Menus using goat meat are leaping beyond ethnic restaurants to high-end outlets, as restaurateurs and retailers hunt for alternatives to beef - an expensive option, even though wholesale prices are off last summer's record highs.
Compared to last week, yearlings traded mostly 2.00-5.00 lower, with calves selling unevenly steady. Weather curtailed receipts throughout much of the Southwest and Southeast as snow/ice storms moved across the trading areas.
Prices across most U.S. regions increased week-over-week.The largest increase in prices occurred in the Northeast, as continued cold temperatures and snow accumulation were setting records, particularly in the New England states. Prices were elevated at most trading hubs with the exception of the Midwest, where prices originally spiked on Wednesday last week and then moderated by the end of the report week.
Food labels that emphasize how animals are treated and cared for on the farm or ranch are becoming more widely recognized in grocery stores across the United States. When asked what a “humanely raised” label means to you, 55% of respondents chose the “only better treatment of animals” option and almost 30% chose “all of above: better treatment of animals, safer food, and more nutritious and healthy food.”
Cattle prices should remain strong for 2015, after a brief dip during the past two months, according to an LSU AgCenter beef cattle economist. “Auction barn prices have been down but they’ve rebounded over the past couple of weeks,” said LSU AgCenter economist Ross Pruitt.