U.S. Projected To Consume 20% Of The World's Beef

The United States is the largest consumer of beef in the world followed by Brazil and the European Union.  The world is projected to 56.739 million metric tons of beef in 2015.  The United States is projected to consume roughly 20% of the beef produced in the world.  More...

Canada To Replace China As Largest U.S. Export Market

The forecast for China is $20.5 billion, which is $2.0 billion lower than the fiscal 2015 forecast, and Canada is forecast to replace China as the largest U.S. export market.   More...

Farm Income To Drop $33 Billion In 2015

Net farm income (NFI) is forecast to decline for the second consecutive year, after reaching recent historic highs in 2013. NFI is expected to fall nearly $33 billion (36 percent) from 2014’s estimate to $58.3 billion in 2015.  More...

Beef Export Value To Remain Record High In 2016

Fiscal year 2016 grain and feed exports are forecast at $32.4 billion, up $1.1 billion from the 2015 forecast, driven by higher grain volume despite mostly lower prices.  More...

Record Ag Imports Projected In 2016

U.S. agricultural imports in 2016 are forecast at a record $122.5 billion, $7.0 billion higher than fiscal 2015. Increases in import values are expected for most products in 2016, with the largest gains in horticultural, and sugar and tropical products.  More...

835 Pound Steers Sell For $206.23

At the Sheridan Livestock Auction in Rushville, NE near 3700 yearlings on offer Wednesday with 465 head of top quality yearling steers averaging 835 lbs selling with a weighted average price of 206.23 and 120 fancy yearling steers weighing 950 lbs sold at 207.00.  More...

Beef Prices Projected Up 2.5 - 3.5% In 2016

Recent rains in the Southern Plains and Southwest have improved pasture conditions in the short term. In addition, lower feed prices allow cattle producers to feed cattle longer and to hold cattle for herd expansion. ERS predicts beef and veal prices will increase 5.5 to 6.5 percent in 2015 and 2.5 to 3.5 percent in 2016.   More...

Dow Makes 3rd Biggest Jump In History

At this point, cattle prices have had the most downside going forward, however there was good news on Wednesday as the Stock Market regained its footing after an extended rout, and surged to close over 600 points higher to snap a six-session losing streak.  This was the Dow’s third-biggest point gain in history.   More...

Cutouts Remain Firm In Wake Of Plummeting Commodity Prices

The one market that was not turned upside down this week was the beef market. Both the Choice and Select cutout price stood fairly firm this week in the wake of plummeting commodity prices. There is no guarantee they will continue to be a support for the fed cattle and feeder cattle market, but it does provide some solace that the sky is not actually falling on the beef industry. Beef prices are not expected to make any big moves the next several weeks as they are being supported by late Labor Day purchases.  More...

Cattle Slaughter Down Every Week Since The Start Of 2014 Except For 4

Cattle slaughter this week totaled 545,000 head, up 0.9% from the week before, but down 7.3% from the same week last year. Cattle slaughter has been below the year-ago level every week since the start of 2014 except for four.  More...