Weekly Outlook - Cattle Prices Will Continue to Rise

The impacts of the 2012 drought continue to play out in a beef industry discouraged by high feed prices and large cattle feeding losses. In the latest Cattle On Feed report, the USDA confirmed that placements into feed lots dropped sharply in September following substantial declines in July and August. As a result, on-feed numbers are now down nearly three percent as the beef industry is doing its part to reduce corn and other feed usage.

Drought has been particularly cruel to the beef cattle industry. A multiple year drought in the Southern Plains has been followed by a devastating Midwestern drought in 2012 that is now forecast to continue into 2013. Brood cows remain the last major livestock industry that is land extensive. So, when dryness causes wide stretches of land to be unable to support cow grazing, producers have to buy feed or send the cows to town.  <Read More>

Upcoming Event - Indiana Certified Livestock Producer Program Instructional Session

Indianapolis - The Indiana State Department of Agriculture (ISDA) is hosting producer workshops as part of the Certified Livestock Producer Program (CLPP), a voluntary program that recognizes farmers for their commitment to innovative and top industry standards. The workshop will be held on Nov. 7 and Nov. 8 at the Southern Indiana Purdue Agricultural Center in Dubois.

Each workshop is free of charge and will include industry experts in the five areas of focus for the CLPP program: commitment to the environment, food safety & animal well-being, emergency planning, biosecurity and being a good neighbor in their community. 

"The Certified Livestock Producer Program gives an opportunity for livestock producers to publicly demonstrate their commitment to their farm, their family and the future," said CLPP Program Manager John Nagle. "The instructional sessions are the first step toward completing the program, and offer valuable insight from experts in the livestock industry that will benefit each producer’s operation and community."

Who:
Livestock producers of all sizes and species

What:
Free CLPP Instructional Sessions

When & Where:
November 7th & 8th

Southern Indiana Purdue Agricultural Center
11371 East Purdue Farm Rd, Dubois, IN 

5:00 pm to 8:30 pm EST both evenings

Cost:
No cost for producers to attend, and dinner will be provided

To register please visit the CLPP page on the ISDA website, http://www.in.gov/isda/2395.htm.

Contact John Nagle at jnagle@isda.in.gov or (317) 232-8770 for questions or more information.

Help the Hellbender!

Ever heard of a hellbender?  Most people haven't.  But this very ancient, very large, very interesting Indiana amphibian is facing an increasingly declining popluation.  Check out the video to learn more about this endangered creature and what is being done to save it.   

Weekly Outlook - Beyond the October Production Forcasts for Corn and Soybeans

At 10.706 billion bushels, the USDA’s October forecast of the U.S. corn crop was about 100 million bushels larger than the average trade guess and about equal to the September forecast. The October soybean forecast, at 2.86 billion bushels was about 90 million bushels larger than the average trade guess and 126 million larger than the September forecast. Prices of both commodities increased immediately after the forecasts were released.

The positive response to what appeared to be neutral to negative production forecasts suggest that the market had priced in the risk of even larger production forecasts. In addition the USDA forecast year ending stocks of both commodities to be near pipeline levels, and smaller than expected in the case of corn. In the case of soybeans, the projection of marketing year consumption was increased by 150 million bushels. Some interpreted the increase as a reflection of stronger demand than had been previously forecast.  <Read More>