Grimes and Plain

Cattle Outlook: Beef cutout value, fed cattle prices improve

05/18/2012 2:49:42 PM

Problems with sovereign debt in Europe have caused both the value of the Euro and stock markets to decline in value. ... Full story.

Cattle Outlook: Cattle prices recover, beef cutout a bit lower

05/04/2012 2:44:47 PM

Cattle prices have weathered the announcement of a fourth U.S. cow with BSE quite well. The June live cattle futures contract ended the week at $115.37/cwt, up $2.52 from last Friday. ... Full story.

Cattle Outlook: Fed cattle prices lower, packer margins improve

04/27/2012 3:21:43 PM

The big news item for the week was USDA's announcement on Tuesday that a fourth U.S. cow with BSE (mad cow disease) had been found, this time in California. ... Full story.

Cattle Outlook: Beef prices reach 2nd highest ever

03/23/2012 4:14:27 PM

The average price of choice beef at retail during February was $5.045 per pound, down 4.8 cents from the month before, but up 42.7 cents from a year ago. February's average beef price was the second highest ever. The last time beef prices were below year-ago was February 2010. ... Full story.

Cattle Outlook: Beef demand up 4% in December, 1% for all of 2011

01/27/2012 2:40:37 PM

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. ... Full story.

Cattle Outlook: Cattle prices soar in 2011 on international trade

01/20/2012 2:49:56 PM

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. ... Full story.

Cattle Outlook: Prices surpass record highs set last year

12/31/2011 8:37:35 AM

Cattle prices were record high this year. Based on preliminary data, slaughter steers averaged $114.85/cwt of live weight. ... Full story.

Cattle Outlook: U.S. beef exports up 10.7% from 2010

12/16/2011 3:30:01 PM

U.S. beef exports during October were up 10.7% compared to a year ago and beef imports were down 4.4%. During the month, we exported 70 million pounds more beef than we imported ... Full story.

Cattle Outlook: USDA says 2012 U.S. beef down 4.6 percent

12/09/2011 3:29:40 PM

USDA is now predicting that 2012 U.S. beef production will be down 4.6% compared to this year. They also predict 2012 broiler production to be down 2.1%, but pork production is expected to be up 1.7% and turkey production up 0.7%. ... Full story.

Cattle Outlook: Beef exports up 27% in first 3 quarters of 2011

11/18/2011 2:11:57 PM

The World Trade Organization has determined that the U.S. Country of Origin Labeling rules (COOL) are "inconsistent with the United States' WTO obligations" in part because they afford less favorable treatment to imported Canadian cattle and hogs. I assume this means the COOL regulations will change, eventually. ... Full story.

Cattle Outlook: USDA reduces 2012 meat production by 5 percent

11/11/2011 2:48:41 PM

USDA's November crop report lowered their estimate of the 2011 corn crop yield by 1.4 bushels to 146.7 bushels per acre. ... Full story.

Cattle Outlook: Fed cattle prices higher this week

11/04/2011 2:41:41 PM

Japan is moving to increase from 20 months or younger to 30 months or younger the allowable slaughter age of U.S. and Canadian cattle that can supply beef to Japan. ... Full story.

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