Current Cattle Market Daily Headlines for Tuesday, May 26, 2020

by | May 26, 2020 | 0 comments

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Iowa meat lockers now eligible to sell into other states

https://brownfieldagnews.com/news/iowa-meat-lockers-now-eligible-to-sell-into-other-states/

  • Last week, the Iowa Department of Agriculture reached an agreement with the USDA that will allow eligible state-inspected butcher shops and meat lockers to sell their product across state lines.
  • This agreement bypasses the rule that said only federally inspected facilities could sell into other states.
  • Iowa’s Agriculture Secretary, Mike Naig, said that Covid-19 has made it clear the vital role that local community lockers play in our food supply chain.
  • This agreement will allow local lockers to grow their business, move more products and access new markets. Consumers in other states will also be able to experience high quality, Iowa-raised meat.
  • Iowa is the seventh state to enter into a Cooperative Interstate Shipment (CIS) agreement with USDA. Other states include; Maine, Indiana, Missouri, North Dakota, Ohio, and Wisconsin.

 

Boxed beef prices & cattle on feed report

www.nationalbeefwire.com

  • Cattle on feed: 11.2 million head as of May 1, 2020. Inventory down 5% below May 1, 2019.
  • Placements for the month of April: 1.43 million head, a decrease of 22% from 2019. Placements were recorded as the second lowest for April since the series began in 1996.
  • Marketings for the month of April: 1.46 million head, a decrease of 24% from 2019. April’s marketings were the lowest since the series began in 1996.
  • Last week was the first week since the beginning of January that finished cattle prices exceeded year ago prices from the same week.
  • Choice boxed beef: $396.74 (-$5.07)
  • Select boxed beef: $374.18 (-$8.35)

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  1. Current Cattle Market Daily Headlines for Tuesday, May 26, 2020 - Wild Sage News & Views - […] Read original article Author: Mackenzie Johnston […]

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