Markets Articles
Getting Closer to Record High Cattle Prices
Published February 2, 2022
On Monday afternoon, the USDA released its semi-annual cattle inventory report. Ag Resource Company market analyst Nathan Lousy says inventories were tighter than expected. "We figured based on the drought in the Northern Plains and the large beef cow slaughter…The Bull Pen
Published February 2, 2022
Political tensions worldwide bring a level of unpredictability to the markets. Advance Trading Risk Management Advisor Tommy Grisafi is always monitoring these outside influences. "Folks in the know say nothing will happen during the Olympics, but after that keep an…Trade Activity Remains Light in Dry Bean Market
Published February 2, 2022
USDA Market News reports steady prices for black, pinto and Navy beans. In Minnesota and North Dakota, the grower bid price for black beans is $45-to-$46 per hundredweight. Pintos are at $42-to-$45 per hundredweight and navies are at $42.‘A Difficult Stage in the Relationship’
Published February 2, 2022
Speaking at a Washington International Trade Association virtual forum, Deputy U.S. Trade Representative Sarah Bianchi said the United States is trying to cultivate a stable rapport with China, but the two countries are in a “difficult stage in the relationship.”…Soybean Markets Stronger on South American Production Concerns
Published February 1, 2022
South American soybean production is at risk this year, due to the drier than usual conditions. "A couple of prominent research teams lowered their South American soybean estimates this week. That means more buyers will come to the United States…Drought Cuts into the Size of the Beef Herd
Published February 1, 2022
According to USDA’s cattle inventory report, the number of beef cows nationwide totals more than 30 million head. That’s the fewest beef cows since 2015. The decline of nearly 719,000 head is the largest year to year decline since 1996…MN Beef Update
Published January 31, 2022
Blackduck, Minnesota resident Rose Marie Gustafson is part of the Minnesota Beef's Top of the Class program. Hear more about the program in the latest Minnesota Beef Update.House Panel Seeks Information on Rising Prices
Published January 31, 2022
Representative Raja Krishnamoorthi, who chairs the House subcommittee on economic and consumer policy, sent a letter to major U.S. meat processing companies asking for information about price increase son beef, pork, and chicken products. The companies included Tyson Foods, JBS…Concentration Not Affecting Pork Prices, Says NPPC
Published January 31, 2022
Pork prices are rising, but not from concentration in the meat packing industry. According to a report from the National Pork Producers Council, pork prices are increasing due to strong demand, high input costs and labor shortages. Concentration levels today…