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Minnesota Livestock Economics

Domestic and World Perspective Rob Holcomb, ABM University of Minnesota Extension. Minnesota Livestock Economics. Current Events . Big news last week was the Russian ban on meat imports out of the U.S., E.U., Canada and Australia. What has the U.S. been exporting to Russia?

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Minnesota Livestock Economics

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  1. Domestic and World Perspective Rob Holcomb, ABM University of Minnesota Extension Minnesota Livestock Economics

  2. Current Events • Big news last week was the Russian ban on meat imports out of the U.S., E.U., Canada and Australia. • What has the U.S. been exporting to Russia? • Who is a major supplier to Russia? • Back Door sales?????

  3. October Live Cattle

  4. October Feeder Cattle

  5. Cattle Cont. • July 25th USDA Cattle on Feed Report was DOWN 2% • Fundamentals are supportive • Margin Management Critical

  6. October Hogs

  7. Hogs Cont. • Growing supplies seen ahead – even though numbers into October are expected slightly less from effects of PEDv • Seasonal trend lower • Fundamentals weak • Lower feed costs help with margins

  8. December Milk

  9. Milk Cont. • Slightly lower production combined with firm domestic commercial use and exports act to keep milk and dairy prices high this year. (USDA) • Cow numbers are forecast to rise in 2015, based on improved producer returns, leading to higher production. (USDA) • High milk production will likely lead to decreased prices in 2015. (USDA)

  10. Resources Daily Livestock Report – CME Group USDA Website

  11. Rob Holcomb, EAExtension Educator, Ag. Bus. Mngt.University of Minnesota ExtensionMarshall, MN507-337-2807holcombr@umn.edu

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