Markets - General
Dairy replacement heifers and beef-cross calves are fetching record-breaking prices this spring, with Holstein springers hitting $4,200 and beef-cross calves surpassing $1,600.
It’s history in the making in U.S. dairy animal trade right now, as springer values stay knocking on the door of $4,000 per head.
Last week, the U.S. dollar had the worst week-to-week performance since 1995 and that, combined with global dairy price premiums, should spark some export interest and support domestic prices.
USDA’s latest Cattle Inventory report showed U.S. beef cattle numbers fell to the lowest level in 64 years to start the year. Tight supplies and strong demand could push cattle prices to even higher highs in 2025, but uncertainty is infusing more risk and volatility into the markets.
Ag economists’ view on the ag economy is starting to erode, but when asked to rank commodities, economists are the most bullish on beef. The September Ag Economists’ Monthly Monitor also asked economists what could impact livestock prices over the next 6 months.
The August Ag Economists’ Monthly Monitor asked economists when they think cattle herd expansion will start to take place. The majority think cattle contraction will continue for at least another year.
The July Ag Economists’ Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.
The Ag Economists’ Monthly Monitor is a new survey of nearly 50 economists. Most ag economists agree the next 12 months could produce more financial pressure for agriculture, but their views vary depending on commodity.
After years of liquidation, the U.S. cattle herd continues to contract. With drought still a driving force behind lower cattle numbers, market experts think cattle price could top previous price records set back in 2014.
Nearly two years after COVID-19 invaded our world, we are still living with its disruptions, but we should not overlook the more traditional factors also at play.
Farmers across the country are being asked to dump their milk, as food service demand crumbled rapidly due to COVID-19. Still, farmers are frustrated that consumers can’t buy as much milk as they want right now.
2020 Democrats try to make inroads in rural America 2020 Democrats try to mak
Imports will be slow at first, based on the need to implement and test new protocols.