New USDA Crop and Livestock Reports Coming

Traders are anxiously awaiting USDA’s next round of reports which should give us a better idea of the size and market prospects for the major crops. And as Gary Crawford reports, USDA will also release revised forecasts for the livestock sector. USDA will release the new round of crop and livestock forecasts on Tuesday, October 12, noon EDT. Sponsored ContentFlorida …

Cattlemen’s Foundation Accepting Applications for Beef Industry Scholarships

The National Cattlemen’s Foundation has announced they are accepting applications for the 2022-2023 CME Group Beef Industry Scholarship. Ten scholarships of $1,500 each will be given to outstanding students pursuing careers in the beef industry. Introduced in 1989, the scholarship identifies and encourages talented students who will play an important role in the future of food production. Students studying education, …

October USDA Deadlines Approaching

Covid-19 has impacted many agricultural and forestry operations across the country, but the U.S. Department of Agriculture (USDA) is offering financial assistance for farmers and ranchers and even timber harvesters and haulers. But USDA reminds those interested the signup deadlines are coming up next week. The signup deadline for three pandemic assistance programs are: ·        Coronavirus Food Assistance Program 2 – October 12 …

August Beef Exports Top $1 Billion

U.S. beef exports set another new value record in August, topping the $1 billion mark for the first time. Information released by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation (USMEF) also notes pork exports saw another strong month in August, remaining ahead of the record pace set last year. Led by record shipments to …

FBC Pleased with Return of “Beef. It’s What’s for Dinner” 300

It was announced this week that the Federation of State Beef Councils, on behalf of the Beef Checkoff, will again sponsor a NASCAR race at the Daytona International Speedway. The “Beef. It’s What’s for Dinner 300” race will be held February 19, 2022. Florida Beef Council (FBC) Director of Beef Marketing and Promotion, DeAnne Maples, says they are thrilled. The 2022 Beef. It’s What’s …

New Report Indicates Government Interference in Beef & Cattle Markets has Unintended Consequences

In response to a bipartisan request from the House Agriculture Committee, Texas A&M University has completed a comprehensive report on the U.S. cattle and beef markets written by leading economists across the country. Among its key findings is that proposals increasing government intervention and mandates will cost livestock producers billions of dollars. “Thursday the House Agriculture Committee will hold the …

ERS Study Shows Meatpackers Role in COVID Spread

A study from USDA’s Economic Research Service (ERS) shows the role meatpacking plants played in the spread of COVID-19. In what ERS describes as a working paper, the study outlined 49 U.S. non-metro counties in which 20 percent or more of employment is in meatpacking, defined as meatpacking-dependent counties. This represents 41 percent of all nonmetro counties with employment in …

USDA Initiative to Create More and Better Market Opportunities

The U.S. Department of Agriculture (USDA), as part of their efforts to address food systems challenges arising from the pandemic as well as those going back decades, has announced plans for another $100 million in funding from the American Rescue Plan Act. The funding would leverage hundreds of millions more in lending through community and private sector lenders to expand …