Cattle on Feed Report Sees Significant Drop
USDA NASS released Cattle on Feed Friday which showed a...
Workshop: Successful Cattle Breeding Season
Research has consistently shown that calves born earlier in...
Financial Record-keeping Course set for April
The next session of “Know Your Numbers, Know Your Options,”...
Custom Farm Rate Results Released for Iowa
Many Iowa farmers hire some custom machine work in their...
Cost Of Gain In Kansas Feedlots Reached New Highs in 2022
By Justin Waggoner, Extension Beef Cattle Specialist One of the...
Think Spring
I don’t know about you, but I am ready for Ol’ Man Winter to pack his bags and hit the...
China is Old News
By M.P. Cremer “That’s old news,” is a popular term often said in response to someone bringing up a topic...
Get A Test.
It seems like we have been under a "winter event" more often than not this winter. And yes, again this...
In like a LION!
The adage, "In like a lion, out like a lamb" has been a saying around for generations upon generations. And...
Bullish Reports
Recent reports have been quite bullish for the cattle market moving forward in 2023 and beyond. The recent Cattle on Feed Report indicates that placements on February 1, 2023 were 11.7 million head, down 4 percent compared to a year ago. The marketing of fed cattle was 1.85 million head which is 4 percent above a year ago. These numbers are encouraging for our calf market next fall. The United States Meat Export Federation presented its final 2022 numbers earlier this month, and meat exports set a new record in 2022. This report indicates that beef exports were at 1.47 million metric tons, up 2 percent from 2021. The value was $11.68 billion up 10% over 2021. If we can have similar export numbers or possibly have an increase in 2023 that too would be very encouraging for our calf market for next Fall. At the end of January, the Cattle Inventory Report was quite bullish as well. Total cattle inventory is down 3 percent compared to 2022 with cow inventory down 4 percent. The report also shows replacement heifer numbers are down 6 percent compared to a year ago. If our current inventory is down and we have 6 percent more replacement heifers in the feed yard, our calf numbers over the next few years will be lower and that is very exciting for the cow-calf producer not just in 2023, but more so in 2024 and 2025. Yes, these reports are very bullish for the cattle market moving forward over the next few years. It is going to take time to rebuild the cowherd in the United States. Yes, much of our region is receiving moisture and California is experiencing flooding but portions of the South especially Texas have had above-normal temperatures and average moisture or below. I do not believe that our beef production will increase for a few years down the road, and we should...
Eyes on SB 185
Many of you are aware of Senate Bill 185. This is a bill proposed by Governor Noem to restrict the...