USDA Announces Intent To Establish Negotiated Rulemaking Committee For Changes To Livestock Mandatory Reporting
The U.S. Department of Agriculture’s Agricultural Marketing Service (AMS) today announced its intent to establish a Wholesale Pork Reporting Negotiated Rulemaking Committee. The Committee will be charged with developing proposed language to amend the Livestock Mandatory Reporting regulations to implement mandatory pork price reporting. The proposed language developed by the Committee will be published as a proposed rule in the Federal Register. FULL STORY »
Livestock Slaughter: Beef Production & Cattle Slaughter Decrease
Commercial red meat production for the United States totaled 4.27 billion pounds in October, down 3 percent from the 4.39 billion pounds produced in October 2009.
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CCA Praises Duty-Free Access For Canadian Beef In EU Market
The Canadian Cattlemen’s Association (CCA) praises today’s announcement that Canadian beef will now have improved access to the European Union (EU) in the form of a 20,000 tonne duty free quota. This issue has been one of CCA’s top market access priorities and we congratulate Ministers Gerry Ritz and Peter Van Loan for keeping this issue at the forefront in order to achieve today’s result. FULL STORY »
Monday Market Sentiment: Industry Leaders Predict A Jump In Cash Cattle Prices
A survey of cattle-industry leaders suggests the average price for cash cattle will increase $0.82 to $98.86 per cwt this week.
The Monday Market Sentiment is a forecast of the upcoming weekly cash trade (5-Area weighted average price) prices reported by the USDA. FULL STORY »
U.S. Beef Export Market More Bullish Than Bearish
The U.S. beef export forecast for 2010 has been revised upward to 2.29 billion pounds. This export total is only 10 percent lower than the pre-BSE discovery record level in 2003 and demonstrates nearly 17 percent year-over-year growth. Third-quarter exports totaled 590 million pounds, 19 percent higher than yearearlier levels. FULL STORY »
Corn & Cattle Prices Generate Confusing Signals
Federally inspected cow slaughter is at its highest level in more than a decade, and this slaughter has been based on the lowest cow inventories since the early 1950s. The total quantity of beef produced per cow (January 1 inventories) in the United States has grown significantly over this same period from 310 pounds (1956) to 633 pounds (2009), as has both domestic and international demand for U.S. beef. FULL STORY »
Corn Exports Down 4 Percent
Net sales of 561,800 MT were down 4 percent from the previous week. Increases were reported for unknown destinations (135,000 MT), Mexico (105,100 MT), Japan (85,700 MT), Ireland (62,200 MT, including 60,000 MT switched from unknown destinations), Syria (54,200 MT, switched from Egypt), Tunisia (46,700 MT), and Costa Rica (39,400 MT). FULL STORY »
Retail Beef Prices Decline, Ground Beef Up
The USDA released the latest retail meat prices for August on Friday. The report showed retail beef prices declined $0.035 falling to $3.944. Lean and extra lean ground beef prices increased by $0.063 to $3.574. Sirloin steak (Not choice or Prime) prices declined $0.098 falling to $4.833. FULL STORY »
Video: Why GIPSA Is Good For The Cattle Business: Bill Bullard, R-CALF USA
Bill Bullard of R-CALF USA discusses potential impacts of the proposed GIPSA rules on the US cattle industry.
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Corn Exports Up, Well Behind This Year's Average
Net sales of 472,200 MT for delivery in 2009/10 were up 9 percent from the previous week, but down 15 percent from the prior 4-week average.
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