Page 3 - MWC 8-25-2022s

The Midwest Cattleman · August 25, 2022 · P3

August 25, 2022 Volume 28 No. 7

CHANGES TO LIVESTOCK ANTIBIOTICS BEEF CATTLE PRODUCERS FACE HIGHER INPUT
COMING NEXT YEAR COSTS, WITH FEED PRICES UP 16 PERCENT
By Tim McDermott DVM, OSU Extension Educator Annual U.S. retail prices for (SAFP) for corn—the primary
There are some changes are implemented in 2023. beef and veal are projected to grain fed to cattle—is current-
coming to the availability of What is being implement- rise 6 to 7 percent in 2022 rel- ly projected at $5.95 per bush-
over-the-counter antibiotics ed is the Food and Drug Ad- ative to 2021. el, the highest SAFP since the
that the livestock producer ministration’s guidance for In May 2022, the farmer’s 2012/13 marketing year.
will want to familiarize them- industry (GFI) No. 263 titled share of the retail value of Like corn, the SAFPs for
selves with soon in order to “Recommendations for spon- beef also increased year over other feed grains including
make sure they are properly sors of medically important year, but rising input costs, sorghum, oats, and barley
prepared before the changes antimicrobial drugs approved especially for cattle feed, may are projected to increase in
for use in animals to volun- limit farmers’ ability to bene- 2021/22 relative to 2020/21.
tarily bring under veterinary fit from higher cattle prices. The SAFP for hay, an im-
oversight all products that Based on the USDA, Eco- portant supplement to cattle
continue to be available as nomic Research Service (ERS) grazing, is estimated to be
over-the-counter.” commodity cost and return es- 16 percent higher in 2021/22
The reason for this change timates, feed expenses are the compared to the average price
is to make sure that there is largest operating cost for cow- over the preceding 9 years.
veterinary oversight of med- calf producers, comprising 75 As of August 9, 2022, it was
percent of these costs in 2021. estimated that 46 percent of
continued on page 10
Prices for beef cattle feed hay is growing in areas expe-
were up 16 percent in May riencing drought. In addition
U.S. AGRICULTURAL LAND VALUES SHOW 2022 relative to May 2021. to rising feed costs, elevat-
RECORD INCREASE High fertilizer prices have ed diesel fuel and farm labor

The Land Values contributed to increased feed costs have also put pressure
costs while drought conditions on farmer margins.
2022 Summary re- have squeezed feed grain and
port, released Aug. 5 hay supplies. The 2021/22 USDA
by USDA’s National season-average farm price
Agricultural Statis-
tics Service (NASS),
shows agricultur-
al land values in-
creased by $420 an
acre over 2021, the Pastureland values posted strong gains from the previous
largest numerical year, coming in at $1,650 per acre on average for the U.S.
increase since the one of many indicators of the
survey first began in 1997 and overall health of the agricul-
the largest percent increase tural economy and illustrates
(12%) since 2006. yet another heightened pro-
This annual report provides continued on page 14

IS THE CATTLE INDUSTRY SET UP TO REPEAT 2014?
By Paige Carlson
Dry Conditions. Unabated the future to be seen in the
cow slaughter. Record Pric- cattle markets and industry.
es. This list of known factors Scott Brown, University
weighs on the unknowns of of Missouri associate exten-
sion professor in agricultur-
al and applied economics,
joined “AgriTalk” to discuss Coming Sales-30
some of the looming cattle in- Life is Simple-5
dustry factors and how they Market Report-8
might play out in the coming
months. Agribusiness
Drought Directory-28
Dry conditions have been a

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