Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 7/28/2014
Trends . . . MID-SUMMER PASTURE AND RANGE CONDITIONS

The summer pasture and grazing season is half over. USDA-NASS weekly crop progress reports pasture and range conditions for approximately 26 weeks starting in May and ending late October. The latest data reported July 27th is 13 weeks from the first report. The largest contrast between this year and last year has been the year-over-year improvement in U.S. range and pasture condition. The five year average, which now includes Southern Plains drought in 2012 and the Midwest drought in 2013, shows pasture conditions deteriorated quickly from the first of July through October.


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2014 COW-CALF RETURNS SURG…START PLANNING NOW

Since the early 1970’s the Livestock Marketing Information Center (LMIC) has estimated cow-calf returns over cash costs plus pasture rent based on typical production and marketing practices in the Southern Plains but does not include other economic costs like family labor and management. The estimates incorporate data and information provided by several USDA agencies. LMIC’s estimates are developed for market analysis purposes, actual cow-calf returns will vary considerably, even between neighbors.


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CATTLE INVENTORY TRENDS

Nationally, all signs point to this summer being the transition point to U.S. beef cowherd stabilization and pouring the foundation for growth in cattle numbers. However, the recently released (Friday July 26th) USDA-NASS survey-based national data were not clear-cut.


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