National Beef Month reveals record-low cattle inventory, which is driving high prices. Analysts expect no relief until next year.
The Virginia Farm Bureau gives us a look at how farmers are facing both challenges and opportunities as consumer demand remains strong despite increased costs.
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Ted Ogle of Superior Livestock says limited supplies still underpin the market despite a slight retreat in cattle prices, but expects volatility to persist into the fall.
The USDA’s September Cattle-on-Feed report shows inventories remain above year-ago levels, while both placements and marketings fell to record lows for the month.
Santa Teresa livestock port reopens September 24, restoring another cattle trade route from Mexico while maintaining new safeguards against New World screwworm.
Analysts expect USDA’s September Cattle on Feed report to show fewer August placements and marketings than a year ago, even as the total feedlot inventory remains higher.
New Mexico becomes the 31st state with an approved State MPI program.
A community survey found strong demand for fresh produce, meat and locally sourced products.
