Monthly Reports

Cattle Outlook: Retail beef prices reach new monthly high

The government now says the economy grew at a 2.8% rate during the fourth quarter of 2010 rather than the 3.2% pace they had reported earlier. Slow growth is not good for meat demand. The unemployment rate is at 9% and gasoline prices are above $3/gallon. If cattle prices are going to get as high as the futures market is predicting, consumer demand must be stronger than last year. Maybe it will be. FULL STORY »

Cold Storage: Red meat in freezers up 8 percent

Total red meat supplies in freezers were up 8 percent from both the previous month and last year. Frozen pork supplies were up 14 percent from the previous month and up 10 percent from last year. FULL STORY »

The United States a net exporter of beef in 2010

U.S. beef exports for 2010 totaled 2.3 billion pounds, a 19-percent year-over-year increase, and, for the first time, by a narrow margin the United States was a net exporter of beef. FULL STORY »

Beef export forecast is raised, higher cattle prices on tight supplies

The estimates of 2010 red meat and poultry production are adjusted from last month to reflect December production estimates. The production forecasts for 2011 are raised for beef, broilers, and turkey, but lowered for pork. Cattle placements during December were large and will result in higher-than-previously forecast slaughter in id-2011. FULL STORY »

Cold Storage: Total Red Meat Supplies Increase

Frozen food stocks in refrigerated warehouses on December 31, 2010 were greater than year earlier levels for chicken, eggs, cheese, beef and pork.

Butter stocks were up 17 percent from last month but down 38 percent from a year ago.
FULL STORY »

Milk Production Estimates Are Unchanged, Low Butter Stocks

The milk production estimate for 2010 and forecast for 2011 are unchanged from last month. Ending stocks for 2010 are reduced due to expected low stocks of butter and nonfat dry milk (NDM) at the end of the year.
FULL STORY »

WASDE: Pork Production Estimates Fall, Hog Prices Up For 2011

The estimate of 2010 red meat and poultry production is raised from last month, reflecting higher production of beef, pork, broilers, and turkey. The forecast of production for 2011 is also raised for beef and broilers, but lowered for pork.
FULL STORY »

WASDE: Beef Production Up, Cattle Prices To Increase

The estimate of 2010 red meat and poultry production is raised from last month, reflecting higher production of beef, pork, broilers, and turkey. The forecast of production for 2011 is also raised for beef and broilers, but lowered for pork.
FULL STORY »

WASDE: Soybean Production Is Projected To Fall 46 Million Bushels

U.S. oilseed production for 2010/11 is estimated at 100.5 million tons, down 1.2 million from last month. Lower crops for soybeans, sunflowerseed, and canola are only partly offset by increases for peanuts and cottonseed.
FULL STORY »

WASDE: Ending Corn Stocks To Decrease 87 Million Bushels

U.S. feed grain supplies for 2010/11 are projected down reflecting lower corn production. U.S. corn production is estimated 93 million bushels lower as a 1.5-bushel-per-acre reduction in the national average yield outweighs a 183,000-acre increase in harvested area.
FULL STORY »

Cold Storage: Red Meat Supplies Down From Last Year, Butter 51% Lower

Butter stocks were down 36 percent from last month and down 51 percent from a year ago. FULL STORY »

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