Higher cattle prices and declining wholesale beef prices pushed packer margins underwater last week. Pork breakevens fell to their lowest point in two years.
Beef-on-dairy is arguably the most significant advancement for the U.S. beef industry in a generation, and no current review of the State of the Beef Industry would be complete without examining its impact.
America’s beef producers are optimistic about the future, and the state of today’s industry is strong. Those are two highlights from the 2023 Drovers State of the Industry survey and reported in this special section.
Last week I learned I’m a 12-percenter, and if you’re a Drovers reader it is likely you are a 12-percenter, too. That’s not good, at least according to those who would regulate our dietary choices.
Weaker cattle and beef prices were the rule in trading ahead of the long weekend, but this marks the 14th consecutive week negotiated cash prices have traded above $180 per cwt.
