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U.S. Hog Data Shows Producers Not Expanding

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The latest U.S. Agriculture Department data shows the smallest Dec. 1 U.S. hog herd in four years, indicating that U.S. hog producers pocketed profits from this year’s high hog prices rather than investing them in herd expansion. Worries about high feed grain prices likely thwarted expansion, analysts said. Corn prices are above $6 per bushel,
Opinion

Where Their Food Comes From

There are two complaints which have been heard hundreds of times from farm meeting platforms or in coffee shop conversations. “Consumers don’t know where their food comes from anymore – they just think it comes from the supermarket.” Then there’s “Farming is not the traditional mom-and-pop operation anymore – it’s a business.” Those are statements
Crops

U.S. Reports Record Net Farm Income

The U.S. farm sector is enjoying a broad-based boom, thanks to surging prices and vociferous demand from China, Agriculture Secretary Tom Vilsack said Dec. 1. U.S. net cash farm income will rise 34 per cent to a record $92.5 billion this year, one of the the rosiest years for American agriculture in four decades. “The
Livestock

Feedlot Placements Surprise Analysts

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Dry pastures, profitable cattle prices and herd liquidation likely caused producers to put more cattle in feedlots in October than a year earlier, analysts said Nov. 19. The U.S. Agriculture Department’s monthly feedlot cattle report showed the addition of 2.504 million new cattle to feedlots last month, up 1.3 per cent year on year. Analysts
Hogs, Livestock

U.S. Pork Supplies Swell As High Prices Slow Sales

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U.S. pork supplies rose 13 per cent in October and posted the largest percentage increase from September in nine years as record-high prices slowed retail sales and increased pork production forced more pork into storage. The increase reported by the U.S. Agriculture Department on Nov. 22 was far more than some analysts had anticipated. “I
News

Restraining Order Sought

The U.S. Agriculture Department is seeking a temporary restraining order that could halt operations at Eastern Livestock Co. LLC of New Albany, Indiana, a business under investigation over allegations that it failed to pay up to $130 million in bills, the USDA said Nov. 12. The investigation by the USDA’s Grain Inspection, Packers and Stockyards
News

Fears Over U.S. Farmland “Bubble” Seen As Unfounded

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Fears that rising farmland values may be building toward a bubble are overblown, according to a leading U.S. farmland investor. The fundamental factors driving rising farmland values are long term and are coupled with low debt levels in the sector, indicators not commonly associated with asset class “bubbles,” said Hancock Agricultural Investment Group (HAIG) president
Beef cattle, Hogs, News

GIPSA Rules Could Shrink U.S. Meat Industry

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The U.S. livestock and meat industry could face more than $1 billion in annual losses, and a drop in production if proposed rules for the industry are implemented, according to a study funded by big livestock producers released Nov. 10. Earlier this year, the Agriculture Department’s Grain Inspection, Packers and Stockyards Administrat ion proposed rules
Crops

Record-High Cotton Prices Lend Underlying Support To Soybeans

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Co t t o n prices reached $1.4052 per pound Nov. 4, which is the highest price since this fibre began trading 140 years ago. Pr i c e s have doubled in the past 12 months amid a supply shortage and increasing demand, especially in emerging markets in Asia. USDA estimates 2010-11 world ending
News

U.S. Election Means A Pinch On Farm Funds

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U.S. lawmakers will face increasing pressure to constrain spending on farm subsidy programs, possibly as part of government-wide austerity, in the wake of large Republican gains in the midterm elections. At its most extreme, the budget cutting could push millions of acres back into production by slashing long-term reserves that idle 10 per cent of

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