TheDairySite.com - news, features, articles and disease information for the dairy industry

TheBeefSite Newsletter - 30 July 2014

You are receiving this email as you are a subscriber of TheBeefSite.com
The home of premium international beef news and information.
Is this email not displaying correctly?
View it in your browser.
TheBeefSite
Wednesday 30th July 2014.
Michael Priestley - Editor

Michael Priestley
Editor


Novus International

MSD Animal Health

Ensuring You Benefit From Cheaper By-products

Mid-summer has yielded feeders and ranchers an opportunity to source cheap feed for the coming winter thanks to the recent decline in distillers dried grains prices.

May and June typically see distillers dried grains (DDGs) increase in price but this year values have dropped faster than corn, potentially of great benefit to cattle profitability.

This is according to South Dakota Extension Experts Professor Darrell Mark, an agricultural economist and Cow/Calf agent Warren Rusche, who have outlined the $125/ton drop since late March.

This is a bigger drop than corn, explained Professor Darrell Mark, adding: “While lower corn prices generally translate into lower absolute prices for distillers grains, the decline in distillers grains prices is proportionally larger than the decline in corn prices.”

From trading as high as 153 per cent of corn prices, DDGs plummeted to as low as 65 per cent by early July Professor Mark added.

This marked drop can be explained by several factors, not least the pressure from the falling Soybean and Corn price.

However, a 50,000 barrels per day rise in ethanol production over the midsummer period has combined with China’s import ban on US DDGs to leave stock on the domestic market.

“China, the largest buyer of distillers grains in the world, was sharply increasing its imports of distillers grains in recent months to support its livestock industry,” he added.

“On June 9, 2014, China announced it would not issue import permits for U.S. distillers grains.”

Prior to the official ban, which was over the presence of a genetically modified trait in US DDGs, China’s largest port had ceased issuing permits in May.

A price drop of $60/ton was reported after the China ban, added Professor Mark.

Consequently, livestock farmers have the opportunity to ‘lock in’ a low feed price for winter, although should be aware of the potential storage headaches DDGs can bring, cattle expert Mr Rusche warned earlier this month.

He advised that complications are higher labour costs, the price of using covers or bags and the availability of rough feed if mixing is necessary.

“Storing WDGS can be challenging because the product by itself does not readily stack or pack in a bunker or pile,” he explained.

“One approach to solve that problem has been to mix about 70 to 80 per cent WDGS and 20 to 30 per cent roughage on an as-fed basis.”

Another solution could be the use of silage bags, while Modified Distillers Grains lend themselves better to being stored in a bunker or pile as they contain less moisture.




Featured Book of the Week

Dogs of the Shepherds - A Review of the Pastoral Breeds Pre-Order – Dogs of the Shepherds
Dogs of the Shepherds is a book for all those who admire the most valuable of all the working dogs, the pastoral breeds; sheepdogs, cattle dogs and flock protection dogs, the indispensable farmer's servants and companion dogs for thousands of proud dog-owners across the globe.
Pre-Order Now


This Week's Articles and Analysis

Lock in Lower Feed Costs: Storing Wet and Modified Distillers Grains
Those looking to feed distillers grains this winter should look to buy now as a great way to 'lock in' lower feed costs, advises Cow/Calf field specialist Warren Rusche.

Price Risk Protection Tools for this Uncertain Market
Market events and reactionary behaviour warrants risk management strategies, states John Michael Riley, Extension Agricultural Economist, Mississippi State University.

Effective Biosecurity Planning - Regularly Changing Needles
Having a biosecurity plan is all about ensuring the end product is safe and wholesome for the consumer's plate and can be made easier by a five point plan.

Warts in Cattle: Cause and Cure
Cattle warts are caused by six strains of a virus which associate to different body areas, according Rachel Endecott, Beef Specialist at Montana State University.

