Current Progressive Cattle digital edition
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Representatives of the Montana Stockgrowers Association (MSGA) have been in Big Sky, Montana this week, at the invitation of U.S. Sen. Max Baucus, D-Mont., working to expand trade opportunities for Montana and U.S. beef with the 21 Asia-Pacific member economies attending the 2011 Asia-Pacific Economic Cooperation (APEC) Trade Ministers meeting.

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May feeder cattle futures prices have dropped about $10/cwt since the beginning of April despite nearly a $1/bu drop in May corn futures prices during that time. The weakness in feeder cattle prices resulted from an almost $12/cwt drop in live cattle prices in the past six weeks. Thus, projected losses on current placements are in excess of $100/head. Placements in April, though, would have had somewhat better projected profit prospects. This Friday's Cattle on Feed report is expected to show April placements up around 6 percent compared to last year.

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ClearSpan Fabric Structures, a division of ESAPCO, is proud to announce a new strategic partnership with Vermont’s AgriLab Technologies, a company specializing in heat capture and transfer from aerobic composting.

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Preliminary estimates of Texas drought losses have reached $1.2 billion and are expected to escalate higher this year as livestock producers continue to sell off herds and crop conditions deteriorate, according to economists with the Texas AgriLife Extension Service.

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The USDA’s report of World Agricultural Supply and Demand Estimates (WASDE) released on May 11 refocused the market’s attention on world crop production and the implications for re-building U.S. and world stocks. The report reflects prospects for some modest increase in world feed grain stocks and prospects for maintaining world wheat and soybean stocks. However, substantial uncertainty remains.

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