drought

Improved Drought Conditions Increase Pasture and Rangeland Health

Droughts have affected several parts of the country, causing decreases in pasture and rangeland conditions. USDA meteorologist Brad Rippey discusses updates on pasture conditions. “We did see a one-point increase in the very poor-to-poor ratings for pastures nationally,” said Rippey. “Now 36 percent, up from 35 percent a week ago. The good-to-excellent rating dropped a point from 34 percent last …

BLT season

BLT Season to Help Lean Hog Numbers

The bacon, lettuce, and tomato season is going to help an already surging pork trade. Meanwhile, cattle trade battling three-month lows. We’re starting to see more fresh produce stands along the roadsides as we move deeper into July. Lean hog futures at four-week highs now in mid-July, even with ample supplies and heavier weights. BLT season certainly going to help, …

Livestock Forage

USDA Expands the Livestock Forage Disaster Program

The USDA is expanding the Livestock Forage Disaster Program, giving cattle producers faster access to financial assistance when drought reduces available grazing. The Livestock Forage Disaster Program, commonly known as LFP, provides payments to eligible livestock producers who suffer grazing losses because of qualifying drought or wildfire. One of the biggest changes announced by the USDA affects how quickly producers …

livestock-indemnity-program

USDA Makes Changes to Livestock Indemnity Program

The U.S. Department of Agriculture is making significant changes to the Livestock Indemnity Program, providing additional financial protection for livestock producers who suffer eligible animal losses. Administered through USDA’s Farm Service Agency, the Livestock Indemnity Program, or LIP, helps compensate producers when livestock deaths exceed normal mortality because of eligible weather events, disease, or predator attacks. One of the biggest …

usca

USCA Expresses Need for Brazilian Beef Tariffs

The United States Cattlemen’s Association (USCA) testified before the Office of the U.S. Trade Representative, urging for strong comprehensive trade action under Section 301. Jenna Stanton, USCA Director of Policy and Public Affairs, expressed support of additional tariffs on Brazilian bovine products. Stanton said, “Brazil’s cattle sector enjoys an unfair advantage that no U.S. rancher can, or would ever want …

membership

ACA Looks Forward to Upcoming July Meetings

We caught up with Erin Beasley of the Alabama Cattlemen’s Association (ACA) to hear more about their upcoming meetings. “Well, we want our membership to know that we’ve got another set of summer regional meetings that will be taking place this month. We have July the 9th, that will be our Black Belt regional meeting right there in Valley Grand, …

American Farmland

USDA Project Aims to Help Beef Producers Through Sustainable Grazing Systems

The American Farmland Trust’s Beef Grazing Network is launching a redesigned Beef Producer Economic Resilience Initiative, in part with the USDA’s Advancing Markets for Producers Program. The $42 million project will support 700 beef producers from the Mid-Atlantic, Southeast, and Texas. These funds are aimed at making producers’ operations more profitable and resilient, through sustainable grazing systems. Dr. Richard Watson, …

Superior

Superior Livestock’s Sale Kicked Off

Superior Livestock’s biggest sale of the year kicked off yesterday. It’s their week-long week in the Rockies. They expect over 240,000 head of cattle, calves, and bred-stock offered before the gavel comes down Friday afternoon, so it’s a good market test. We watched August Live Cattle and August Feeder Cattle. Both have followed a similar price path. Both reached their …

weather

Weather Affecting Industries

World events certainly affect grain, and livestock markets all year long, but as we move deeper into July, weather takes more of a spotlight for both. Markets back open today after the holiday. We hope it was a great weekend for family and friends. We mentioned in a report last week that December corn historically reaches a top 10 to …