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May feeder cattle futures prices have dropped about $10/cwt since the beginning of April despite nearly a $1/bu drop in May corn futures prices during that time. The weakness in feeder cattle prices resulted from an almost $12/cwt drop in live cattle prices in the past six weeks. Thus, projected losses on current placements are in excess of $100/head. Placements in April, though, would have had somewhat better projected profit prospects. This Friday's Cattle on Feed report is expected to show April placements up around 6 percent compared to last year.
ClearSpan Fabric Structures, a division of ESAPCO, is proud to announce a new strategic partnership with Vermont’s AgriLab Technologies, a company specializing in heat capture and transfer from aerobic composting.
Preliminary estimates of Texas drought losses have reached $1.2 billion and are expected to escalate higher this year as livestock producers continue to sell off herds and crop conditions deteriorate, according to economists with the Texas AgriLife Extension Service.
The USDA’s report of World Agricultural Supply and Demand Estimates (WASDE) released on May 11 refocused the market’s attention on world crop production and the implications for re-building U.S. and world stocks. The report reflects prospects for some modest increase in world feed grain stocks and prospects for maintaining world wheat and soybean stocks. However, substantial uncertainty remains.
Novus International, Inc. on Tuesday cut the ribbon commemorating the opening of its newly expanded Novus Arkansas facility in Little Rock, Arkansas.The Novus Arkansas site was developed in the Little Rock Riverport Industrial Park in 2006 to manufacture MHA feed supplement, a dry, granular powder that provides an effective and environmentally friendly source of methionine, an essential amino acid in premixes and farm feed mills. MHA provides benefits to laying hens and other livestock and companion animals.
Exports of U.S. beef and pork continued on a record-setting pace in March, with beef posting a 65 percent gain in value versus year-ago levels and pork showing an impressive 40 percent increase, according to statistics compiled by the U.S. Meat Export Federation (USMEF).
While recovery efforts continue in Japan following the devastating March 11 earthquake, the U.S. Meat Export Federation (USMEF) in Japan is finding an ongoing need for the relief activities funded by generous U.S. producers.
With much of the nation focused on a spring marked by historic floods and deadly tornadoes, Texas and parts of several surrounding states are suffering through a drought nearly as punishing as some of the world's driest deserts.
Tyson Foods said Monday that its second-quarter earnings were flat compared to last year, as higher feed costs offset improving demand and higher meat prices.
Wendy's/Arby's Group Inc. plans to raise menu prices, the latest in a stream of companies saying they will pass along higher costs for the ingredients in their products.
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