Markets
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.
The spring cattle rally stalled this week as cowboys and packers search for signs supporting ideas the market will conform to seasonal trends.
A Dutch court has sentenced a meat processor to 30 months imprisonment for a massive fraud operation in which he illicitly sold horse meat as more expensive beef.
The spring cattle market rally was beginning to bloom this week, with yearling feeder cattle trading firm to $5 higher and instances of $6 to $8 higher.
Pilgrim’s Pride Corp. may be ready to strike a big deal, and it has the means to do it.
Environment and feed availability key factors to increase
Retail beef prices were record high for the third consecutive month during February.
Perhaps more than ever, the money in the beef business is in the marbling.
A meat packing company in Tucson, Ariz., is recalling more than 2,100 pounds of roast beef due to misbranding.
Natural and organic beef market share has been increasing over the past few decades.
Beef’s getting better, to judge by the uptrend in quality grades and resurgent consumer demand. However, an increasing share of that demand has been for ground beef – and an average pound of that versatile staple now sells for more than $4.
Cattle prices have set records for the past five years in a row, and that has increased prices at the meat case, says University of Missouri Extension agricultural economist Ron Plain.