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The Livestock Consolidation Research Act would direct a study on the impact of livestock industry consolidation, and a report about how this has affected new market entrants, access to resources and purchasing power.

Dry conditions persist across parts of the U.S., with nearly half of the nation’s corn crop and 37% of the nation’s hay crop areas experiencing drought. Cattle producers could be forced to make more tough decisions.

Beef-on-dairy is arguably the most significant advancement for the U.S. beef industry in a generation, and no current review of the State of the Beef Industry would be complete without examining its impact.

Funds will help support conserving 250,000 acres of grasslands and enable five land trusts to share best practices across the region.

The state of the U.S. beef industry in 2023 is strong. Drought-induced herd liquidation impacted the supply side, but an even greater impact occurred on the demand side.

Checkoff funding will invest $38 million into programs of beef promotion, research, consumer information, industry information, foreign marketing and producer communications during fiscal 2024.

Market leverage remains solidly with cattle feeders, but packers continue working their options to hold prices in check.

Live cattle trade is part of the integrated markets for beef and cattle in North America. Canada and Mexico account for 100 percent of U.S. cattle imports and 95 percent of cattle exports.

China’s GDP growth could possibly drop lower than the U.S. this year. In fact, fewer and fewer sectors are healthy, and only then by direct government intervention.