Cattle prices saw a drop across the board. Live cattle took the worst hit, dropping $2.45 to land at $155.35 on Monday. This drop brought the 27-day average to $159.84. Feeder cattle saw a drop from $213 on Friday to $211.83 on Monday, for a decline of $1.17. The 27-day average price for feeder cattle came to $215.88.
Water has been near the top of the headlines lately, and will continue to generate debate as the drought in California and much of the West reaches unprecedented proportions. And as water sources turn dry and municipalities claim a larger share of the resource, agriculture will need to adjust.
In 1900, 41% of the US workforce was involved in agriculture. In 2014, less than 2% of Americans are farmers or ranchers. In the last 100 years, consumers migrated to urban areas, increasing their social and physical distance from farming communities. As a result, the average consumer knows less than ever about agricultural practices.
Eco-activists love to squawk that it’s people who ‘ruin the land.’ But one of the largest expanses of undeveloped land around needs more people — and a lot fewer animals — if it’s to survive.
Ask the proverbial “person in the street” to name the largest “wild,” undeveloped stretch of land on Earth, and most people would probably choose one of several well-known areas: Siberia, the Amazon rainforest, or maybe the Sahara Desert.
All of those places are indeed sizable, and in many areas, far from civilized.
Planting talk seemed to undercut corn futures Monday. Surging equity markets, news of Chinese economic stimulus and the USDA Export Inspections result all appeared supportive of corn futures. However, prices declined rather significantly modestly Monday, which seemingly reflected a reaction to ideas that plantings surged in the southern Corn Belt last week. May corn futures closed down 1.75 cents at $3.78/bushel Monday, while December sagged 2.0 to $4.0125.