Last week’s acreage reports showed corn acres up, and this week, Brazil’s CONAB is showing a slight increase in the safrinha corn crop, all offering some welcome positive news for feed. However, a not-to-be overlooked item for cattle in last week’s U.S. acreage reports was the hay acreage. Overall, forecast harvested hay acres are up 1.5 percent versus last year; alfalfa hay is projected to be up 1.4 percent. Below is a look at the hay forecasts in some of the key cow-calf states.
But the missing puzzle pieces are yields, number of cuttings, and the forage quality of the hay. On the one hand, forecast harvested acreage is generally up across the southeastern cow-calf region. Pasture conditions are spo...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
