Beef Retail

Beef demand is the key to cattle prices in 2012

Beef and cattle prices increased to new record levels in 2011 and are expected to push even higher in 2012. Several years of declining cattle inventories culminated in late 2011 with a projected 3.0 percent decrease in slaughter that combined with lighter carcass weights to result in a 3.8 percent less beef in the fourth quarter of 2011 compared to a year earlier. For 2012, slaughter is forecast to drop another five plus percent and, even with an expected increase in carcass weights, will result in a nearly four percent drop in beef production for the year. FULL STORY »

Beef makes it big on "Wheel of Fortune"

A group of South Dakota beef supporters has been successful in getting $1,000 in Beef Bucks on the "Wheel of Fortune". FULL STORY »

Blizzard in Plains disrupts beef output

The first blizzard of the season has dumped as much as 15 inches of snow in the southern Plains, disrupting beef production, and halting business in the cash cattle markets. FULL STORY »

Premium Market Snapshot: Wholesale rib prices

Welcome to the Premium Market Snapshot – a series of market commentaries focused squarely on trends in quality grading and in the production and sales of high-quality beef. This snapshot explores the spread between the USDA Prime and Select cutout values. This snapshot explores pricing trends of wholesale ribs. FULL STORY »

2011 - A year of record growth for U.S. beef exports back

Beef exports were up 27 percent over a year ago at the end of September reports USDA. Most of this growth was the result of strong demand in Asia, where exports to Japan and South Korea were 36 and 47 percent higher than a year ago. Beef exports to Japan and South Korea alone at the end of the third quarter for 2011 accounted for 31 percent of the total U.S. beef exports. FULL STORY »

Foreign demand for U.S. beef to remain strong into 2012

U.S. beef exports for 2011 continue to remain robust. Twenty-one-percent growth is expected this year as beef exports are forecast at 2.78 billion pounds. FULL STORY »

FAO: World food price fall slows in November

World food prices dipped month-on-month in November but remained at high levels with further scope to rise due to future supply concerns, the United Nations' food agency said on Thursday. FULL STORY »

Premiums for beef: The value of traceability Play video

University of Nebraska meat scientist Chris Calkins, PhD, says new research data indicates restaurant customers prefer and will pay premiums for steaks identified back to their ranch of origin. FULL STORY »

McDonald’s ad campaign will feature producers

McDonald’s plans to present an ad campaign in 2012 that will feature farmers and growers that supply the products. “We will bring to the consumer, the folks who are actually producing the product,” says Debbie Roberts, vice president and general manager of McDonald’s Midwest Region. FULL STORY »

More choices, less Choice beef

Trying to please every beef customer takes more of the best FULL STORY »

CME Group: Good news and bad news for the restaurant industry

To be in the restaurant business you have to be an optimist. During the recession, restaurant operators were mostly upbeat about future business prospects even as actual conditions remained very negative. FULL STORY »

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