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Cattlemen’s Beef Board CEO Greg Hanes says the Beef Checkoff was “designed by producers, for producers, to build value by focusing on key areas of research and promotion to drive demand for our beef around the world.”
Steers and heifers sold at auctions this week steady to $3 lower. AMS said with the holidays and the end of the year fast approaching, many auction markets saw heavy runs of cattle.
Sharply higher carcass weights have boosted beef production, though another round of winter weather hitting parts of cattle feeding country may temper that in the last few weeks of the year.
In anticipation of reduced harvest during the holidays, packers are sitting in a good inventory position going into the next few weeks.
There are some new, numbers when it comes to beef production in the U.S. over the last 50 years. USDA researchers say production has increased by 25%. That’s even while the number of cattle for beef has decreased by 6%.
The iconic chant of an auctioneer calls for bids and brings items to their top price. For Jared Miller that chant is his second language.