Markets
The up and down stock market looks to impact beef demand.
A Consumer Reports study released yesterday includes misleading information that could increase consumer confusion about food safety heading into the Labor Day weekend, say beef safety experts.
Prices are expected to moderate on calves this fall which means a lower upfront investment when purchasing calves this year relative to one year ago.
This month’s cattle on feed report noted 2.6% more cattle in 1,000 head capacity feedlots than last August 1.
Officials are working to help Denison, Iowa cope with the closing of a Tyson Foods plant there that employed about 400 people.
Consumer demand for livestock products continues to be important in determining the pressure on livestock prices in the coming months.
The summer months have resulted in softer prices for wholesale beef, finished cattle, feeder cattle, calves and slaughter cows.
The semiannual cattle inventory report from USDA confirmed that beef cow expansion is continuing.
Beef and fed cattle prices drop from last week.
Beef imports are up, while exports have fallen.
Live cattle prices were up $2 to $3 from the previous week.
Cattle prices fall, while beef prices improve.
Grilling season tends to bring on high beef prices, and this May was record breaker.
An agreement between two Kentucky processors and a large food distributor is opening up a much-needed market for Appalachian beef cattle.
New labels and cooking instructions will give consumers information they need to safely enjoy these products.
Cattle prices are up from last week, but aren’t as strong as earlier prices this year.
Cattle markets held steady to stronger as the seasonal bump in demand from Memorial Day, Father’s Day and 4th of July lies ahead.
The May WASDE gave its first forecast of 2016 beef production and prices.
Though down slightly from February 2015, the value of U.S. beef exports in March -- at $527.3 million in -- was up 2 percent year-on-year.
U.S. beef exports were down 6.6% in March. It was the sixth consecutive month with exports lower than last year.
Consumers should understand marketing claims on meat products to make informed purchasing decisions.
USDA’s April cattle on feed report said the number of steers on feed was up 5.4% at the start of April while the number of heifers in large feedlots was down 10.1%.
Cattle market fundamentals may remain favorable, but April’s expected rally has fizzled. Both feeder and fed cattle traded significantly lower this week, with cash fed cattle prices now $9 lower than just three weeks ago.
Some people are changing their attitudes about the meat industry after taking the popular online course, “The Meat We Eat.”
It may be likely that the spring calf market has peaked.
National Beef Packing Company, LLC and One World Beef, LLC today announced that an agreement has been reached to sell National Beef’s Brawley, Calif. beef slaughter and processing facility to OWB.