U.S. pork exports recorded the highest-ever monthly value in November while U.S. beef export value took another step toward a likely full-year value record, according to data by USDA and compiled by USMEF.
Trade talk is a big issue for everyone here at the convention and the focus isn’t just on China. For another year, the priority remains the same, the cattle industry vocal they want a free trade deal with Japan.
Current cattle markets are a series of bad news-good news. Bad news—cattle prices pulled back last week. Good news—the jump in prices earlier this month has current levels at or above most expectations.
Additional cattle are continuing to come to feedyards, but fortunately there’s been several market factors at play to help offset beef supplies, at least for now, said Craig VanDyke, Top Third Ag Marketing.
Feeder cattle and calves continued their fall rally in October, gaining 3% to 5% at auctions. Prices at the beginning of November are nearly 9% higher for both calves and yearlings than the August averages.