Plain and Brown

Cattle Outlook: March beef exports up 47 percent

Beef exports during March totaled 245.288 million pounds, up 46.5% compared to a year earlier and the second largest monthly total ever behind 259.2 million pounds exported in June 2003. Beef imports during March totaled 175.01 million pounds, down 21.0% from 12 months earlier. FULL STORY »

Cattle Outlook: Fed cattle prices sink for second week

There was some good news on the economy this week. The Bureau of Labor Statistics says 244 thousand jobs were added in April, the biggest monthly increase since May. The unemployment rate increased from 8.8% to 9.0% due to a surge in people re-entering the labor market. FULL STORY »

Cattle Outlook: Cattle slaughter down 5% from previous week

Both cattle and beef prices were lower this week. On Friday morning the choice boxed beef carcass cutout value was $182.88/cwt, down $3.40 from last week. FULL STORY »

Cattle Outlook: Slaughter steers reach record price

USDA’s April cattle on feed report said that placements during March were 3.3% above year-ago and marketings were 4.5% higher than in March 2010. The number of cattle on feed April 1 was up 5.0%. These numbers are slightly more bullish than the trade predictions. FULL STORY »

Cattle Outlook: Beef exports 25.4% higher

Beef trade continues to be very favorable. Beef exports during February were 25.4% higher than 12 months earlier and beef imports were 16.5% lower. The big growth markets for beef exports were South Korea, Japan and Canada. Canada, Australia and Brazil account for the drop in beef imports. FULL STORY »

Fed cattle prices improve on last week’s record

The April WASDE report increased USDA’s forecast of the average live price of slaughter steers in 2011 by $3.50/cwt to a range between $109/cwt and $114/cwt. FULL STORY »

Cattle Outlook: Fed cattle remain at record level

It was a great week to be selling cattle. Fed cattle prices are at a record level. The 5-area daily weighted average price for slaughter steers sold through Thursday of this week on a live weight basis was $121.57/cwt, up $7.32 from a week earlier. This breaks the record of $117.89 set three weeks earlier. FULL STORY »

Cattle Outlook: Frozen beef supplies largest in 2 years

The amount of beef in cold storage at the end of February, 468 million pounds, was up 1.3% from the month before and up 15.6% compared to a year earlier. Frozen beef supplies are the largest since January 2009. As a general rule, increasing stocks of frozen beef is a negative for price, but it doesn't appear to be hurting prices this year. FULL STORY »

Cattle Outlook: U.S. beef exports surge

U.S. beef exports are continuing at a fast pace. January beef exports totaled 190.6 million pounds, up 37 million pounds (24%) compared to January 2010. Japan and South Korea both purchased at least 10 million pounds more U.S. beef than during January 2010. FULL STORY »

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 »

Cattle Outlook: U.S. beef exports trumped imports in 2010

U.S. beef imports were down 12.5% last year while beef exports were up 18.9% compared to the year before. For the first year since 1947, the U.S. exported more beef in 2010 than we imported. In total, 2010 beef exports equaled 8.74% of U.S. beef production and imports equaled 8.73% of our production. FULL STORY »

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