Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 3/24/2017
LIVESTOCK SECTORS BENEFIT FROM STABLE CORN PRICES

So far this quarter, the corn market has been reflecting the effects of last fall’s huge harvest matched up with good overseas buying interest and accelerating usage from the US corn ethanol industry. The 15.1 billion bushel corn harvest of 2016, an 11.3% increase from the prior year kept corn prices on the defensive during the last half of last year. Using Omaha corn prices as a proxy for Western Corn Belt corn values, price bottomed out last August at an average monthly price of $2.98 per bushel.


more...
U.S. CHICKEN INDUSTRY UPDATE

The confirmed detection of Highly Pathogenic Avian Influenza (HPAI) in a Tennessee meat-type (broiler) chicken breeder flock on March 4 prompted immediate efforts to depopulate that flock and limit transportation of poultry in and out of the area. The location of the outbreak, Lincoln County, Tennessee, adjoins Alabama, which has also raised its precautionary efforts to prevent a significant disease outbreak. Since the initial HPAI outbreak, there have been five other detections of HPAI in the Alabama-Tennessee area, of which one was a backyard flock and one was at a flea market.


more...
U.S. BEEF SECTOR NET TRADE VALUE IMPROVED

After a very difficult 2015, on a dollar basis the U.S. beef industry returned to being a net exporter in 2016. Here we summarize trade across the industry which includes more than just beef, those non-meat items include: variety meats; tallows and greases; hides; and live animals.   


more...