Auction markets noted firm demand and a stronger undertone last week for grazing cattle with spring now less than a month away. Auctions were in full-swing again after the previous week's winter storms.
DVMs Bob Larson and Jennifer Koziol will discuss how to evaluate bulls so only those that can get a high percentage of exposed cows pregnant in a short period of time are turned out into the breeding pasture this spring.
Livestock auction markets are built on relationships, but for LMA member market owners and employees, the importance of relationships isn't limited to sale day.
Packers, as usual, were in a position of leverage and needed very little cattle for the next week’s harvest. This continues to be the biggest problem with driving the cash price higher.
Cattle numbers will continue to contract in 2021, and producers will gain leverage on packers and retailers and margin distribution will be more equitable, according to CattleFax.
U.S. beef exports are expected to increase modestly in 2021 to reach the second highest level behind the 2018 export record. A key to export growth includes continued growth in the China/Hong Kong market.
The Meat Institute filed a petition asking the Supreme Court to review an earlier ruling of the Meat Institute’s challenge to the constitutionality of California’s Proposition 12.
Beef packers continued to maintain their strangle-hold on the market this week. Rising boxed beef cutout prices will pad packer profits – likely to exceed $400 per head.