Company News

New Website for Sheep Sector
UK – Today, 5M Publishing officially launches TheSheepSite – the latest in the company's stable of agriculture and livestock oriented websites.
Novus International Launches Website Focused for Customers in China
US - Novus International officially launched a new version of its global website tailored to the needs of the China market.
Market Reports

Australian Rural Commodities Wrap - July 2014
EBLEX Cattle Weekly - 25 July 2014
USDA Cattle on Feed - 25 July 2014
USDA Livestock Slaughter - 24 July 2014

Global Beef Industry News

   Russian Federation

McDonald's Beef,Chicken and Fish Burgers May be Banned in Russia

   United Kingdom

Funding Will Help Assess Extent of Human Tapeworm in UK Cattle
NFU Launches Focus on Enforcement Review of Local Authority Livestock Inspections
Imported Food Residue Worries Rumble On
Improved Confirmation Could Come From Genetics Progress
Producers Urged to Look Hard for Prices as Markets Stabilise
Symposium Explores the Future of Farm Animal Welfare
BVA Will Support Second Year of Badger Cull Pilots in England
How to Approach On-farm Disease Control

   United States

Tyson Sales Grow
CME: Composite Broiler Price in June Lower Than Previous Month
Imported Beef Getting Dearer in US
Weekly Cattle Summary: Retail Price 66 cents Higher Than Year Ago, Fed Prices Set New Records
Cattle Futures: Cattle Closed Down on Thursday
Eating Meat Can Turn up the Heat
Cattle Futures: October Live Cattle Closed up Wednesday
CME: Red Meat, Poultry Stocks Below Year Ago Levels

   Algeria

FMD NEWS: Algeria Reports New FMD Outbreak
Algeria Reports New FMD Outbreak

   Korea, South

Korea's Cattle Herd Shrinks in 2014
OIE Reports FMD Outbreak in North Gyeongsang Province
Fresh Case of Foot-and-Mouth Disease Confirmed at Pig Farm

   Serbia

EU and FAO Partner to Help Flood-Affected Serbian Farms Rebuild

   Ireland

Irish Ministers Meet to Discuss Beef
Financial Issues Compromise Farmers Health and Safety
Farms Benefit from Falling Production Costs in 2014
Compliance with REPS has Left Farmers at a Disadvantage

   New Zealand

Beet + Lamb New Zealand Support MIE Business Plan

   Australia

Australian Cattle Prices Improve
Workshops to Give Graziers the Nutrition Edge in the Dry Weather

   Taiwan

Demand for High Quality US Beef Surmounts Competition, High Prices

   Canada

Council Calls for Public Support for Quick Adoption of FTA
Watch Out for Anthrax in the Wet Weather

   Botswana

Botswana Vaccinates Cattle to Prevent Spread of FMD

   Indonesia

Indonesia Plays Important Role in Tanzania Agriculture

   Netherlands

Genome Analysis Helps in Beeding More Robust Cows

   Global

GLOBALG.A.P. Introduces Joint Initiative for Global Food Security
Nutreco Reports Higher First Half Year Results

   China

Chinese Beef Imports Forecast to Double by 2018

   Peru

Peruvian Livestock Sector to Get Aid With Genetics and Water

   Austria

Austrian Food Service Sector Gets Taste for Beef and Lamb

Events/Promotions

swinecast-your-connection-at-your-convenience
The Drost Project - A Visual Guide to Porcine, Pig Reproduction.
VIV Europe Digital 2014
VIV China 2014
EuroTier 2014

Sponsors



Partners

Biomin - The Natural Way
Life Technologies
More on VIROCID - The Global Disinfectant

Advertisers

Animax Veterinary Health
The Pig, Poultry, Beef, Fish, Dairy, Meat, Cattle, Crop & Bioenergy Sites From 5M Publishing From 5M Publishing

unsubscribe from this list | update subscription preferences

Our Sponsors

Partners


Seasonal Picks

British Field Crops 2nd edition