September Cold Storage Report shows Red Meat Supplies up 20%
Cold Storage
September Cold Storage Report shows Red Meat Supplies up 20%

Compared to a year ago, total pounds of beef in freezers is up 24 percent from last year.

Thu September 22 2022

Big U.S. Banks' Prime Rate soars to highest since 2008 Financial Crisis
Interest Rates
Big U.S. Banks' Prime Rate soars to highest since 2008 Financial Crisis

JP Morgan Chase & Co, Citigroup Inc and Wells Fargo & Co said on Wednesday the new rates would take effect on Thursday.

Thu September 22 2022

Current National Drought Conditions for Week Ending 9/20/22
DROUGHT
Current National Drought Conditions for Week Ending 9/20/22

As of September 20, 2022, 41.02% of the U.S. and 48.91% of the lower 48 states are in drought.

Thu September 22 2022

Fed Predicts Slowdown in Economy and Rising Unemployment
Economy
Fed Predicts Slowdown in Economy and Rising Unemployment

U.S. unemployment rate seen rising to 4.4% from current 3.7%.

Wed September 21 2022

NCBA Extremely Disappointed with White House Biotechnology Executive Order
NCBA
NCBA Extremely Disappointed with White House Biotechnology Executive Order

This Executive Order addresses fake meat production under the guise of food security.

Wed September 21 2022

Beyond Meat suspends Chief Operating Officer Doug Ramsey following Arrest
Beyond Meat
Beyond Meat suspends Chief Operating Officer Doug Ramsey following Arrest

Ramsey was arrested on charges related to what police say was a road rage-inspired physical altercation.

Wed September 21 2022

September Cattle on Feed Report Estimates
Cattle on Feed
September Cattle on Feed Report Estimates

Of the nine analysts polled, five think that placements were the same or higher than a year ago.

Tue September 20 2022

Pasture & Range Conditions as of 9/18/22
Pasture & Range Conditions
Pasture & Range Conditions as of 9/18/22

72% of Pasture & Range Conditions rated 'Fair to Very Poor' compared to 71% Last Week.

Mon September 19 2022

Federal Meteorologists Predict another La Niña this Winter
La Niña
Federal Meteorologists Predict another La Niña this Winter

La Niña conditions likely means less rain and drier conditions this fall for most of the U.S.

Mon September 19 2022

Livestock, Dairy, and Poultry Outlook
Beef Prices
Livestock, Dairy, and Poultry Outlook

Less Beef to Offset Increases in Other Meats in 2023

Mon September 19 2022

Weekly Market Overview for Week Ending 9/16/22
Cattle/Beef Prices
Weekly Market Overview for Week Ending 9/16/22

For the week, slaughter cattle were 1.00 higher with feeder cattle and stocker calves 1.50 to 2.00 lower.  Live Cattle & Feeder Cattle Futures and corn were lower.

Sat September 17 2022

Argentina Corn Planting Stalled as 'Great Drought' Fears Rise
DROUGHT
Argentina Corn Planting Stalled as 'Great Drought' Fears Rise

In Argentina, late September usually heralds the start of a wetter spring season, but an expected third straight La Nina weather pattern is expected to limit precipitation.

Fri September 16 2022

9/16/22 - Cattle Bullish/Bearish Sentiment: Continued Bearishness
Bullish/Bearish Consensus
9/16/22 - Cattle Bullish/Bearish Sentiment: Continued Bearishness

The theory behind the "Bullish/Bearish Consensus" indicator is when the public reaches a consensus, they are usually wrong:

Fri September 16 2022

Cutout to Retail Price Spreads for Beef & Pork
Beef
Cutout to Retail Price Spreads for Beef & Pork

The live to cutout beef price spread (on a $ per 1000 lbs. basis) was $404 in August which is down about $65 from a month earlier but well below last year’s $967.

Thu September 15 2022

Agriculture’s Share of Total U.S. Export value climbed to a New High in 2021
Agricultural Exports
Agriculture’s Share of Total U.S. Export value climbed to a New High in 2021

In 2021, total U.S. exports rebounded by 14 percent as global demand recovered and trade restrictions were relaxed.

Thu September 15 2022

U.S. Railroad Strike Averted by Late-Night Deal
Railroads
U.S. Railroad Strike Averted by Late-Night Deal

A rail shutdown could have frozen almost 30% of U.S. cargo shipments by weight, stoked inflation, cost the U.S. economy as much as $2 billion per day.

Thu September 15 2022

Current National Drought Conditions for Week Ending 9/13/22
DROUGHT
Current National Drought Conditions for Week Ending 9/13/22

As of September 13, 2022, 37.91% of the U.S. and 45.18% of the lower 48 states are in drought.

Thu September 15 2022

Lawsuits Allege Beyond Meat ‘Misleads Consumers’ About Nutrition Facts
FAKE MEAT
Lawsuits Allege Beyond Meat ‘Misleads Consumers’ About Nutrition Facts

Two legal complaints allege Beyond Meat products offer less protein than advertised.

Wed September 14 2022

U.S. Railways to Halt Grain Shipments ahead of Potential Shutdown
Railroads
U.S. Railways to Halt Grain Shipments ahead of Potential Shutdown

Any slowdown or stoppage of rail service – especially on the eve of harvest – would significantly impact farmers' ability to meet customer demand – both domestically and internationally.

Wed September 14 2022

Pasture & Range Conditions as of 9/11/22
Pasture & Range Conditions
Pasture & Range Conditions as of 9/11/22

71% of Pasture & Range Conditions rated 'Fair to Very Poor' compared to 72% Last Week.

Tue September 13 2022

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