Cattle Outlook
Cattle Outlook: USDA lowers 2012 beef production
USDA has lowered their forecast of 2012 beef production by 80 million pounds and raised their forecast of fed cattle prices by $2.50/cwt. They are now predicting the average price for slaughter steers this year will average between $124 and $131/cwt.
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Cattle Outlook: Beef cutout values at new record highs
Fed cattle prices set new record highs this week. Sales volume was moderate.
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Cattle Outlook: Grocery store beef prices re-set record high
Grocery store beef prices during January were record high for the fifth month in a row. Retail choice beef prices averaged $5.093 per pound last month.
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Cattle Outlook: 2011 an excellent year for US beef exports
The February live cattle futures contract settled at $128.60/cwt today, up $4.65 compared to last Friday and the highest close ever for the nearby live cattle futures contract.
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Cattle Outlook: USDA increases 2012 beef production estimate
USDA's February supply and demand estimates raised the forecast for corn and wheat exports and lowered the expected market year ending stocks of both crops.
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Cattle Outlook: Calf crop down for 16th consecutive year
USDA’s January cattle inventory survey said there were 90.8 million cattle in the U.S. at the start of 2012.
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Cattle numbers lowest since 1952
The numbers in the USDA’s January 1 cattle-inventory report, released on January 27, suggest continued short supplies and high prices for calves and feeder cattle. The report also hints, however, that the trend toward herd reduction could be starting to turn around.
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Cattle Outlook: Beef demand up 4% in December, 1% for all of 2011
Retail beef prices set a new record in December for the fourth month in a row. The average grocery store price for choice beef was $5.016 per pound, up 1.5 cents from November and 57.8 cents higher than in December 2010.
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Cattle Outlook: Cattle prices soar in 2011 on international trade
U.S. cattle prices were record high in 2011 and a good portion of the credit goes to international trade. The U.S. exported more beef in the first 11 months of 2011 than in any previous calendar year.
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Cattle Outlook: Fed cattle prices, cattle slaughter up this week
USDA's January World Ag Supply and Demand Estimates (WASDE) were noted for the larger-than-expected estimate of 2011 corn production and 2012 ending stocks.
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Cattle Outlook: Prices surpass record highs set last year
Cattle prices were record high this year. Based on preliminary data, slaughter steers averaged $114.85/cwt of live weight.
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- Corn futures relapse in wake of Wednesday's rally
- Commentary: Kiwi controversy
- Cattle Markets: Cattle prices up with seasonal rates
- NASA backs 3D food printer to feed growing population
- Some South Dakota livestock auctions entering the digital world
- Former Eastern Livestock CEO, CFO sentenced for federal crimes
- Post-tornado composting a solution for disposal of dead livestock
- Michigan hay buyers should plan purchases early
- Seven jobs more dangerous than farming
- New animal identification rules aid disease traceability
- More beef cows in worst drought regions than a year ago
