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Prices for feeder cattle are likely to see a healthy increase in 2023.
Markets, Prime cuts

How drought might define 2023

Prime Cuts with Steve Kay

By
The recent holiday season brought the best possible gift to many U.S. cow-calf producers — rain. But two years of extensive drought have had a big impact on U.S. cattle numbers and this might linger in 2023. The silver lining to the drought’s impact is higher prices for all classes of cattle. Cash live cattle prices […] Read more
(RyanJLane/E+/Getty Images)
Markets, Prime cuts

Prime Cuts: Where’s the (U.S.) beef?

Prime Cuts with Steve Kay: Global beef production expected to be fractionally lower

By
“Where’s the beef?,” a slogan coined by hamburger chain Wendy’s, is one of the most successful ad campaigns of the past few decades. But in light of a big decline in U.S. beef production next year, global beef users might be asking the same question about U.S. beef. U.S. production is expected to decline to […] Read more
While concerns about high food prices remain, there is reason to be optimistic about domestic beef consumption in 2023.
Markets, Prime cuts

Demand for beef is key in 2023

Prime Cuts with Steve Kay

By
U.S. consumers in 2023 can anticipate greater availability of pork, broiler meat and turkey but less beef. Demand for all proteins will largely depend on consumer concerns about inflation and whether the U.S. economy has moved into a recession. Beef demand at retail and food service is robust. Beef currently has an advantage over pork […] Read more
Japan has consistently been a top customer and is the leading international market for U.S. red meat.
Markets, Prime cuts

Beef exports add huge value

Prime Cuts with Steve Kay

By
Exports are the lifeblood of the U.S. beef industry, even more so than in Canada if one excludes its exports south. U.S. exports added more than US $476 to the value of each fed steer or heifer in the first seven months of this year. From virtually no beef export sales in the 1970s, the […] Read more
Worker shortage looms
Markets, Prime cuts

Worker shortage looms

Prime Cuts with Steve Kay

By
Labour and cattle are the two biggest challenges that beef processors face in running a profitable business year in, year out. COVID-19’s onset revealed how any sizeable workforce disruption can wreak havoc with running a beef plant efficiently.  All major beef-producing countries faced labour shortages during the pandemic. Staffing levels have returned to close to […] Read more
Continued drought conditions are forcing cattle into feedlots and moving cow-calf producers to reduce their numbers.
Markets, Prime cuts

No relief in sight for drought-stricken U.S. cattle producers

Prime Cuts with Steve Kay

By
Drought continues to afflict the U.S. cattle/beef industry. Since I last wrote about its consequences in my May column, conditions have only gotten worse in many parts of the country and there is no relief in sight. These conditions continue to force cattle into feedlots and cow-calf producers to keep reducing their beef cow numbers […] Read more
According to the USDA, Spain’s meat industry has a turnover of more than US$30 billion.
Comment/Columns, Prime cuts

Spain is a meat paradise

Prime Cuts with Steve Kay

By
When one thinks about Spanish cuisine, one of the first things that come to mind is the remarkable array of fish and seafood that you see on every restaurant menu and in every food market. As you know, seafood paella is Spain’s great dish to the world.  But Spain also produces remarkable meat products, notably […] Read more
As higher protein prices hit consumers in the first half of 2022, chicken had a price advantage over beef and pork.
Markets, Prime cuts

Chicken lords over beef with consumers

Prime Cuts with Steve Kay

By
Beef is still king of the meat case in U.S. grocery stores. But chicken wins hands down in per capita consumption and has done so for years. Beef is regarded as the meat treat and chicken the survival food for protein. Now that food inflation stalks grocery store aisles and talk is increasing about the […] Read more
Consumers may find themselves turning more to hamburgers on the grill this summer more than ever due to the much higher price of steaks.
Markets, Prime cuts

Throw a burger on the grill

Prime Cuts with Steve Kay

By
Wander around any suburban neighbourhood in Canada or the U.S. this month and you will get a whiff of North Americans’ favourite pastime. The month is the start of the annual grilling season and many millions of people will be barbecuing everything from beef steaks to ground beef patties. And yes, there will be plenty […] Read more
Drought will be the principal determinant of the general cattle industry in 2022.
Markets, Prime cuts

Drought remains a huge factor for ranchers

Prime Cuts with Steve Kay

By
Drought in many parts of the country, as well as higher operating costs for ranchers, took a bigger than expected bite out of the U.S. cattle herd in 2021. Both factors will continue to play a key role in the fortunes of the U.S. industry. Herd numbers declined by 1.89 million head in 2021 and […] Read more

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