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Beef production is looking to increase from original projections, while exports are dropping off a bit.
The picture being painted for 2015 is a market drop off in cattle demand and beef production.
After a record setting year what do beef producers have to look forward to in 2015?
Rabobank has issued a new report on the global beef industry, looking at continued tight global supply of cattle and beef in Q4 2014.
October 2014 beef exports were up 2 percent year-on-year to 242.2 million pounds and export value reached a record-high $687.1 million – up 22 percent from a year ago.
U.S. beef production is projected to be lower than originally expected for 2014.
Lower priced gas and more people working is a good thing for beef producers.
Demand for grass cattle has helped keep the price of weaned calves high.
Record high beef and fed cattle prices are still the norm.
Cattle feeders have been fairing alright with higher live cattle prices, but packers aren’t doing so well.
Data indicates continued strong consumer demand for beef, both domestically and for exports.
Less beef production but prices should continue to rise, according to USDA.
Beef and cattle prices dropped this past week, but it’s still a profitable time to be in the beef industry.
Now is the time to consider rebuilding the herd, but holding onto cows could be risky.
Record high feeder cattle prices could make profitability difficult in the coming months.
Cash fed cattle prices reached new record levels Thursday with trades at $170 per cwt.
Record high cattle prices have been pretty common place this past year.
Cattle futures set record highs last week, while Choice cutout beef prices saw an increase.
A new tool is available to beef producers when pricing beef carcasses for consumers.
Meat demand is still on the rise despite record high prices.
Cold storage across the U.S. is seeing less and less beef, along with pork, chicken and turkey.
The fed cattle and boxed beef market slowed down this past week.
Cattle futures markets burst out of the gate early this week, setting record highs for both Live Cattle and Feeder Cattle.