News

EIA expects global oil consumption to grow in 2014

EIA estimates that global consumption grew by 1.2 million bbl/d in 2013, averaging 90.4 million bbl/d for the year. EIA expects global consumption to grow 1.2 million bbl/d in 2014 and 1.4 million bbl/d in 2015. FULL STORY »

Global oil prices remain uncertain

Brent crude oil spot prices in March averaged $107/bbl. This was the ninth consecutive month Brent crude oil spot prices averaged between $107/bbl and $112/bbl. The Brent crude oil price is projected to average $105/bbl and $101/bbl in 2014 and 2015, respectively. FULL STORY »

Energy Outlook: Gasoline prices down, Oil flat

During the April-through-September summer driving season this year, regular gasoline retail prices are forecast to average $3.57/gallon (gal). The projected monthly national average regular retail gasoline price falls from $3.66/gal in May to $3.46/gal in September. FULL STORY »

Understanding beef-cattle lameness takes knowing where to look

Beef cattle are naturally adept at hiding signs of weakness, and as a result, lameness prevalence in beef cattle is often underestimated. FULL STORY »

Feeder, packer margins fall

Despite falling more than $12 per head last week, cattle feeders are still earning more than $210 per head according to the latest data from the Sterling Beef Profit Tracker. FULL STORY »

N.D. expands herd despite beef dip nationwide

In the past year beef numbers have dropped from 29.3 million to 29 million, although beef prices rose and corn prices fell. This should have allowed producers to grow their herd sizes but did the opposite. FULL STORY »

Scours in beef calves prevalent this spring

Although many beef producers experienced more than the usual number of hypothermia cases in calves born this year due to several days of sub-zero temperatures, scours is still the No. 1 neonatal calf disease producers will fight year after year, according to K-State veterinarian Gregg Hanzlicek. FULL STORY »

Sign-up begins for USDA disaster assistance programs

Agriculture Secretary Tom Vilsack announced that starting April 15, eligible farmers and ranchers can sign up for U.S. Department of Agriculture (USDA) disaster assistance programs restored by passage of the 2014 Farm Bill. FULL STORY »

World Chefs: Jose Garces experiments with beef at new restaurant

Jose Garces has been practicing his entertaining skills and refining the menu he will cook before guests at his latest fine-dining venture restaurant Volver, set to open on Wednesday in Philadelphia. FULL STORY »

Schwieterman: Live cattle futures closed higher

Live cattle futures closed mostly higher on Monday, with most of the gains in the lead April contract. Showlists appear to be smaller than a week ago in most areas. FULL STORY »

USMEF Audio Report: Pork, beef exports to Mexico start strong

U.S. pork and beef exports to Mexico posted very strong results in early 2014, despite concerns about tight supplies and rising U.S. meat prices. FULL STORY »

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