Here are the weekly livestock market reports for Alabama, Florida, and Georgia, for the week ended July 31, 2020, compiled by the Livestock Market News Service for all three states. AL Livestock Market Report: At Alabama Livestock Auctions receipts at 21 markets totaled an estimated 16,700 head compared to 9,959 last week and 16,967 year ago. Compared to one week …
Weekly Livestock Market Report Week Ending 07-24-2020
Here are the weekly livestock market reports for Alabama, Florida, and Georgia, for the week ended July 24, 2020, compiled by the Livestock Market News Service for all three states. AL Livestock Market Report: At Alabama Livestock Auctions receipts at 21 markets totaled an estimated 10,000 head compared to 12,698 last week and 12,242 year ago. Compared to one week …
USDA Making Improvements to Livestock Gross Margin Insurance Program
USDA’s Risk Management Agency (RMA) has announced changes to the Livestock Gross Margin (LGM) insurance program for cattle and swine beginning in the 2021 crop year. Changes include adding premium subsidies to assist producers and moving premium due dates to the end of the endorsement period for cattle. According to a story from Gary Crawford, the changes may make it …
Hog Farmers Face Near $5 Billion Loss
An analysis by economist Steve Meyer for the National Pork Producers Council shows an estimated 2 million hogs still backed up on farms. According to his report, based on lean hog futures prices on March 1 and July 10 and actual hog prices in the interim, potential 2020 revenue from hog sales has been reduced by roughly $4.7 billion. Other …
Red Meat Exports are Valuable to U.S. Corn, Soybeans
Since 2015, indirect exports of corn and soybeans through beef and pork exports has been the fastest-growing category of corn and soybean use, delivering critical returns for corn and soybean farmers. This week, the U.S. Meat Export Federation (USMEF) released an updated version of the independent study aimed at quantifying the value red meat exports provide to U.S. corn and …
U.S., Japan Organic Trade Pact Now Includes Livestock
The USDA says livestock is now added to the list of products included in the organic trade arrangement between the U.S. and Japan. The Fence Post Dot Com says livestock can now be certified to either country’s organic standards for sale as organic in both markets. “Opening new markets for America’s organic farmers and ranchers continues to be a priority …
Weekly Livestock Market Report Week Ending 07-17-2020
Here are the weekly livestock market reports for Alabama, Florida, and Georgia, for the week ended July 17, 2020, compiled by the Livestock Market News Service for all three states. AL Livestock Market Report: At Alabama Livestock Auctions receipts at 21 markets totaled an estimated 12,700 head compared to 13,236 last week and 12,859 year ago. Compared to one week …
Meat Production Continues to Rebound
The USDA recently raised its estimates of red meat and poultry production. The numbers in its newest WASDE report show production levels three billion pounds higher than the agency predicted after COVID-19 shut down meat plants in April and May. An article on agriculture.com says the meat outlook brightened for the second month in a row. “The beef production forecast …
Sheep Producers Account for $26.6 Million in CFAP Payments
According to recent numbers released by the U.S. Department of Agriculture (USDA), sheep producers have collected more than $26.6 million in payments from the Coronavirus Food Assistance Program (CFAP). Payments for lambs and yearlings accounted for more than 91% ($24,366,284.11) of money paid to the American sheep industry. Producers also benefited from wool payments, $1,368,303.22 for non-graded wool and $894,354 …
Groups Request Hearing on Livestock Reporting Rule
The U.S. Cattlemen’s Association, the National Farmers Union, along with 11 other groups sent a letter to the Senate Ag Committee requesting a hearing on livestock mandatory price reporting reauthorization. The Livestock Mandatory Reporting Rule, first established in 1999, mandates price reporting for cattle, boxed beef, swine, and lamb. It’s reauthorized every five years, with the current program expiring on …