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Beef exports continue to face significant headwinds in 2023, and September’s export volume was down 15% and the lowest of the year so far.
Reported national feeder cattle volumes (auction, direct and video/internet) are up 5.6% year-over-year since Labor Day, with the majority in September which contributed to the large September feedlot placements.
The debate over immigration continues to be an issue in Washington. However, the Ag Economists’ Monthly Monitor shows economists are still skeptical it’s enough for Congress to act on immigration reform.
Cash cattle prices decline 3% for the week as December Live Cattle futures hit a five-month low and nearby feeder futures post seven-month low.
Although U.S. cattle inventories declined, following widespread drought, cattle feeding margins are not as wide as in the previous period of low cattle inventories. Here’s some management strategies to consider.
Capturing true value discovery of feeder cattle through genetic merit could become a watershed moment for the U.S. beef industry.