Despite finding that 7 in 10 producers said the current economic recession had impacted their operations negatively, their approval of the beef checkoff increased from 68% in 2009 to 69% in 2010.
The average retail price of choice beef was $5.915 cents per pound during August. That is down 17.5 cents from the month before, down 41.3 cents from a year ago, and the lowest monthly average since May 2014.
Agency orders cut from 250 million gallons to 6.6 million.
Boxed beef cutout values continue to perform like the early days of Bitcoin trading, with Choice advancing $84 per cwt. since last Friday.
Cattle traders rang in the New Year with record cash prices for fed cattle.
With December totals yet to be recorded, U.S. beef exports already set a new full-year value record of $6.49 billion during the first 11 months of 2014.
On the other hand, frozen poultry stocks are up slightly from the year prior.