U.S. beef exports opened the new year on a positive note, but market conditions suggest that 2014 could be a challenging year, according to statistics released by the USDA and compiled by USMEF, a contractor to the Beef Checkoff Program.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.8 million head on Oct. 1, 2010.
There are more steers in feedlots this April, but fewer heifers. It could be a sign of herd expansion.
Cash cattle prices dipped slightly last week, with a similar decline in closeout margins.
Cattle feeders hope the cash market found its bottom last week.
Record-high cash fed cattle prices helped boost cattle feeding margins over $280 per head last week.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.