With USDA’s announcement of June numbers, the average margin for the May-June pay period is $7.995/cwt., meaning only those producers insured at the $8.00/cwt. level will see a small indemnity payment, and even that will be reduced by federal budget sequestration.
While the outlook for U.S. milk prices is bearish, quarterly average prices paid for replacement dairy cows maintained strength in July. And, estimated June 2015 cull cow prices averaged $113.00/cwt., down just $1.00/cwt. from May.
By Philip Seng, president and CEO U.S. Meat Export Federation
The U.S. red meat industry has achieved outstanding export growth in recent years, enhancing profitability for all members of the supply chain. In 2014, both beef exports ($7.13 billion) and pork exports ($6.67 billion) shattered previous records for export value. Beef exports have steadily increased in value in each of the 11 years since global markets began to reopen after the first U.S. case of BSE. For pork, export value has increased in 15 of the past 20 years.
Class III and Cheese extended its rally yesterday, gaining nearly 30¢ in the nearby August contract. While the tone was firm going into spot, futures rallied sharply after blocks and barrels posted strong gains.
It’s fair season, and that means youth will be competing at county fairs and animal shows around the state with their 4-H projects. Let’s review some sportsmanship guidelines so that all youth and adults have positive experiences at the fair.
Pre-harvest precautions help minimize risk of silage gas.Dr. Renato Schmidt recommends producers practice timely and adequate nitrogen fertilization as well as manure application, taking care to include the manure/ slurry contribution in nitrogen calculations.