South Korea offers loans to squeezed farmers

seoul / reuters / South Korea will offer $156 million in soft loans this year to farmers squeezed by record prices of feed grain and a weak domestic market for pork, the Agriculture Ministry said on Feb. 28. Livestock farmers in South Korea, the world’s third-largest importer of corn and a leading buyer of soybean







U.S. cattle herd declines but northern states see increases

The U.S. Department of Agriculture’s National Agricultural Statistics Service released the much-anticipated “Cattle” report on Feb 1. The semi-annual inventory report confirmed what many cattle market observers had expected: The record-setting drought in the southern Plains in 2011 that expanded into much of the country, including the Corn Belt in 2012, caused lower cattle numbers.



North/south split in U.S. cattle trends

The U.S. Department of Agriculture’s National Agricultural Statistics Service released the much-anticipated “Cattle” report on Feb. 1. The semi-annual inventory report confirmed what many cattle market observers had expected: The record-setting drought in the southern Plains in 2011 that expanded into much of the country, including the Corn Belt in 2012, caused lower cattle numbers.