High returns for sheep and beef picked to continue

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Sheep and beef farmers have been told they can look forward to another high-earnings year, after pre-tax profit jumped 75 per cent in the past year as lamb and wool remains in demand in key markets. Average farm income before tax is estimated at $106,200 in the June year ahead. Beef + Lamb New Zealand…


Ludwig as bad as drought, say beef farmers

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Federal Agriculture Minister Joe Ludwig’s decision to halt live cattle exports to Indonesia so angered the industry that beef producers have now put him on par with floods and droughts. Farmers fronted a Senate inquiry in Broome on Thursday complaining of their lot in life, namely "floods, droughts and Ludwigs". West Kimberley producers said they…


CME: 2011 Beef & Pork Packer Margins Up

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US – In the past, record-high livestock prices such as we have seen this year usually meant that packers lost money by the boatload — but not so in 2011, write Steve Meyer and Len Steiner. Packer margins in both the beef and pork sectors have been exceptionally good for much of the year and…


Dillon Feuz: Beef demand on the rise for several reasons

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Fed steer prices in Nebraska through mid-August have averaged $112 per hundredweight this year. Over the same time period last year they averaged $92 per hundredweight. That is a price increase of 22 percent relative to last year. Is there one reason, or several reasons, for this price increase? As an economist, I am always…


JBS falls into red, after wrong bet on US cattle

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JBS’s expansion into the US turned sour when a wrong bet on cattle prices in America, and losses in chicken operations, overpowered a firm performance in South America to drag the group into a surprise loss. Brazil-based JBS, the world’s biggest beef group, reported an after-tax loss of R$180.8m ($114m) for the April-to-June quarter, compared…


Beef prices hit record but farmers still wary

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BEEF prices have hit an all-time high and “cautious optimism” is the outlook, according to EBLEX. But only a few months ago, beef farmers were in despair – and some are not convinced they will not be back there soon. EBLEX, the government body which gets the levies on farmers’ sales of beef and lamb…


Scotland’s beef farmers handed funding lifeline

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Scotland’s most vulnerable beef farmers will continue to receive financial aid as part of an interim government scheme to replace current support payments. The €30m Scottish Beef Scheme will target payments towards small farms in hills and other less favoured areas where conditions are deemed as very poor. The scheme, which will come into force…


Interim beef calf scheme for Scotland

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AN interim replacement for the Scottish Beef Calf Scheme, which can no longer continue under CAP legislation, is being put in place from the beginning of next year. It is designed to ensure support payments to the beef sector until new Common Agricultural Policy regulations come into force. Rural affairs secretary Richard Lochhead said the…


Grains futures soar, beef and pork prices mixed

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CHICAGO (AP) Grains futures jumped Tuesday on the Chicago Board of Trade after the U.S. Agriculture Department said hot weather in several of the country’s biggest farm states was stressing crops. A smaller crop could drive up prices. wheat for September delivery soared 41.5 cents to $7.18 a bushel; December Corn shot up 30 cents…


Beef tour registration deadline is August 8

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The Alabama Farmers Federation’s annual beef tour, Sept. 11-17, includes some of the top cattle farms in New York’s famous Finger Lakes region. The deadline for tour registration is Aug. 8. In addition to seeing commercial cattle farms, tour participants will enjoy stops at Cornell University and Niagara Falls. The tour is limited to 80…


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