Tracking Commodity Markets in 2022

We are nearing the end of the fifth month of 2022, and some of you may wonder how various commodity markets are doing. Today, Mark Oppold looks at the top 10 markets and how they’ve performed so far this year. Sponsored ContentFlorida Cattle Enhancement Board Provides Opportunities to Develop Preliminary Data For Future Grant ProjectsMay 1, 2026Florida Cattle Enhancement Board …

Agricultural Markets Watching Weather Conditions

As we get set to head into a holiday weekend, those involved in agricultural markets continue to watch the weather forecasts closely, for a variety of reasons. Mark Oppold has more details. Sponsored ContentFlorida Cattle Enhancement Board Provides Opportunities to Develop Preliminary Data For Future Grant ProjectsMay 1, 2026Florida Cattle Enhancement Board Provides Critical Funding To Enhance Brahman GeneticsApril 24, …

Beef Production May Fall, but Strong Picture for Broilers

U.S. beef production may decline in 2023, pushing steer prices higher. But according to a story from Gary Crawford, the outlook for the nation’s broiler producers is what one analyst calls, “strong”. Sponsored ContentFlorida Cattle Enhancement Board Provides Opportunities to Develop Preliminary Data For Future Grant ProjectsMay 1, 2026Florida Cattle Enhancement Board Provides Critical Funding To Enhance Brahman GeneticsApril 24, …

Record May First Cattle Feedlot Inventory

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 …

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 …