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Beef prices expected to decline by Summer

Harsh weather conditions prevailing across many important cattle-feeding areas are not only affecting beef output, but also could be setting the industry up for price pressure in the second half of 2019.  Read the full story at:  https://www.farmprogress.com/beef/beef-prices-expected-decline-summer 

Beef exports to Japan fighting an uphill battle

The challenge for U.S. beef exporters to continue to grow market share in Japan recently stiffened. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership entered into force Dec. 30. This trade agreement is comprised of 11 nations, including Japan and major beef exporters such as Australia, Canada and New Zealand. Read the full story at:  https://www.farmprogress.com/beef/beef-exports-japan-fighting-uphill-battle.

Dairy Provisions stronger in the new farm bill

The Agriculture Improvement Act of 2018 . . . known to many as the 2018 Farm Bill . . . has significantly changed the Margin Protection Program for Dairy (MPP-Dairy) that was introduced in the 2014 Farm Bill. Read the full story at:  https://hoards.com/article-24616-dairy-provisions-stronger-in-the-new-farm-bill.html

Higher milkfat prices hinge on milkfat sales

The most recent USDA outlook calls for modest improvement in milk prices for 2019. Those same reports project higher milkfat and skim solids supplies for domestic consumers.   Read the full story at:  https://hoards.com/article-24667-higher-milkfat-prices-hinge-on-milkfat-sales.html.

Gates close on cattle entering feedlots

The parade of cattle into feedlots is finally slowing down. October marked the second consecutive month in which U.S. cattle placements into feedlots with at least 1,000 head of capacity were lower than the previous year.   Read the full story at:  https://www.farmprogress.com/livestock/gates-close-cattle-entering-feedlots.

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