Choice boxed beef prices saw a jump from $204.32 on Monday to $207.93 on Tuesday. The $3.61 increase brought the 27-day average price to $219.92. Select boxed beef saw an even greater increase of $4.27 to $203.28, bringing the 27-day average price to $213.58.
Choice primal loin saw the largest increase of $4.80, followed closely by choice primal chuck with a $4.60 increase. Choice primal flank saw the lowest increase of 59 cents.
The U.S. Department of Agriculture (USDA) today announced more than $17 million in grants for organizations that will develop training and provide other resources for beginning farmers and ranchers across the nation. The awards are made through the Beginning Farmer and Rancher Development Program, which is administered by USDA's National Institute of Food and Agriculture (NIFA).
By Amy Millmier, University of Nebraska-Lincoln Extension
As crops come out of the field, manure application equipment typically begins going in. While knowing the nutrient concentrations in your manure, the nutrient levels in the soil, and the nutrient needs of future crop needs are important, another critical component of the manure application process is using the right manure spreader setting, speed, and lane spacing during application. Combining all of these factors to optimize application efficiency is referred to as calibrating the manure spreader.
CME Group Inc, the world's largest livestock futures market operator, has raised margin rates for live cattle futures for the second week in a row after dramatic swings in the market, an exchange spokesman told Reuters on Thursday.
A year ago, talk around the coffee table had one rancher telling how he got $3/lb. for his calves and another said he sold his for more than $1,500/head, a price he was sure he'd never live long enough to see.
By Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist
There are encouraging signs that fed and feeder cattle markets have turned the corner on the massive slide in prices in recent weeks. Notice that I didn’t say “correcting the overcorrection”. What has happened, especially for fed cattle markets, was a necessary correction to provide the market signals to fix a problem that developed over several months due to a lack of proper market signals.
Anyone who follows beef cattle markets closely is well aware of the price volatility that currently is in place. No better example of this is the cash fed cattle market. Current fed cattle prices are just now falling below prices seen two years ago in 2013. During the past two years, the fed cattle market has experienced two of the most extreme moves in the history of the cattle market.