This is Megan Silveira, assistant editor for the Angus Journal, with the May 9, 2022, update from the AJ Daily. Today’s update contains information about the 2022 Angus Convention to be hosted in Salt Lake City, comments from the American Farm Bureau Federation in support of climate-smart commodity proposals, and a report on beef prices. 

Explore the 2022 Angus Convention

Adapted from a release by Jera Pipkin, Angus Communications

It’s time to head west of conventional, where elevation meets aspiration. Set your sights on Salt Lake City, Utah. Based at the foothills of the Wasatch Mountains and near the heart of the Great Salt Lake, it’s the perfect place for adventure. Come explore new avenues, more opportunities and your potential at the 2022 Angus Convention, Nov. 4-7 at the Salt Palace Convention Center.

This forward-thinking filled weekend will inspire cattlemen to take their operations to new heights. Angus Convention is the one-stop shop for all things innovation and instruction. From tours to education, networking and an expansive trade show, there’s solutions around every corner for all producers.

For more information, go to angus.org. 

American Farm Bureau Federation Issues Support for Climate-Smart Commodity Proposals 

Adapted from a release by the American Farm Bureau Federation

The American Farm Bureau Federation May 6 sent letters of support to five organizations that have submitted proposals to USDA’s Partnership for Climate-Smart Commodities program. USDA is investing $1 billion in pilot projects that create market opportunities for U.S. agricultural and forestry products that use climate-smart practices and include innovative, cost-effective ways to measure and verify greenhouse gas benefits.

An American Farm Bureau Federation review committee, made up of American and state Farm Bureau staff, placed a high priority on projects that reflect objectives laid out by American Farm Bureau Federation and state Farm Bureaus during USDA’s request for information process. While other projects may meet those goals, the review committee decided to focus on projects developed or supported by state Farm Bureaus.

To read more, visit fb.org. 

Beef Prices Decline Going Into Memorial Day

Adapted from a report by Len Steiner, Steiner Consulting Group

The choice beef cutout on May 6 was pegged at $254.44 per hundredweight, $19 per hundredweight or 7% lower than three weeks ago. Current prices are about 16% lower than a year ago, but still as much as 15% higher than in 2019. Beef prices are down across all segments but the decline in the value of the rib primal has been the most significant and the most consequential. 

Is the price decline a result of retailers putting on fewer features after Easter and also planning fewer features for Memorial Day? Or does it reflect a slowdown in demand as high fuel prices and overall price inflation take a toll on consumer finances? With the limited data available so far, we are leaning more towards the second, but it is hard to say with certainty. 

For the full report, go to dailylivestockreport.com. 

The AJ Daily is compiled by Paige Nelson, field editor for theAngus Journal. For more Angus news, visit angusjournal.net.