John Maday

Corn and hay stocks increase significantly

The feed outlook has brightened considerably from a year ago, helping contribute to the recent rise in calf and feeder-cattle value. The January Feed Outlook report from USDA estimates 2013 corn and hay production somewhat lower than previous forecasts, but well above last-year’s totals. FULL STORY »

Beef prices continue to soar

Early last week we reported that Select wholesale beef had topped the $200 per hundredweight milestone. Prices continued to climb throughout the week, and on Monday, Jan. 13, the Select beef cutout gained another $3.18 to average $214.76 per hundredweight. The Choice cutout meanwhile, averaged $216.94 on Monday, according to the National Daily Cattle and Beef Summary from USDA. FULL STORY »

Dispelling a few food myths

Every now and then, someone gets it right. With all the misinformation about food and nutrition floating around in the consumer media and social media, it is refreshing to occasionally come across an attempt to set things straight. A recent article from Fitness Magazine titled “The truth about common nutrition myths” does just that. FULL STORY »

USDA reduces corn-production estimate

The USDA adjusted projections for 2013-2014 feed-grain supplies downward somewhat based on a slightly lower estimate of yields and higher projected use. The World Agricultural Supply and Demand Estimates (WASDE), released on January 10, also featured an increase in estimated beef production for 2013 and 2014. FULL STORY »

NIAA releases white paper from antibiotics conference

Back in November 2013, the National Institute of Animal Agriculture (NIAA) hosted a symposium titled “Bridging the Gap between Animal Health and Human Health,” intended as a multi-stakeholder forum for discussion on the use of antibiotics, antibiotic resistance and a path forward for animal agriculture focused on a commitment to long-term animal health and human health. FULL STORY »

University of Illinois schedules webinar on antibiotic rules

On January 28, from noon to 1 pm Central time, the Department of Animal Sciences of the University of Illinois will offer a free webinar to help veterinarians, livestock producers and other industry professionals understand the FDA’s new policies on antibiotic use in food animals. FULL STORY »

Now they need a definition

McDonald’s this week announced it plans to begin purchasing “sustainable beef” by 2016. Eventually the company hopes to purchase beef exclusively from certified sustainable sources, but they acknowledge it could take time, first to define just what sustainability means in different environments and production systems, then to develop verifiable supply chains. FULL STORY »

Select beef cutout tops $200

Boxed beef prices have been moving upward, and on Monday reached a new milestone with the Select cutout gaining $4.16 per hundredweight to average $201.38 per hundredweight. Prices moved even higher on Tuesday, with the Choice cutout gaining $1.77 to average $207.31 per hundredweight and select gaining $2.18 to a new high of $203.56, according to USDA’s National Daily Cattle and Beef Summary. FULL STORY »

Select beef cutout tops $200

Boxed beef prices have been moving upward, and on Monday reached a new milestone with the Select cutout gaining $4.16 per hundredweight to average $201.38 per hundredweight. The Choice cutout gained $1.21to average $205.54 per hundredweight, according to USDA’s National Daily Cattle and Beef Summary. FULL STORY »

APHIS calls for comments on CWD program

The USDA’s Animal and Plant Health Inspection Service (APHIS) has given notice of changes to the Program Standards for the chronic wasting disease (CWD) herd-certification program for cervids. The agency will accept public comments until March 31, 2014. The notice includes instructions for submitting comments. FULL STORY »

Study indicates better convergence in grain markets

During the years from 200 through 2011, grain traders noticed wider-than-usual discrepancies between futures and cash prices for wheat, corn and soybeans. This “non-convergence” created concerns over the viability of those futures contracts as price-discovery and risk-management tools. FULL STORY »

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