Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 10/22/2014
PASTURE AND RANGE CONDITIONS: YEAR IN REVIEW

This year the majority of the U.S. has welcomed much improved pasture and range conditions. Conditions are measured by the percentage of a state’s total pasture and rangeland rated as very poor, poor, fair, good, or excellent. These values are reported weekly by USDA-NASS in the Crop Progress Report, and tracked by LMIC. The total of very poor and poor percentages are the measurements monitored and compared on a year-to-year basis.


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CHEESE AND BUTTER PRICE UPDATE

Last year $2.00 per pound for any dairy product price was considered very high. This year, the run up in those product prices has been striking. Block and barrel cheese prices have been above $2.00 per pound for 40 and 41 consecutive weeks, respectively. Butter prices have been over $2.00 per pound for 22 weeks, and in recent weeks have reached over $3.00 per pound.


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PORK TRADE TONNAGE PROVIDES INSIGHTS

Recent U.S. pork trade tonnage data provide useful perspective for the hog sector as well as other meats due to the interconnected relationship between the meat industries. Many factors shape trade flows including: economic forces, like the influence of exchange rates on prices; animal disease; and politics. Exports are dynamic, the forces behind trends can change and adjustments may happen rather quickly.


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