Plain and Brown

Cattle Outlook: Placements Up, Boxed Beef Cutout Value Lower

USDA's latest Cold Storage report indicates there was 441 million pounds of beef in cold storage at the end of November. This was 6.3% more than the month before and 2.3% more than a year earlier. Frozen stocks of chicken were also up while the amounts of pork and turkey in cold storage were down compared to a year earlier.
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Hog Outlook: Swine Breeding Herd Declines, Frozen Pork Down

USDA's December Hogs and Pigs reports said the swine breeding herd was down 1.2% at the start of December and the market hog inventory was down 0.8% compared to December 1, 2009. USDA said fall farrowings were down 2.3% and predicted winter farrowings would be down 0.6% and spring farrowing would be 2.3% lower than for March-May 2010.
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Hog Outlook: Lower U.S. Pork Exports, Prices End Higher

The average price of pork in grocery stores last month was $3.32 per pound, the second highest month ever. November retail pork prices were down 4.3 cents from October, but 50.2 cents higher than in November 2009.
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Cattle Outlook: Beef Imports Drop, Tight 2011 Beef Supply

Beef exports have exceeded imports only five times since 2003. During October, for the second month in a row, the U.S. exported more beef than we imported.
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Hog Outlook: Heavier Hog Weights, USDA Meat Production Forecast Up

Ever since the new crop corn hit the feed bins, hog slaughter weights have been heavy. The average carcass weight of barrows and gilts slaughtered the week ending November 27 was a record 206 pounds, one pound heavier than the previous week and 5 pounds heavier than a year ago.
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Hog Outlook: Heavier Hog Weights, USDA Meat Production Forecast Up

Ever since the new crop corn hit the feed bins, hog slaughter weights have been heavy. The average carcass weight of barrows and gilts slaughtered the week ending November 27 was a record 206 pounds, one pound heavier than the previous week and 5 pounds heavier than a year ago.
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Cattle Outlook: USDA Meat Production Forecast Climbs, Boxed Beef Cutout Value Steady

USDA has revised upward their forecast of meat production in both 2010 and 2011. They are now estimating 2010 red meat and poultry production at 91.6 billion pounds. That is up 0.8% from 2009 and up 0.6% from their November estimate.
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Cattle Outlook: USDA Meat Production Forecast Climbs, Boxed Beef Cutout Value Steady

USDA has revised upward their forecast of meat production in both 2010 and 2011. They are now estimating 2010 red meat and poultry production at 91.6 billion pounds. That is up 0.8% from 2009 and up 0.6% from their November estimate.
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Cattle Outlook: Boxed Beef Cutout Jumps, Slaughter Total Up

The U.S. economy added fewer jobs than expected during November and the unemployment rate climbed to 9.8%, the highest in seven months. This is not good news for meat demand. Retail meat prices have been fairly high in recent months, not because of strong demand, but because of small supplies.
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Hog Outlook: Prices End $4 Higher, Frozen Pork Down

Hog prices ended the week nearly $4 higher than the week before. The national weighted average carcass price for negotiated hogs Friday morning was $65.19/cwt, up $3.82/cwt from the previous Friday.
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Cattle Outlook: Boxed Beef Cutout Up, Slaughter Total Increases

U.S. beef exports during September were up 14% compared to 12 months earlier. September beef imports were down 12%. The U.S. exported 29 million more pounds of beef than we imported during the month.
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MECHRON 2200

Powerful, strong, fast and comfortable, there’s a reason why the KIOTI Mechron 2200 is called the Ultimate Transport Vehicle™. Featuring ... Read More

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