Red meat & poultry production projected up 3 BILLION pounds in 2016

Turkey production in 2016 is projected at 6.01 billion pounds, up 442 million pounds from 2015.  Total poultry production in 2016 is projected at 47.65 billion pounds, up 1.551 billion pounds from 2015. Total red meat and poultry production in 2016 is projected at 97.514 billion pounds, up 3.108 billion pounds from 2015.  More...

Record world meat production projected in 2015

The world is projected to produce a record 257.208 million metric tons of meat (beef, pork & chicken) in 2015.  Pork & chicken are both projected to set new world production records in 2015.   More...

Cattle futures fall to 15-month low

Cash prices in Plains fell to near $143/hundredweight, about $2 below the previous low from late July, while October futures fell to $140/hundredweight, a new 15-month low for a nearby contract, says Marty Foreman, Doane senior economist.  More...

Cows represent 15-20% of total revenue in a cow-calf operation

Slaughter cow prices have also started their seasonal decline. Many producers market these cows when they wean calves in the fall which pressures prices lower. Though this may be the best option, producers should remember that market cows represent 15 to 20 percent of total revenue in a cow-calf operation and maximizing the value of those market cows can mean the difference in a profit or a loss in many years.   More...

Cost of beef production up 200%

I am not referring to the end product but rather to the weaned calf. The cost per pound weaned per exposed cow has jumped 200 percent since the turn of the century. That is not good news. Cost control is critical in every business. If costs are allowed to run out of control, the next step is liquidation.   More...

729 pound steers sell for $228.69

The Torrington, WY Livestock Commission Company held their annual Labor Day Special with nearly 7500 head on offer. Included in their long list of impressive sales of top quality fancy yearlings steers was near 375 head of fancy steers averaging 729 lbs sold with a weighted average price of 228.69; over 550 head of yearling steers weighing between 900-950 lbs averaging 941 lbs sold with a weighted average price of 197.10 and 244 head weighing 1062 lbs dropped the gavel at 188.60.  More...

Steer prices only projected down 50 cents in 2016

Steer prices are projected at $153.50/cwt in 2015 and $153.00/cwt. in 2016.    Hog prices are projected at $47.50/cwt. in 2016, down $3 from 2015.  More...

Hot weather drives down EU corn production 23%

Corn production for 2015/16 in the European Union (EU) is estimated at 58.0 million tons, down 4.3 million tons or 6.8 percent from last month and down 17.3 million tons or 23 percent from last year’s record. This is also down 7.0 million tons or 10.8 percent from the 5-year average. Yield is estimated at 6.16 tons per hectare, down 6.3 percent from last month and 21.9 percent from last year’s record.  More...

5-area dressed price for steers down $30 from last year

Through Thursday, the 5-area average price for slaughter steers sold on a live weight basis was $139.98/cwt, down $1.22 from last week's average and down $18.72 from a year ago. The 5 area average dressed price this week for steers was $220.09/cwt, down $2.03 for the week and down $29.74 compared to the same week last year.   More...

Beef, pork, chicken & corn production lowered from last month

Beef production in 2015 is projected at 23.549 billion pounds, down 210 million pounds from last month.  Pork production in 2015 is projected at 24.526 billion pounds, down 55 million pounds from last month.  Corn production is projected at 13.585 billion bushels, down 101 million pounds from last month.   More...