Plain and Brown

Cattle Outlook: USDA forecasting drop in 2012 beef production

The August supply and demand report lowered USDA’s forecast of the 2011 corn crop by 556 million bushels and raised their corn price estimate to between $6.20 and $7.20 per bushel. They are predicting that for the first time ever, feed will not be the primary use for the U.S. corn crop. FULL STORY »

Uneasiness about the economy is a real concern for the cattle industry

The financial markets captured all the attention this week as the President signed a bill to increase the debt ceiling, the stock market crashed, and the unemployment rate stayed above 9%. FULL STORY »

Cattle Outlook: Calf crop predicted down for 16th year

USDA's July cattle inventory report said the midyear cattle inventory was down 1.1% compared to July 1, 2010 and predicted the 2011 calf crop would total 35.5 million head, down 0.5% from last year, down for the 16th consecutive year, and the smallest calf crop since 1950. FULL STORY »

Cattle Outlook: Retail beef demand index climbs

Choice beef prices at retail averaged $4.809 per pound in June, down 6.3 cents from May, but up 31.8 cents from June 2010. The 5 area market price for steers averaged $107.20/cwt in June, down $3.10 from May, but $9.20 above June 2010. FULL STORY »

Cattle Outlook: Beef exports above last year’s levels

During May U.S. beef exports were up 15% and beef imports were down 15% compared to a year earlier. The U.S. exported 11.0% of our May beef production while imports equaled 9.3% of production. FULL STORY »

Cattle Outlook: Unemployment rate concerning for economy, beef demand

The U.S. unemployment rate rose for the third consecutive month reaching 9.2% in June. Non-farm payroll increased by only 18,000 during the month. This is obviously not good news for the economy or for meat demand. FULL STORY »

Cattle Outlook: Cattle herd shrinking, prices higher

The weak economy, high corn prices, and drought in the southern plains are likely reasons for the continuing cattle herd decline. FULL STORY »

Cattle Outlook: Fed cattle and boxed beef prices improve

Fed cattle prices were higher for the second week in a row. The 5-area daily weighted average price for slaughter steers sold through Thursday of this week on a live weight basis was $112.17/cwt, up $2.86 from last week. FULL STORY »

Cattle Outlook: June COF placements drop 11%

USDA's June cattle on feed report said placements during May were down 10.8% compared to a year ago. May marketings from large feed yards were up 7.3%. The number of cattle on feed at the start of June was up 4.1% compared to the same day last year. FULL STORY »

Cattle Outlook: Fed cattle prices lower for 5th week in a row

The trade has been expecting a drop in the number of cattle being placed on feed. After all, USDA says the 2010 calf crop was smaller than the year before for the 15th consecutive year. FULL STORY »

Cattle Outlook: Cattle on Feed placements climb

Retail beef prices set a new record last month. The average price of choice beef in grocery stores during April was $4.821 per pound, up 7.4 cents from March and 38.1 cents higher than in April 2010. This was the fourth consecutive month with record beef prices. FULL STORY »

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