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Cattle supply decline expected to continue in '10
Cattle supplies in 2010 should decline another one to 1.5 percent in 2010, Randy Blach, Chief Executive Officer for Cattle-Fax, told attendees of the 2010 Cattle Industry Convention in San Antonio, Texas, recently. At the same time, beef demand will continue to be impacted by a weak economy and high unemployment.
Nevertheless, 2010 overall “should be a better year for the beef industry,” said Blach, with beef exports expected to rise and fed cattle slaughter totals expected to decrease. “Demand remains the biggest challenge for the beef industry in 2010,” said Blach. “Though the supply situation is very bullish, demand must stabilize in order for prices to turn significantly higher.”
Fed cattle slaughter totals are expected to be down two percent in 2010, and cow slaughter totals should decline by nearly nine percent. Average carcass weights are forecast to increase slightly and beef production is projected to be down 2.8 percent. Per capita net beef supplies are expected to be down four percent due to an expected increase in beef exports and smaller beef production.
In 2010 U.S. beef exports are forecast to increase to South Korea, and to a lesser extent Japan and Vietnam. U.S. beef exports in 2010 are expected to rise by about eight percent over 2009.
In terms of feedgrains, total U.S. corn production could decrease, as U.S. corn supplies are record large at an estimated 14.83 billion bushels for the 2009/10 marketing year. U.S. soybean supplies are up over 10 percent compared to last year—the second highest level on record—while soybean acreage is expected to be near 79 million acres.
Spot corn futures prices are forecast to average near $3.75/bu in 2010, near steady with 2009, and the combination of bumper corn and soybean crops, as well as the sharp decline in winter wheat acreage, has lessened the need for an acreage battle this spring.
CattleFax is a Denver-based market analysis and information organization. For more information on the outlook for the cattle industry or for information about CattleFax services call 303-694-0323.
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2010 Ozark Fall Farmfest October 1, 2, 3
Farm Talk Newspaper and the Ozark Empire Fairgrounds are excited about Farmfest and invite everyone to come out and enjoy the show, which will be held Friday, Saturday and Sunday October 1, 2 and 3 in Springfield, Missouri.
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Saturated soils and extreme heat cause corn production problems
According to Kraig Roozeboom, K-State cropping systems specialist, with the weather and weather-related replantings, there are problems out there — and there’s not much that can be done about some of them.
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Research looks at planting options for strip-till corn
Strip-til is a newer method of farming introduced to make farming more economical and more conservation oriented.
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Finding success through hard work and determination
Growing up on a farm, livestock was nothing new to Hannah but once she got the chance to actually raise her own and start showing them, she was hooked.
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Nursery does more than add eye appeal to old quarry site in Ottawa
Loma Vista’s is a wholesale only operation whose customer base is primarily residential and commercial landscapers as well as other nurseries and garden centers.
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State Fair cow show aimed at Kansas commercial producers
In this show, open to all Kansas commercial cow/calf operators, producers exhibit pairs in pasture condition with no fitting allowed.
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Value-added processing providing alternatives for producers in ag
Diversification and using value-added processing allows small producers an opportunity to become profitable on a small amount of land with minimal costs to them.
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Health, lot size set feeder calf bidding pace
It may be too late to affect the type of spring calves you’ll sell this fall but there are still a number of things that can be done to maximize their value.
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Four State Farm Show offers more than high temperatures
Those that did make it out to the show were able to not only see what is new and different in agricultural equipment and technology, they were able to visit, first-hand, with the dealers and factory representatives.
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Wide array of agricultural equipment to be featured at the 2010 Four State Farm Show
The Four State Farm Show is gearing up for the 36th year in Pittsburg, Kansas on July 16, 17 and 18.
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2010 Ozark Fall Farmfest October 1, 2, 3
