Top 10 things we learned this week (August 25th)

New Mexico Has The Cheapest Pasture In The U.S.

New Mexico has the cheapest pasture in the United States followed by Montana and Oregon.   The average value for pasture in the United States is $1,330/acre in 2015, up $30 from 2014.   More...

Brazil Has Exported Twice As Much Beef As The U.S. Since 2004

The United States and Brazil exported nearly the same amount of beef in 2003.   Brazil has exported more than twice as much beef as the United States from 2004 - 2015.   Brazil has exported 21.3 million metric tons of beef from 2004 - 2015 compared to the United States at 10.34 mmt.  More...

Cattle On Feed Placements & Marketings Record Low In July

Placements in feedlots during July totaled 1.55 million head, 1 percent below 2014. Net placements were 1.49 million head. Placements are the lowest for July since the series began in 1996.  More...

Beef In Cold Storage Up 24% From Last Year

The August Cold Storage report showed that beef stocks in cold storage were down from June but were 24 percent above year ago levels.  This is a continuation of the large beef stocks that began building about one year ago after beef stocks had been drawn to very low levels in early 2014.   More...

U.S. Beef Imports Projected To Exceed Exports By 1.1 Billion Pounds

Expectations for U.S. net exports of beef continue to decline, with projections released by USDA this week now pegging the U.S. as a 1.1 billion pound net importer of beef this year.  More...

Calf Prices Have Increased 9% From August To November For The Past 5 Years

Last year, 400-500 pound steer prices increased 12 percent from August to November and, in fact, these calf prices have averaged a 9 percent price increase from August to November for the last five years.  The 10-15 year average is an increase of 3 percent from August to November.  More...

Retail Ground Beef Prices Over $4 For 12 Straight Months

Retail ground beef prices in July decreased 2 cents to $4.20/lb. Prices have averaged $4.21/lb in 2015. This is the 12th month in a row that retail ground beef prices have been over $4.   More...

Record Hay Yield Projected For 2015; 3rd Highest Production

Production of other hay is forecast at 80.0 million tons, up 2 percent from 2014. Based on August 1 conditions, yields are expected to average 2.09 tons per acre, up 0.06 ton from last year. If realized, the 2015 average yield will be a record high and production will be the third highest on record behind 2004 and 2003.

July 1 Cattle Inventory Increases For The 1st Time Since 2006

All cattle and calves in the United States as of July 1, 2015, totaled 98.4 million head, 2 percent above the 96.3 million on July 1, 2014. The last time all cattle and calves inventory for July 1 increased was 2006.  More...

Choice Beef Price 3.24 Times Larger Than Chicken

The July choice retail beef price declined for the second consecutive month to $6.37 per pound. This is only the second time that the retail price has declined in consecutive months since September 2012. The choice beef retail price was 1.69 times larger than the pork retail price in July, and 3.24 times larger than the composite chicken retail price.  More...