As of December 1, the number of cattle in U.S. feedyards with capacity of 1,000 head or more stood at 10.9 million head, which was up 1 percent from the total one year earlier, according to the USDA’s December Cattle on Feed report.
Compared to last week, all weights and classes of feeder cattle and calves sold mostly 10.00-15.00 lower and many instances 20.00 lower. The market caught up with lower sales late last week and then declined even more as the joy ride that cattle markets have enjoyed encountered hurdles in its path this week.
It has been a chaotic couple of weeks in the cattle markets. After several days of limit lower prices on the futures market, this week has ended with sharply higher prices, though still down for the week.
USDA’s Long-term Projections for agriculture have been released with estimations reaching 2014. Chicken leads the pack in total meat consumption, beef and pork tag behind. Total cow inventory expected to make significant increases.
Corn traders seem to be balancing positions before the weekend. Despite firm equity markets and a more stable currency situation, as well as more evidence of Russian government moves to curtail its wheat exports, the crop markets turned decidedly lower Thursday night. Corn futures followed wheat downward, but firmed later in the day when a private forecaster predicted reduced 2015 plantings. March corn futures closed 0.5 cent lower at $4.105/bushel Friday, while July skidded 0.25 to $4.26.
With increasing expectations of commercial producers, the Red Angus Association of America (RAAA) strives to ensure producers of the productive, long-term, positive return of Red Angus genetics. Powered by the Red Angus database and a GeneSeek reduced-panel DNA test, the RAAA has developed and released the Herd Navigator genetic panel.
Purdue University's Department of Agronomy is offering a distance education course to give farmers and agribusiness professionals a comprehensive baseline understanding of agronomy and agronomic practices.
Growers wanting to brush up on their grain marketing skills or those who want to learn how to improve their farm operation’s profitability can participate in a series of online grain marketing courses taught by experts from Ohio State University’s College of Food, Agricultural, and Environmental Sciences.