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Boxed Beef Report: Beef prices fall after holiday

Choice boxed beef prices dropped over the weekend, falling from $250.27 on Friday to $247.96 on Monday. The $2.31 drop resulted in the 27-day average price settling at $251.16. Select boxed beef prices saw a steeper fall of $3.16 to hit $245.26. The 27-day average now sits at $244.71.

Choice primal rib saw no movement over the weekend, staying at $350.19 on Monday. Chioce primal loin and choice primal chuck both saw large falls of $5.12 and $2.18, respectively. Chioce primal brisket was the only cut that saw an increase of $2.96 to hit $173.03.

News

India's push to save its cows starves Bangladesh of beef

Some 30,000 Indian soldiers guarding the border with Bangladesh have a new mandate under Prime Minister Narendra Modi's government this year - stop cattle from crossing illegally into the Muslim-majority neighbor.

Markets

Cattle Outlook: Cattle slaughter up from last week

The U.S. economy added 223,000 jobs in June and the number of people in the labor force declined by 432,000. This combination pulled the unemployment rate down to 5.3%. Overall the numbers indicate continuing slow growth.

News

Ag students landing jobs just 6 months after graduation

Ninety-two percent of recent graduates of the College of Food, Agricultural, and Environmental Sciences at The Ohio State University report either having a job or being enrolled in an advanced degree program within six months of graduation.

Markets

Feeder Cattle Review: Cattle futures volatile

Compared to last week, there was some early fireworks show on this holiday shortened week with a volatile ride in the cattle futures and major moves in the grain trade. Several auctions held special yearling sales this week, on Monday yearling feeders were mostly steady to 3.00 lower at two of the major auctions at the Oklahoma National Stockyards in Oklahoma City with 6,660 head and Joplin Regional Stockyards offering 5,395 on a yearling special. On Tuesday feeder contracts traded limit to near limit lower and auctions responded with caution flags waving with several auctions 5.00-10.00 lower.

Industry

Miner Institute: Getting research on the right track

Recently the National Research Council (NRC) published an important report entitled “Critical Role of Animal Science Research in Food Security and Sustainability.” The NRC is our nation’s pre-eminent research body and has a long history of publishing insightful reports on science and society. Some have been highly influential while others have languished with seemingly little impact. This latest report lays out a compelling vision for the needed research in animal agriculture to sustain future U.S. and global food production systems.

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