University News Release

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It is abnormal for live cattle prices to continue finding new summer lows this late in the summer.
Research shows value to meat industry, restaurants and premier eating experience for consumers.
Lower finished cattle prices continue to produce red ink for most cattle feeders which continues to drain equity.
The questions abound if prices are going to continue to strengthen or if they will falter heading into the fall of the year. The answer is different depending on the weight class and management provided to those animals.
The average price of choice beef at retail was $6.20 per pound during June.
The market is well supported at the current cash price levels even though live cattle futures continue to fall.
Live cattle prices are hitting the summer wall and hitting it hard.
The latest beef and cattle trade data shows a mixed bag of global market impacts. Total beef exports were down 5.3 percent in April compared to last year.
The key comparative advantages currently enjoyed by North America’s integrated industry include a strong trust and premium being placed on their grain-finished beef.
Job growth has continued to drop the past few months, a sign that consumer beef demand could be in trouble.