The unprecedented events surrounding the COVID-19 pandemic have led to a severe economic downturn and will impact livestock markets going forward.
COVID-19 has fundamentally changed consumer behavior and the U.S. economy. The effects are unprecedented and it is difficult to determine how long the impact will last.
Does the beef industry need additional packer slaughter capacity? Recent history suggests cattle prices were highest when packing capacity utilization was lowest, but the answer is complex.
Over the past five years carcasses grading Choice represent 82% of slaughter, and carcass weights are also on a steady trend higher which is a cautionary sign for cattle feeders.
USDA’s annual Cattle report revealed slightly lower cattle numbers, but the decline was not as large as some analysts expected.
As a new decade begins, the beef industry’s voice must become one if producers are to benefit from the many opportunities presented today while confronting numerous challenges.
It is important to maintain our community ties built around agriculture and mining that have been the fabric of rural America.
John Nalivka's projections for the 2020 Cattle Inventory show a decline of 1.6%, which, if realized, would be smallest inventory number since 2016.