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Cattle and Beef Markets

2017 May 12
Cash fed cattle had taken a hit last week. Over 77,000 head had been confirmed sold by Thursday at live prices of $135-140 down $4-12 compared to the prior week. Dressed prices were a different matter however. The roughly 26,000 head that sold by Wednesday saw dressed prices of $220-224, however, by close of trade Thursday, those prices.


2017 May 5
The U.S. is the fourth largest beef exporting country and the largest beef importing country. The U.S. is often a net importer of beef, with the quantity of beef imports exceeding beef exports. Occasionally, beef exports exceed the quantity of beef imports.
2017 May 5
Last year, South Korea was the second-largest importer of U.S. beef by volume at 454.68 million pounds, representing almost 18 percent of total U.S. beef exported. Trade to South Korea was second only to Japan by volume and eclipsed the third-largest importer (Mexico) by a decent margin.
2017 May 5
“There’s nobody who expected this kind of rally, but you can see that there are reasons for it,” said Jim Robb, director and senior economist of the Livestock Marketing Information Center. He cited unseasonal drops in cattle weights and surprising consumer demand behavior as just a pair of the numerous fundamentals behind this current market.
2017 May 5
Most of last week’s cash trade got done on Wednesday. Though not even a third of the Fed Cattle Exchange’s slim 1,745-head offering sold, the prices helped light the fuse for the rest of the day’s trade. By the time the dust had settled on Wednesday’s market, over 70,000 head had been confirmed sold.
2017 May 5
In a prepared statement, Trump said, “it is my privilege to bring NAFTA up to date through renegotiation. It is an honor to deal with both President Peña Nieto and Prime Minister Trudeau, and I believe that the end result will make all three countries stronger and better.


by USDA
2017 May 5
USDA’s Supplemental Nutrition Assistance Program (SNAP, previously called food stamps) serves a large and diverse population of low-income households. In a typical month in fiscal 2015, SNAP provided average monthly benefits of $127 per person to 45.8 million people living in 22.
2017 May 5
April’s survey asked producers about their expectations for crop prices over the next year. While 54 percent said they expected prices to be about the same in 12 months, another 27 percent expected lower soybean prices. Only 17 percent said they expect soybean prices to be higher.
by USDA
2017 May 5
The Economic Research Service (ERS) uses inputoutput analysis to calculate the farm and marketing shares from a typical food dollar, including food purchased at grocery stores and at restaurants, coffee shops, and other eating out places.
2017 April 21
Cattle buyers got down to business last week and that business was likely pleasing to cattle feeders. By close of trade last Thursday, over 114,000 head of cash fed cattle had been confirmed sold on the negotiated market. Prices Thursday reached $129-134 live and $208-220.
2017 April 21
In the fall of 2016, the Chinese government indicated a willingness to open China to U.S. beef. Although talks have been ongoing, no agreement has been reached on protocols for U.S. beef to move into the Chinese market. The Trump administration recently reaffirmed that talks will continue under the new U.
2017 April 14
“The rally in the cattle futures market has narrowed a near-historically wide basis and the sellers are resistant to the shift,” noted Andrew Gottschalk of Hedgers Edge last Thursday morning, accurately predicting that the closure of the futures markets for Good Friday might spur cash activity at higher levels by Thursday’s close.


2017 April 14
Trump’s plan calls for a 21 percent reduction to the USDA and includes cutting staff at agricultural service offices, along with statistical reports on crop prices and production levels that some farmers and others in the agricultural community rely on.
by USDA
2017 April 14
Former Soviet Union countries, Russia, Ukraine and Kazakhstan experienced significant contractions in meat production in the 1990s and early 2000s. This trend reversed since 2005, with meat production over 70 percent greater in 2011-15 than the low point in 2001-05.
2017 April 7
“Not all is desperate in the cattle industry right now,” said Troy Vetterkind of Vetterkind Cattle Brokerage last week. “As feedlots remain quite current, dressed cattle weights are either side of 25 lbs. below a year ago, and beef exports continue to run well above yearago levels (albeit a little slower right now).


2017 March 31
It seems last week was the week of trade talk about China and the world. As President Donald Trump prepared to meet with Chinese President Xi Jinping later this week, beef industry groups and trade-related organizations issued a flurry of letters and reports on the topic.


2017 March 31
By close of trade last Thursday, over 32,000 head had been confirmed sold in the cash fed cattle markets. Prices paid ranged from $124-132 live and $205-208 dressed. These prices were several dollars cooler than the previous week’s $210-215 live and $204-210 dressed prices.


by USDA
2017 March 31
Over the last 50 years, food-at-home prices have, on average, risen 4 percent annually. However, year-to-year price changes have varied over time. High food price inflation in the 1970s—price increases as large as 16.4 and 14.


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