We saw various agricultural commodities really struggle late last year. So, with the markets closed today for the President’s Day holiday, Mark Oppold takes time to look at how some of those are trading the first few weeks of 2024. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Weekly Livestock Market Report Week Ending 02-16-2024
Here are the weekly livestock market reports for Alabama, Florida, and Georgia, for the week ended February 16, 2024, compiled by the Livestock Market News Service for all three states. AL Livestock Market Report: At Alabama Livestock Auctions, for the week ended February 16, 2024, receipts at 17 markets totaled an estimated 9,147 head compared to 13,856 last week and …
Seeing Highs in Cattle Markets
We have been seeing some highs in both cattle and feeder futures. Mark Oppold has more on that, along with a reminder about the corporate earnings season. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Forecasting Profitability in the Cattle Industry
During the recent Cattle Industry Convention in Orlando, CattleFax noted the smallest beef cow inventory in the last 50 years, coupled with historically strong demand, led to those higher average fed cattle and calf prices in 2023. And as reduced cattle numbers and beef production continue over the next three years, they note leverage and profitability will continue to favor cattle producers. …
Next Steps for FMMO
The USDA has finished the Federal Milk Marketing Order (FMMO) hearing and is now considering more than 12,000 pages of testimony as it formulates its plan for FMMO modernization. The National Milk Producers Federation (NMPF) continues to do what it can to ensure that the proposal best reflects the interest of dairy farmers and their cooperatives. “We feel that we …
Updating Data Ahead of Outlook Forum
USDA’s Outlook Forum is coming up this week. Mark Oppold looks at how data being compiled may affect the corn and soybeans markets, and also where things stand with quarterly livestock price projections. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
CoBank: Lack of Heifers May Limit Milk Production Growth
According to a new report (.pdf) from CoBank, a sharp decline in the number of dairy heifers available to replace older cows exiting the U.S. dairy herd could limit meaningful growth in milk production. The number of dairy replacement heifers has fallen almost 15 percent in the last six years to reach a 20-year low. While the global demand outlook …
Weekly Livestock Market Report Week Ending 02-09-2024
Here are the weekly livestock market reports for Alabama and Florida for the week ended February 9, 2024, compiled by the Livestock Market News Service for all three states. AL Livestock Market Report: At Alabama Livestock Auctions, for the week ended February 9, 2024, receipts at 17 markets totaled an estimated 13,856 head compared to 11,000 last week and 13,717 …
Lack of Direction for the Grain Trade
There really aren’t many reports helping with the direction of the grain trade right now. Mark Oppold has more details. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
New NCBA President Says Death Tax, Farm Bill Important for 2024
The National Cattlemen’s Beef Association (NCBA) has a new president. Wyoming rancher Mark Eisele was handed the gavel during the 2024 Cattle Industry Convention, held last week in Orlando, Florida. Eisele says his focus during his time as president is to advocate for opportunities to strengthen the industry for future generations. “It’s a crying shame we have to keep revisiting …