The beef sector received some anticipated data on Friday with the release of the Cattle On Feed report and the recently reinstated biannual inventory report, which both show some downward trends for the market.
Dr. Derrell Peel with the Oklahoma State University joined RFD-TV’s Suzanne Alexander to talk about the data highlights, what is contributing to the numbers, and the impact of New World Screwworm.
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U.S. dairy producers remain the primary growth engine globally, while tightening supplies in Europe and New Zealand could support export demand for American dairy products.
Rising production underscores the importance of marketing discipline and margin protection as milk supplies expand.
Jake Charleston of Specialty Risk Insurance shares risk-reduction strategies to help cattle producers prepare for a successful year ahead.
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The report shows that, despite production challenges, dairy farmers are producing more milk with fewer resources per gallon across the industry.