Industry Headlines

Livestock Imports From Canada Continue To Decline

Cattle and hog imports from Canada have trended lower in recent years as a combination of a strong Canadian currency, declining livestock inventories and changes in US rules for handling imported livestock have negatively impacted trade flows. It is important to recognize that following the NAFTA agreement, the US and Canadian livestock industries became increasingly integrated. ... Full story.

In The Cattle Markets: Why Did Calf Prices Increase Contra Seasonally?

Seasonal price patterns are a fact of life in the cattle industry, and are usually the basis for good marketing plans. Under 650 lb. calf prices usually decline seasonally into November from Spring and Summer highs. That pattern was intact again this year until mid-October. Since then, calf prices have staged a contra-seasonal rally.
... Full story.

In The Cattle Markets: Why Did Calf Prices Increase Contra Seasonally?

Seasonal price patterns are a fact of life in the cattle industry, and are usually the basis for good marketing plans. Under 650 lb. calf prices usually decline seasonally into November from Spring and Summer highs. That pattern was intact again this year until mid-October. Since then, calf prices have staged a contra-seasonal rally.
... Full story.

Eastern Livestock Co. May Face Involunatry Bankruptcy For Bad Checks

An Indiana firm under federal investigation for passing bad checks for cattle purchases could find itself forced into bankruptcy proceedings if a judge grants a motion filed by some of those owed money.
... Full story.

Eastern Livestock Co. May Face Involunatry Bankruptcy For Bad Checks

An Indiana firm under federal investigation for passing bad checks for cattle purchases could find itself forced into bankruptcy proceedings if a judge grants a motion filed by some of those owed money.
... Full story.

Monday Market Sentiment: Industry Leaders Predict A Slight Drop In Cash Cattle Prices

A survey of cattle-industry leaders suggests the average price for cash cattle will decrease 0.08 to $102.58 per cwt this week.
... Full story.

Monday Market Sentiment: Industry Leaders Predict A Slight Drop In Cash Cattle Prices

A survey of cattle-industry leaders suggests the average price for cash cattle will decrease 0.08 to $102.58 per cwt this week.
... Full story.

USMEF Statement On U.S.-Korea Free Trade Agreement

Friday's announcement by President Obama that negotiators for the United States and South Korea have reached consensus on their free trade agreement (FTA) is very welcome news for U.S. red meat producers, processors and exporters. The U.S. red meat industry will reap significant benefits under the FTA from the gradual elimination of duties on pork and beef exports to Korea.
... Full story.

Nebraska Man Denies Faking Cattle Inspection Reports

A former Nebraska cattle inspector has been ordered to stand trial on federal charges that he faked reports about mad cow disease.

Court documents filed in U.S. District Court in Omaha show 41-year-old Galen Niehues, of Cozad, pleaded not guilty Thursday to making false statements and mail fraud. A trial date was set for Feb. 7.
... Full story.

National Feeder Cattle Report: Tight Supplies Have Buyers Paying More Following Thanksgiving Weekend

Compared to last week’s light holiday offering, as most markets after Tuesday were closed in observance of Thanksgiving, many markets this week are compared to two weeks ago.
... Full story.

FY 2011 Ag Exports, Imports, & Trade Surplus Projected At Record Highs

Fiscal 2011 agricultural exports are forecast at a record $126.5 billion, up $13.5 billion from the August forecast and $17.8 billion above final 2010 exports. Exports are forecast to exceed the previous record set in 2008 by more than $11.5 billion. Sharply higher unit values for leading export commodities account for most of the forecast increase in value.
... Full story.

Jolley: Will We Finally Get A Modern Food Safety Bill?

The Senate took one baby step toward reforming food safety when it passed S. 510, the Food Safety Modernization Act, Tuesday morning. All that remains between food safety in the twenty-first century and the end of the mid twentieth century ‘scratch and sniff’ system is that governmental rarity – compromise.
... Full story.