June 2014 June 2014 1212June 12 2014
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FARM RANCH FARM RANCH FARM &&& RANCH
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June 2014 June 2014 June 2014
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FARM& RANCH FARM &&RANCH RANCH FARM
Beef prices remain on a bull run. These bulls come out of the arena after being sold this spring at the Glasgow stockyards. Beef prices remain on a bull run. These bulls come out of the arena after being sold this spring at the Glasgow stockyards.
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BONNIE DAVIDSON / THE GLASGOW COURIER
BONNIE DAVIDSON / THE GLASGOW COURIER
Beef eefm market arketsstrong, trong,ssteady, teady,rrising ising B ripple effect Being felt With increasing Prices in the swine, Poultry & fish markets
ripple effect Being felt With increasing Prices in the swine, Poultry & fish markets
By Bonnie DaviDson local ranchers are seeing is that it's a good tana add up to $4.2 billion. While that's not GlasGow Courier year for beef. that is rise in it's the amarket alladd livestock – it also includes it's By The Bonnie DaviDson local ranchers areBut seeing that good tana up to $4.2 billion. Whilefarms that's–not hile all markets is for seeing a ripple effect poultry and all safe to say–that it's includes a big yearfarms for cattle. The GlasGow Courierhave their ups year beef. But that rise across in the market livestock it also – it's The downs, this year is ups a good is seeing swine as well. As the across demand has in-and safe report also thatyear even theThe price hileand all markets have their a ripple effect poultry to say thatshowed it's a big forwith cattle. year to be in the meat market. creased, along with the prices, consumers of beef soaring, the cost to raise livestock and downs, this year is a good swine as well. As the demand has inreport also showed that even with the price The final 2012 agin census report was have been at prices, other alternatives. alsosoaring, going up. of feed, gas and year to be the meat market. creased, alonglooking with the consumers of is beef the The costcost to raise livestock released county was on have been Whilelooking increases currently seen, the othergoing expenses havecost gone to an The final and 2012one agMontana census report was at are other alternatives. is also up. The of up feed, gasaverage and the top of one the nation forcounty beef cows. USDAincreases reported that the Economic of 47 percent.have gone up to an average released and Montana was While on While are currently seen,Rethe other expenses wasn't countyfor on beef the Hi-Line, Beaver- USDA search Servicethat (ERS) is forecasting prices are expected to continue to the ittop of thea nation cows. While reported the Economic Re-that the of 47 Beef percent. head County ranked fifth in the nation with food price inflation will range closer to the increase andare have risen 10topercent in 2014 it wasn't a county on the Hi-Line, Beaversearch Service (ERS) is forecasting that the Beef prices expected continue to 77,086 beef cows. historical normal than it did in 2013. Since so far. Another 5.5 percent to 6.5 percent head County ranked fifth in the nation with food price inflation will range closer to the increase and have risen 10 percent in 2014 the beef industry is only a portion historical 1990 grocery have risen an aver- so increase is expected in 2014. 77,086While beef cows. normalstore than prices it did in 2013. Since far. Another 5.5 percent to 6.5 percent of agriculture, it will be playing a role age of 2.8 percent each year. Swine Market While the beef industry is only a portion 1990 grocery store prices have risen an aver- increase is expected in 2014. as the usualitshopper to athe groMarket All that demand in beef with the declinof agriculture, will be heads playing role age of 2.8 percentCattle each year. Swine Market cery story to pick up a pound of beef or Droughts have caused ranchers in the ing number of cattle has caused perfect as the usual shopper heads to the groCattle Market All that demand in beef with thethe declina chicken breast for dinner. Earlier this West to cut back their herds. Cattle invenstorm for those in the meat market. The cery story to pick up a pound of beef or Droughts have caused ranchers in the ing number of cattle has caused the perfect year thebreast U.S. for Department of Agriculture tory steady decline since 1995, swine seen a steepThe climb a chicken dinner. Earlier this West to has cut seen backatheir herds. Cattle invenstorm formarket those inhas thealso meat market. (USDA) released a