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Markets

Grain markets trade mixed Monday

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.

Events and Contests

K-State Beef Conference coming to Salina

What is your mindset when you wake up in the morning? What about after you’ve had your required amount of coffee? This year’s K-State Beef Conference is an opportunity to learn from industry professionals and academia about adjusting your mindset. This may sound strange for the flagship program hosted by K-State Research and Extension. Instead of focusing on data sets and double-blind studies this year’s program is decidedly focused more between the ears than on the hoof.

Markets

In the Cattle Markets: Feed prices rising along with the water

It is a truism in the commodity markets that “rain makes grain.” This month, that old adage is bumping up against another equally-valid axiom that “too much of a good thing is a bad thing.” Persistent rains across the Midwest have had the combined effect of degrading the condition of the corn crop and also preventing the planting of the last of soybean crop. Both of these factors are supportive of prices across the entire grain/oilseed complex.

Markets

Hungry hogs, cattle gobble up grain during U.S. bird flu outbreak

Higher numbers of hogs, cattle and broiler chickens are gobbling up animal feed, eating into supplies that were expected to grow due to the loss of 48 million chickens and turkeys in the worst-ever outbreak of bird flu in U.S. history.

Markets

Boxed Beef Report: Beef prices fall after holiday

Choice boxed beef prices dropped over the weekend, falling from $250.27 on Friday to $247.96 on Monday. The $2.31 drop resulted in the 27-day average price settling at $251.16. Select boxed beef prices saw a steeper fall of $3.16 to hit $245.26. The 27-day average now sits at $244.71.

Choice primal rib saw no movement over the weekend, staying at $350.19 on Monday. Chioce primal loin and choice primal chuck both saw large falls of $5.12 and $2.18, respectively. Chioce primal brisket was the only cut that saw an increase of $2.96 to hit $173.03.

Cow/Calf Producer

What’s new with BQA and DACQA

Beef Quality Assurance (BQA) and Dairy Animal Care and Quality Assurance (DACQA) focus on best management practices that look at the day to day husbandry practices used in caring for cattle that provide beef for family’s tables across the United States and abroad. The National BQA program continually works with all sectors of the beef and dairy industries to improve the content, credibility, and the uniformity of standards for raising food animals to assure the quality of beef products.

News

India's push to save its cows starves Bangladesh of beef

Some 30,000 Indian soldiers guarding the border with Bangladesh have a new mandate under Prime Minister Narendra Modi's government this year - stop cattle from crossing illegally into the Muslim-majority neighbor.

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