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: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
