Source: USDA
The semiannual Cattle report confirms historically tight supplies of cattle heading into 2024. Fewer calves are available than last year for placement in feedlots, although more than previously expected. As a result, anticipated fed cattle marketings have been...
Source: National Corn Growers Association
USDA released the Grains and Oilseeds Outlook this week providing an initial look at the 2024/25 marketing year projections that include lower production, greater domestic use, increased exports, and higher ending stocks as compared to...
Source: Agriculture and Agri-Food Canada news release
Agriculture and Agri-Food Canada has completed its farm income forecast for 2023 and 2024, with results showing that overall Canadian farm income is expected to have reached a new record in 2023.
The agriculture...
Source: Beef Farmers of Ontario
Prices are reported on a "per one hundred pound" basis, unless otherwise stated.
ONTARIO AUCTION SALES WEIGHTED AVERAGE PRICES
Ontario auction sales on Wednesday saw weighted average prices for:
Livestock
Range
Avg
Top Price
Large & medium frame fed heifers
217.09-243.94
228.49
253.00
Cows
108.47-154.28
127.15
198.99
Bulls under 1600...
Source: USDA
Farm Sector Profits Forecast To Fall in 2024
Net farm income, a broad measure of profits, is forecast at $116.1 billion in calendar year 2024, a decrease of $39.8 billion (25.5 percent) relative to 2023 in nominal (not adjusted...
Source: USDA news release
USDA's Economic Research Service (ERS) forecasts that U.S. net cash farm income (NCFI), defined as gross cash income minus cash expenses, will decrease by $42.2 billion (25.8 percent) to $121.7 billion in 2024 in inflation-adjusted dollars....
Source: National Cattlemen's Beef Association
The popular CattleFax Outlook Seminar, held as part of the 2024 Cattle Industry Convention and NCBA Trade Show in Orlando, Florida, shared expert market and weather analysis today.
The smallest beef cow inventory in the last...
Cattle futures rallied sharply over the second half of January while the corn market traded steady. USDA’s NASS released the biannual Cattle Report which was largely in line with industry expectations. All cattle and calves as of January 1...
Source: USDA news release
Small family farms were more likely to have greater financial vulnerability than other farms, according to data from the 2022 Agricultural Resource Management Survey (ARMS). Researchers with USDA, Economic Research Service (ERS) calculated the operating profit...
Cattle placements in U.S. feedlots have experienced a second consecutive monthly decline. According to the USDA, 1.704 million head of cattle were introduced to feedlots in December 2023, reflecting a 4% decrease compared to December 2022. This decrease suggests...
