Just as the cattle industry is recovering from the recent winter storms in the Southern Plains and cold weather in the Northern Plains, R-CALF is calling for another COOL front in the form of a new proposal for country-of-origin-labeling (COOL). According to R-CALF, the volume of imported beef, cattle, beef variety meat, and processed beef hit an all-time high of almost 2 MMT in 2020 equivalent of beef. As the chart below shows, beef imports started out on normal seasonal patterns similar to 2019, but after the drop in production in April and May due to COVID, imports of beef increased starting in June and peaking in July, dropping back down to normal by October.
R-CALF drafted this legislation back in May – at t...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
