Applications are now being accepted for the 2016 Cattle Industry Convention and National Cattlemen’s Beef Association Trade Show internships. If you are a college junior or above and are interested in being a part of the cattle industry’s largest event you are encouraged to apply.
Choice boxed beef saw a slight increase on Friday of 44 cents to hit $240.63, a welcome change after the continuous drops throughout the week. The 27-day average price now rests at $241.06. Select boxed beef saw a jump from $228.01 on Thursday to $229.15 on Friday, a $1.14 increase that brought the 27-day average price to $232.42.
U.S. cattle producers are responding to recent record-high prices by expanding their herds, but Americans’ appetite for beef will play a crucial role in how the larger supply will play out for the producer’s bottom line, according to a Kansas State University agricultural economist.
Economic headwinds continued to slow U.S. pork and beef exports in July, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). July pork exports totaled 166,604 metric tons (mt), down 4 percent from a year ago and the smallest since January.
Prices outside the Northeast are fairly flat. The hot summer weather continues for most of the nation. Temperatures increased throughout the report week in the central and eastern parts of the country, although on the West Coast, temperatures moderated.
Live cattle prices increased 37 cents on Thursday to hit $141.60, bringing the 27-day average price to $146.20. Feeder cattle prices jumped on Thursday from $200.75 on Wednesday to $202.55 on Thursday. The $1.80 increase brought the 27-day average price to $210.47.
Lean hog prices dipped on Thursday, falling 33 cents to $69.45, bringing the 27-day average to $72.
Corn dropped six cents to $3.48, while wheat saw a huge fall drop of 16 cents to $4.57.
While expanding from the original Fullblood Akaushi females and bulls imported from Japan, the American Akaushi breed registry now contains over 60,000 recorded animals consisting of both breeding and terminal stock. Most importantly, each of those recorded animals have been source verified by DNA.