Markets
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.
A southern Arizona meat distributor is recalling more than 50,000 pounds of pork and beef because they were mislabeled.
Beef prices went down while cattle prices rebounded.
Winter weather has been a factor in beef and cattle prices lately, but it didn’t keep the market down for boxed beef this week.
The past week of poor weather has kept the beef market downs.
Expansion of the beef herd looks to continue while beef production will see a marginal slide.
A new study shows that Country of Origin Labeling (COOL) has not adversely affected trade with Canada and Mexico.
Beef production is looking to increase from original projections, while exports are dropping off a bit.
The picture being painted for 2015 is a market drop off in cattle demand and beef production.