The U.S. retail gas prices saw a slight average increase of one cent this week to hit $2.25. The largest increase was in the Midwest, where retail gas prices jumped three cents to hit $2.33. The Gulf Coast saw a one-cent increase and the lowest retail gasoline prices in the country at $2.04.
West Coast prices fell the most with a seven cent drop to $2.56. The Rocky Mountain region was close behind with a six-cent decrease to $2.48. The highest retail gas prices in the country are in the West Coast region.
Yields become the talk at harvest, but net return determines who farms in 20 years. This article therefore examines the U.S. Department of Agriculture (USDA), Economic Research Service (ERS) data set on cost and return to production of U.S. corn and soybeans.
Live cattle prices increased three dollars on Tuesday to hit $125.13, bringing the 27-day average price to $135.54. Feeder cattle prices jumped from $178.13 on Monday to $182.53 on Tuesday. The $4.40 increase brought the 27-day average price to $193.01.
Lean hog prices increased 60 cents to $73.60, bringing the 27-day average to $70.40.
Corn jumped four cents to $3.98. Wheat did better, increasing 10 cents to $5.26.
Choice boxed beef prices saw a jump from $204.43 on Monday to $205.36 on Tuesday. The 93-cent increase brought the 27-day average price to $226.78. Select boxed beef rose 61 cents to $199.82, bringing the 27-day average price to $219.51.
Choice primal loin saw a large decrease of $6.37, follwed by choice primal brisket with a smaller drop of $1.92. Choice primal roud saw the largest increase of $4.09.
Reducing stress on cattle through sound stockmanship practices brings multiple benefits in performance, immunity and production efficiency, and the Creating Connections program from Merck Animal Health aims to help producers learn and implement those techniques.
This week the 5-Area Accumulated Average Cattle Price saw a huge fall this week to hit $118.54
Our panel of cattle industry experts who make up the Monday Market Sentiment shot very high with an average guess of $128.84 per hundredweight. This week, the panel projects the 5-Area price to increase to $118.68
Seven ranches across the nation were recently honored as outstanding stewards of the land in the annual Environmental Stewardship Awards Program (ESAP). In the next week, we will feature one of these ranches each day.