U. S. Cattle Herd Smallest In Seven Years

The U. S. feedlot cattle supply is the smallest in seven years, the U. S. Agriculture Department reported March 19, confirming trade forecasts. Contraction of the U. S. cattle herd has helped lift cattle prices to their highest level since late 2008. The cattle supply has decreased because producers have lost money for nearly two

U. S. Senate Passes Bill To Extend Biodiesel Credit

The U. S. Senate approved a bill March 10 that includes revival of the $1-a-gallon biodiesel tax credit for this year, which the renewable fuels industry has said is needed to increase output. The overall bill, approved 62 to 36, is a $149-billion package of jobless aid and tax breaks Democrats hope will help spur


U. S. Crops, China Becomes Top Soy User

U. S. farmers will grow the second-largest corn and soybean crops on record this year – 13.134 billion bushels of corn and 3.213 billion bushels of soybeans, just below the records set in 2009, said a University of Missouri think-tank March 9. The Food and Agricultural Policy Research Institute also said U. S. wheat production

Profitable Futures Slow U. S. Hog Herd Liquidation

U. S. hog producers who have reduced their herds after a couple of rough years may be slowing that process as Chicago futures prices suggest this could be a profitable year for hogs. The latest U. S. Agriculture Department data shows that sow slaughter has slowed and is now less than a year ago, a


U. S. Hog Sector Cuts Losses, But Recovery Far Off

U. S. hog prices have bounded higher in recent months, an unusual development for this time of year, narrowing losses for cash-strapped producers. But it will be several more months before the U. S. hog sector, which has lost money for nearly two years, sees regular profits and even longer before it fully recovers. Stronger

In Brief… – for Sep. 24, 2009

Food aid budgets crash: Food aid is at a 20-year low despite the number of critically hungry people soaring this year to its highest level ever. Josette Sheeran, UN World Food Programme’s (WFP) executive director said the number of hungry people passed one billion this year for the first time, adding the UN has barely


U. S. Meat, Dairy Prices To Rise In 2010

U. S. hog and dairy prices are forecast to rise in 2010 from their current money-losing levels, but the outlook depends in part on an overall economic recovery, a University of Missouri think-tank said Aug. 18. In a mid-year update, the Food and Agricultural Policy Research Institute lowered its forecasts for farm gate prices for

U. S. Hog Producers Can Expect More Pain

U. S. hog producers, on average, have been losing money since October 2007, and with losses of $40 per hog likely in the fourth quarter this year pressure will increase on producers to quit or downsize, economists said. “The string of losses have been long enough that by fall we should see some bankruptcies,” said


U. S. Hog Industry Struggling

Summer is usually a profitable time for America’s hog producers but this year swine flu, recession and high feed prices have even the largest farmers operating deep in the red and some smaller ones on the brink of bankruptcy. Before things get better, the weakest are expected to fail and even those who survive will