breaking antitrust laws by colluding to create record profits. It was a dramatic moment in an hours-long hearing, as Ag Chair David Scott asked the ‘big four’ beef packer CEOs if they’d worked together to set prices, netting 15 billion in profits last year …
CoBank: Rising Meat Prices Will Test Consumer Demand
U.S. consumer demand for meat at the retail level remains exceptionally strong despite rising prices caused by increased production costs and supply chain challenges. A new CoBank report says that may change soon. Once the full effect of increased costs of producer price inflation shows up in the retail meat case, demand will get tested. “Retail meat prices will remain …
Senate Ag Committee Split on Cattle Market Reform Bill
A Senate Ag Committee cattle market reform hearing Tuesday proved again just how divided the industry is over how to deal with packer concentration, and in some cases, how afraid some producers are to say. Iowa Senator Chuck Grassley claimed momentum for his Cattle Price Discovery and Transparency Act ahead of the Senate Ag hearing. “It does not include the …
U.S. Cattle on Feed Up 2 Percent
The USDA National Agricultural Statistics Service (NASS) released their April Cattle on Feed Report and the new numbers show the number of cattle and calves on feed for the slaughter market in the U.S. for feedlots with capacity of 1,000 or more head totaled 12.1 million head on April 1, 2022. The inventory was 2 percent above April 1, 2021, …
Livestock Market Reports for Week Ended 04-22-2022
Here are the weekly livestock market reports for Alabama, Florida, and Georgia for the week ended April 22, 2022, compiled by the Livestock Market News Service for all three states. AL Livestock Market Report: At Alabama Livestock Auctions, for the week ended April 22, 2022, receipts at 21 markets totaled an estimated 8,200 head compared to 11,561 last week and …