Markets
Boxed beef prices increased about ten percent over the month of October into early November, a significantly higher increase than the normal seasonal bump.
America’s four largest beef packers face another lawsuit claiming antitrust violations since 2015, this one filed by a California distributor seeking treble damages.
Proposed legislation claims the lack of a federal definition of beef or beef products has created “opportunity for marketplace confusion and consumer fraud,” say the bill’s authors.
Cash fed cattle sold $1 to $2 higher, but yearling feeder cattle sold uneven at auction with steer and heifer calves trading $1 to $4 lower.
Friday’s USDA cattle on feed report pegged heifer numbers at 39.1 of feedlot inventories, the highest percentage in more than 18 years, and year-to-date heifer slaughter is up more than 7%.
Beef packers continued to show signs that they still need cattle to meet the demand of their customers and paid higher prices last week.
Research supports fat as part of a healthy diet and consumers are demanding high-quality beef, and the beef industry has seen a rebound of grade because of increased emphasis on genetics, says Dale Woerner, Texas Tech.
The Beef Industry Long Range Plan is updated every five years to identify key areas to advance beef demand and help the industry focus on one strategic direction.
Cash cattle markets backed up last week from a steady upward movement due to a boiler explosion, and the three days of unexpected downtime at Cargill’s Dodge City plant.
Cattlemen sought relief from devastating cattle markets following the August fire at a Kansas packing plant.
Following an explosion Oct. 17, Cargill says it is sending live cattle to other facilities but expects its Dodge City cattle receiving operations to resume early next week.
Cargill’s Dodge City, Kan., beef processing facility was back online Monday morning after an explosion on Wednesday, Oct. 16, 2019.
Consumers will soon learn how beef farmers and ranchers take to care of their animals to produce high quality beef in a new promotion and advertising campaign about the Beef Quality Assurance (BQA) program.
Cattle feeders continue to take advantage of the advancing cash market, with higher sales in all regions last week.
Cargill says it closed its Dodge City beef packing and processing facility on Thursday after an explosion injured two employees.
CAB growth credited to “an entire community of Angus farmers, ranchers and feeders being extremely intentional over several years in the way they breed, raise and care for their cattle with a focus on quality.”
While fed cattle supplies remain historically large, they are set to decline moving forward. Seasonal supplies will be at their peak in the first quarter of 2020.
Agricultural markets will be impacted by world population growth, economic growth and the expanding middle class, African Swine Fever and the development of alternative proteins.
Citing concerns about foreign ownership of U.S. companies, two U.S. senators have asked Treasury Secretary Steve Mnuchin to open a formal investigation of JBS SA.
“When ranchers and cattle feeders read the day’s news and reports, there needs to be a positive dialogue. We ought not squander the opportunity.”
Wes Shoemyer, a Missouri farmer and speaker at last week’s “Rally to Stop The Stealin’” in Omaha, responds to critics of the #FairCattleMarkets movement.
From a seller’s perspective, the fed-cattle trade continues to improve, with last week’s numbers making it the third straight week of higher prices since September 9th.
It is disconcerting to watch as a few become disruptive at a time when the beef industry is realizing very positive progress in moving to satisfy the most important aspect of any business – the customer.
While many cattlemen were surprised and frustrated with market reactions after the fire, Derrell Peel says the type and duration of price behavior are exactly what is predicted by market economics.
The upward trend in cash cattle could continue through the holiday rib demand, with Choice product being in short supply.
Our view or definition of traceability and the process involved shapes our perspective of the premium and implementation cost.
Both cash fed cattle and feeder cattle posted gains for the week ending Sept. 27, while wholesale beef prices saw significant declines.
With seven weeks passed since the fire at Tyson’s Finney County, Kan. plant, the impacts and resulting ripple effects are clearer now and are fading as expected.
Tom Jones and his Hy-Plains Feedyard team keep feeding, learning and showing the way to better.
The September Cattle on Feed report highlights some regional differences in the current feedlot situation among the four largest feeding states.