report that the soaring and those numbers are still dropping. The in demand. The swine market has seen year the U.S. Department of Agriculture tory has seen a steady decline since 1995, swine market has also seen a steep climb an beef prices have to do with an increase cattle supply is lower than it's been since the increase starting January of has this seen year.an The (USDA) released a report that the soaring and those numbers are still dropping. The in demand. The swine market in demand and a decrease in supply. The early 1950s. Mix that with a rise in exports price started around 79 cents per pound beef prices have to do with an increase cattle supply is lower than it's been since the increase starting January of this year. The and consumer price index has seen a 1.9 for1950s. beef, particularly to China. hasstarted gone up to $1.17 a pound. largest in demand and a decrease in supply. The early Mix that with a rise inExports exportswent price around 79 cents per The pound and percent increase from last year's levels. up 4 percent in 2013 and are expected to jump came in March with an increase consumer price index has seen a 1.9 for beef, particularly to China. Exports went has gone up to $1.17 a pound. The largestof Evenincrease restaurant purchases have seen a 2.2 up increase thisand year. more thanin31 percent. percent from last year's levels. 4 percentagain in 2013 are expected to jump came March with an increase of increase since last year. While the final ag report for 2012 is According to the USDA, ham was selling Even restaurant purchases have seen a 2.2 increase again this year. more than 31 percent. So where is all the food inflation combehind a little on what's going on now, it somewhere between $75 and $100 last year increase since last year. While the final ag report for 2012 is According to the USDA, ham was selling ing from? Several factors are contributing does show a some interesting figures. The in the Weekly National P.M. Weighted AverSo where is all the food inflation combehind a little on what's going on now, it somewhere between $75 and $100 last year to the rise in costs. One of the areas that markets for all agriculture products in Monage. The overall five year average sits being from? Several factors are contributing does show a some interesting figures. The in the Weekly National P.M. Weighted Averto the rise in costs. One of the areas that markets for all agriculture products in Monage. The overall five year average sits be-
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tween $70 and $85. This year started fairly normal jump,year selling as high as tween $70but andtook $85.a This started fairly $125 this spring. normal but took a jump, selling as high as you look at percentages, the $125 When this spring. increase in midWhen you pork look in at mid-March percentages,tothe April is the largest increase seen in increase in pork in mid-March to midporkisprices since increase 1996. Pork exports are April the largest seen in alsoprices increasing, with aPork rise in domestic pork since 1996. exports are demand as well. Thea Porcine Epidemic also increasing, with rise in domestic Diarrhea Virus (PEDV) has also taken out demand as well. The Porcine Epidemic a small percentage of the swine supply, Diarrhea Virus (PEDV) has also taken out it's also possibly causing swinesupply, producers a small percentage of the swine to reduce their supply in order to reduce it's also possibly causing swine producers their risk. Pork prices are still forecast to reduce their supply in order to reduce to increase, the forecast ERS, by 3 their risk. Porkaccording prices aretostill percent to 4 percent this year. to increase, according to the ERS, by 3 Poultry, Alternative percent to 4Fish, percent this year.Meats Market It only makes sense thatMeats with two meat Poultry, Fish, Alternative Market markets battling supply and demand issues, It only makes sense that with two meat other markets feeland the demand ripple effect. You markets battling will supply issues, might expect to see a rise in chicken, turkey, other markets will feel the ripple effect. You fish and other alternative as consummight expect to see a rise inmeats chicken, turkey, ers try to dodge the rising costs. will fish and other alternative meats as This consumput more pressure on supply demands for ers try to dodge the rising costs. This will those raising poultry. An expected increase put more pressure on supply demands for of 3 percent to 4.5 percent is projected this those raising poultry. An expected increase year. of 3 percent to 4.5 percent is projected this year.