Record-high cattle, beef prices seen in 2013

Reuters / U.S. cattle and beef prices should set more record highs this year as the worst drought in half a century, which wilted pastures and drove up feed costs, forced producers to trim the nation’s herd to the smallest since 1952, according to industry marketing and analytics firm CattleFax. Prices for fed cattle could




The rains that come are never enough as U.S. drought persists

Recent rains have brought some relief to Texas, Oklahoma and Arkansas, but the U.S. Plains remains tightly gripped by severe drought. The worst-hit areas remain in sad shape, said Brian Fuchs, climatologist at the University of Nebraska-Lincoln. “We’re still looking at significant precipitation deficits,” Fuchs said. “We really haven’t seen anything that has changed the


Have U.S. corn farmers lost their edge?

For the first time on record, U.S. farmers have fallen out of the top two-yielding corn and soybean producers in the world after drought conditions dented production of both crops. The USDA says 2012-13 corn yields in Argentina and Canada will both top the 123.4 bushels an acre averaged in the U.S., while soybean growers






Talking turkey over energy

The pre-American Thanksgiving decision by the U.S. Environmental Protection Agency to deny the meat industry requests for a waiver on that country’s renewable fuel standard did little to calm the rhetoric between the livestock and ethanol sectors over who should have access to limited corn supplies this year. Shortly after the announcement, the National Turkey

U.S. pork stocks rise to a record high

reuters / Pork stored in U.S. warehouses in October rose to a record high for that month as hog herds were reduced due to high feed costs. Producers have hurried their animals to market at a record pace and, coupled with the normal seasonal buildup in hog slaughters, that could result in tighter supplies in