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Cattle markets remain in recovery mode

Prime Cuts with Steve Kay

By
The market for fed cattle in the U.S. is now out of intensive care. But it remains in recovery mode after the COVID-19 pandemic had an impact on cattle prices from mid-April through mid-July. Prices advanced US$7.05 per cwt live (based on USDA’s five-area steer average) in the four weeks to the week ended October […] Read more
Several initiatives are currently underway that promote sustainable beef production practices.
Markets, News, Prime cuts

Sustainability efforts in the beef industry growing

Prime Cuts with Steve Kay

By
Sustainability was likely a word that few in the North American beef industry uttered in everyday conversation 10 years ago. Today, the word is on everyone’s lips as producers and beef packers promote and develop new programs that increase the industry’s sustainability in the eyes of beef consumers. Cargill became the first North American packer […] Read more
Markets, News, Prime cuts

Cattle hides take a tanning

Prime Cuts with Steve Kay

By
Cattle hides for many years added up to US$60 to the value of a fed steer or heifer and accounted for two-thirds of the value of all byproducts. But hide prices and the value began eroding in 2018 and have not recovered. Now the COVID-19 pandemic has delayed any improvement in hide prices and the […] Read more
Markets, News, Prime cuts

A bold new plant concept

Prime Cuts with Steve Kay

By
The COVID-19 pandemic didn’t quite bring North American beef processors to their knees in April-May. But many of the largest plants in Canada and the U.S. were forced to close temporarily or drastically reduce operations because of worker illnesses and absenteeism related to the virus. U.S beef plants one week ran at only 68 per […] Read more
Beef plants cannot operate efficiently without a steady supply of cattle from ranch to feedlot to plants.
Markets, News, Prime cuts

Beef producers get a raw deal

Prime Cuts with Steve Kay

By
North America’s cattle producers were the first in the beef chain to be impacted by the spread of the COVID-19 virus from epidemic to pandemic. Yet they are getting a raw deal from their national governments in terms of financial or other aid. The Canadian and U.S. governments were quick to declare that meatpacking was […] Read more
Being on the cusp of grilling season, the timing could not be worse.
Markets, News, Prime cuts

COVID-19’s continuing chaos

Prime Cuts with Steve Kay

By
As I write this on April 6, the April live cattle futures contract here in the U.S. has closed down its 450-point extended daily limit for the fourth day in a row. The contract closed at US$83.82 per cwt, thus losing 1,800 points in those four days. In contrast, the contract settled on February 21 […] Read more
The big question facing the beef industry and the economy as a whole is how quickly they will recover after the coronavirus threat has passed.
Markets, News, Prime cuts

The cruelty of the coronavirus

Prime Cuts with Steve Kay

By
The start of the new decade held much promise, whether it was for the global economy or prospects of an even bigger trade with China for North American livestock producers. Much of that promise has been cruelly shattered, at least temporarily, by a new coronavirus (COVID-19) that emerged in central China and made its way […] Read more
Markets, News, Prime cuts

Will the U.S. have enough beef?

Prime Cuts with Steve Kay

By
A valid question arises when considering the latest supply and demand dynamics for the U.S. beef industry. Will it have enough beef to supply an expected increase in exports to its major market, Japan, and to emerging market China? The U.S. has spent years developing export markets in virtually all corners of the globe, notably […] Read more
Several key trade deals are poised to benefit red meat sectors.
Markets, News, Prime cuts

Trade deals herald a promising year ahead

Prime Cuts with Steve Kay

By
The new decade begins with much promise for the North American cattle/beef industry. Several key trade deals will benefit the red meat sectors in all three countries, including developments in China and the ratification by the U.S. Congress of the United States-Mexico-Canada Agreement (USMCA). China’s ongoing efforts to fill the protein hole caused by the […] Read more

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