BEEF
USDA has increased its forecast of U.S. beef production.
The beef business is a long-term business, and producers need to gauge their production against solid indicators that can help them set or modify production goals.
News that U.S. beef and cattle prices hit record high prices early in the new year is a good sign for producers and even some consumers.
The live cattle market should begin creeping up the next several weeks as it searches for its fall high which precedes the holiday season.
With three-quarters of 2016 nearly in the books, we see continued expansion of the beef cow heard and continued increases in beef production.
It is abnormal for live cattle prices to continue finding new summer lows this late in the summer.
Lower finished cattle prices continue to produce red ink for most cattle feeders which continues to drain equity.
High feedlot placements in the spring might mean more beef in cold storage and lower cattle prices.
The questions abound if prices are going to continue to strengthen or if they will falter heading into the fall of the year. The answer is different depending on the weight class and management provided to those animals.
The average price of choice beef at retail was $6.20 per pound during June.
In a high or low cattle market environment, capturing the most pounds per calf affects a producer’s bottom line, said a Texas A&M AgriLife Extension Service economist.
Mexico is watching out for the banned steroid clenbuterol — on the dinner plates of its athletes.
“Too big, too fat, too inconsistent,” is how Hop Dickinson, former CEO of the American Hereford Association, described cattle in the 1990s.
Downward slide in prices expected to ease, but still trending lower.
A K-State agricultural economist explains some of the reasons for current market trends.
It is all too easy for producers and even more so for consumers to underestimate the value of the market data that helps ensure efficient agricultural markets and a steady supply of affordable food.
The latest USDA cattle report shows a rapid expansion is underway with cattle and calf numbers up 3 percent and beef cow numbers up 4 percent in the past year. According to Purdue University Extension economist Chris Hurt, record-high cattle prices in the last half of 2014 and first half of 2015 raised excitement among beef cow producers.
The price for uncooked beef steaks has come down recently, helping earnings at restaurant chains such as Texas Roadhouse Inc.
Cattle prices have dropped more than 32% during the last 16 months, but beef prices haven’t seen the same dramatic decline.
“Where’s the beef?” The catchy slogan could be updated to “Where’s the fresh, quality beef?” And the answer would still be the same: Wendy’s.
The dilemma is that traditional producers face a countercultural role.
Restaurant Brands International Inc., the owner of Burger King and Tim Hortons, reported fourth-quarter profit that topped analysts’ projections after new menu items helped sales at the burger chain.
The trade agreement might be one of the biggest opportunities to turn-around a sliding cattle market.
Beef feedlot managers, owners, employees and supporting industry personnel will learn the latest in feedlot health, nutrition, environment and economics at the 2014 Beef Feedlot Roundtables in Nebraska.
Will the cattle market keep sliding in 2016? Could there be a rally? See what the analysts from CattleFax have to say.
During the NCBA Cattle Marketing and International Trade Committee meeting at the Cattle Industry Convention in Nashville this week, Ron Bryant, U.S. Ruminants division with Merck, recapped the five-step plan Merck developed with the cattle industry.
Beef producers from the four largest beef producing Trans-Pacific Partnership (TPP) member countries continue to advocate that any TPP agreement must deliver on the 2011 TPP Ministers’ position of eliminating tariffs and other barriers to trade.
During cold and windy weather, producers need to be aware of the potential for scrotal frostbite in bulls.
The USDA feeder cattle report for the week ending January 31 confirmed the inventory drop showing cattle and calves nearly 2% lower than last year’s numbers.