It is disconcerting to watch as a few become disruptive at a time when the beef industry is realizing very positive progress in moving to satisfy the most important aspect of any business – the customer.
The U.S. beef industry is a forage-based industry and that one distinction from the pork and poultry industries will hinder any future vertical integration, says John Nalivka.
Ranchers can no longer consider their end product as calves or yearlings, with their role in the industry complete once those calves or yearlings are loaded on a truck and leave the ranch.
Market fundamentals are dynamic and how these fundamentals affect different people in the supply chain and their reaction is the foundation of market analysis.
Long term financial success for the beef industry will require fostering market approaches that are consistent with the future direction of the industry, says John Nalivka who supports a CME Beef Cutout contract.
U.S. cattle slaughter was up an estimated 25% over the previous holiday-shortened week as beef packers gradually return to near-normal capacity utilization.
Data from USDA's monthly cattle on feed reports and rising feeder cattle prices in July suggest cattle feeders have pen space to fill and the backlog of cattle is now diminishing.
