Livestock Markets
U.S. Meat Export Federation announces new records for volume and value for pork exports will be achieved in 2024. While not as strong, beef exports are holding their own, led by Mexico purchases.
Weekly fed cattle harvest of the latest four weeks have featured head counts larger than a year ago with an average of 496,750 per week, a 2.1% increase for the period compared to 2023.
Drought conditions likely to continue in Oklahoma and southern plains. Fall feeder calve run has begun.
Harvested fed steer and heifer head counts outpaced the same weeks in 2023, with 501K and 492K in the past two weeks.
The summer of 2024 has seen cull cow values reach record high prices. On the supply side, a decline in beef cow slaughter numbers reflects the current cowherd stabilization.
Markets, weather and input costs are constant challenges, but with the emergence of new technology and business models, producers have new ways to mitigate these risks.
Higher prices means the business now carries more equity-at-risk than ever. Producers are encouraged to be increasingly proactive in pursuing measures to ensure that equity remains protected.
Western video sale in Nevada sold cattle from 33 states and showed strong buyer participation. Benefit auction helps ranchers affected by western wildfires.
Has the rain in parts of the country encouraged producers to start rebuilding the cow herd? How are the markets being affected by both dry and wet conditions right now?
USDA is Discontinuing A Major Cattle Report, And it Could Now Spur More Volatility For Cattle Prices
USDA National Agricultural Statistics Service (NASS) announced it’s canceling the July Cattle Inventory Report. In the announcement, NASS blamed budget cuts from the most recent appropriations bills.
We’re in a predictable period of a well-established supply and demand cycle. Yet there is a different potential crisis looming for the beef cattle industry.
Here are the key market headwinds ahead for the cattle industry.
In just a few buck-wild months in 2015, a Texas grifter pulled off a swindle nearing $100M, and turned the cattle industry into his playground, stirring more cash than some of the largest beef companies in the U.S.
AgDay national reporter Betsy Jibben talked with buyers and sellers at a feeder cattle auction in Northern Indiana. She traveled to Shipshewana, Indiana.
The more than $900 margin between producers and packers has the largest industry representatives, that are typically at odds, working together.
Colin Woodall, NCBA CEO, says the DOJ has an “obligation” to provide full transparency and finish the investigation to give cattle producers the full scope of the issue.
A new USDA Market News Mobile Application will provide the supply chain with instant access to current and historical market information, including over 800 livestock, poultry, and grain reports.
Market dynamics and consumer shifts support U.S. beef.
AgriTalk’s Chip Flory is accompanied by Iowa Cattlemen’s CEO Matt Deppe on Tuesday as they discuss the new Cattle Price Discovery and Transparency Act that U.S. Senators are expected to propose in coming days.
CoBank estimates meat supplies at grocery stores could shrink nearly 30% by Memorial Day, leading to prices rising by as much as 20%. Some cattle producers say they are barely hanging on due to futures prices.
Dr. Pat Westhoff joins AgriTalk’s Chip Flory to share his spin on the latest trends in crop markets, livestock outlooks and projections for net farm income.
The senator supports legislative action because of concerns that small producers are losing money on cattle due to being unable to spot market.
An unprecedented meeting held in May among major cattle industry representatives, typically at odds, has produced plans for change and calls for answers from U.S. lawmakers. Keep up with the latest on this page.
Driven by higher estimates for pork, the China total meat import forecasts were revised up for both 2020 and 2021, according to the USDA Livestock and Poultry World Markets and Trade report.
Estimated cattle industry losses due to COVID-19 will reach $13.6 billion, according to a study by ag economists conducted to assist USDA in determining how best to allocate CARES Act relief funds to cattle producers.
Strong global, domestic demand provides a bright spot for U.S. grain.
The indefinite closure of Tyson’s Holcomb, Kan., facility creates the potential the cattle “marketing pace will slow down and carcass weights will increase.”
Cash fed cattle rallied $3 to $5 per cwt. for the week ending July 12, jumping from $109 in the pre-holiday week to $114 to $116 on Friday.
April placements of cattle on feed totaled 9% more than a year ago, with marketings 7% higher.
Rabo AgriFinance says the live cattle and feeder cattle markets are out of balance right now; a sign that lower feeder cattle prices could be on the horizon.