Our latest report from Sterling Beef Profit Tracker shows a big improvement in feedlot margins, although they're still in the red, fed and feeder steers holding price levels fairly well, and packer margins still pretty well in black ink.
By Matt Spangler, University of Nebraska- Lincoln Extension
A new website dedicated to beef cattle genetics has been launched at the 2015 Beef Improvement Federation Conference. eBEEF.org (http://ebeef.org/ ) is part of the national eXtension program with the goal of being a one-stop site for beef cattle genetics and genomics information. Beef cattle specialists from six land grant institutions have joined forces to provide educational materials that are pertinent to today’s beef cattle producers, without searching multiple sites or filtering through countless hits on a search. The site contains factsheets, short frequently asked question (FAQ) video clips, relevant conference recordings and webinars, a blog and links to other useful beef sites.
The grain markets traded mixed Monday as the slightly improved weather outlook and nervousness on Greece seemed to largely keep a lid on futures. Weekly export inspections for corn were 839,824 tonnes, according to the USDA, compared to 1.041 million tonnes last week. The 6 to 10 weather outlook is calling for below average rainfall and above average temps for much of the Midwest, though parts of Indiana and Ohio appear to have more rain in their forecast. Corn crop ratings, due out this afternoon, are expected to be 1-2% lower the 68% rating last week.