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More beef and lower prices should be positive for U.S. international trade.
There was little change in finished cattle prices this week which likely has feedlot managers sweating bullets.
“Too big, too fat, too inconsistent,” is how Hop Dickinson, former CEO of the American Hereford Association, described cattle in the 1990s.
Chain is looking at burger concept as possible ‘growth seed’
Downward slide in prices expected to ease, but still trending lower.
“On Twitter, our following is a young, urban, millennial guy making Hamburger Helper in his dorm room.”
There were 491 million pounds of beef in cold storage at the end of February.
For the second week in a row, cattle and beef prices are sharply lower.
Consumers are using their leftover gasoline money at the grocery counter, says Matt Bennett, Bennett Consulting.
A K-State agricultural economist explains some of the reasons for current market trends.
The average retail price of choice beef during February was $5.986 per pound.
The calf market continued to strengthen this week as the demand for lightweight calves intensified.
Beef is now so expensive in Argentina, which once was the third-largest exporter, that slaughtering plants are about to start importing cattle from neighboring countries for the first time in almost two decades.
When Republican presidential front-runner Donald Trump showed off a pile of beautifully marbled steaks atop a butcher board at a Tuesday campaign event, he called them “Trump steaks.” That’s true in the sense that they were steaks, and they were on a Trump property.
It is all too easy for producers and even more so for consumers to underestimate the value of the market data that helps ensure efficient agricultural markets and a steady supply of affordable food.
The latest USDA cattle report shows a rapid expansion is underway with cattle and calf numbers up 3 percent and beef cow numbers up 4 percent in the past year. According to Purdue University Extension economist Chris Hurt, record-high cattle prices in the last half of 2014 and first half of 2015 raised excitement among beef cow producers.
Since the 2011 meltdowns ended their future as prized black “wagyu” beef, a rancher near the Fukushima nuclear power plant has given his cattle a new mission: They’ve become protesters.
The Canadian cattle herd has increased 0.3% in the past year to nearly 12 million head.
The price for uncooked beef steaks has come down recently, helping earnings at restaurant chains such as Texas Roadhouse Inc.
Cattle prices have dropped more than 32% during the last 16 months, but beef prices haven’t seen the same dramatic decline.
The dilemma is that traditional producers face a countercultural role.
The CME Group has proposed a number of recent changes in an effort to resolve instability seen in cattle markets. National Cattlemen’s Beef Association (NCBA) officials say the moves aren’t addressing the problem areas and more communication is needed between the organizations.
Restaurant Brands International Inc., the owner of Burger King and Tim Hortons, reported fourth-quarter profit that topped analysts’ projections after new menu items helped sales at the burger chain.
Stan Kroenke, the billionaire owner of the NFL’s Rams, has agreed to purchase the historic W.T. Waggoner Estate Ranch in Texas, representatives of the ranch said on Tuesday.
The trade agreement might be one of the biggest opportunities to turn-around a sliding cattle market.
Will the cattle market keep sliding in 2016? Could there be a rally? See what the analysts from CattleFax have to say.
Steps are being taken by CME Group to address volatility in the cattle markets, although producers will still have to deal with a bearish marketplace.
No one wants to handle a temperamental cow or bull, but there is more at stake than overall attitude.