A slump in U.S. beef production has opened the door for Australia to export record amounts of meat, growing its market share in North America and Asia and channelling billions of dollars to cattle processors and farmers.
Tag Archives beef markets
Australia cashes in on beef exports as US cattle herd shrinks
Beef cow, replacement heifer numbers suggest producers aren’t ready to grow herds: FCC
Beef cattle prices have trended above the five-year average, but low numbers of replacement heifers and beef cows suggests producers aren't ready to grow cattle herds.
National Beef Strategy celebrates gains
The Canadian Beef Advisors, comprised of national beef organizations, is celebrating achieving many of the goals in the 2020-24 National Beef Strategy.
Total US cattle herd drops to lowest level since 1951 – USDA
Easing dryness could encourage ranchers to begin rebuilding beef herds
Chicago | Reuters - The total number of U.S. cattle fell to its lowest level since 1951 as of Jan. 1, in the herd's fifth consecutive year of decline, U.S. Department of Agriculture data showed on Wednesday.
Market Intelligence Report from Canada Beef: Shrinking cattle herds in Europe bump Canadian beef imports
As Europe’s beef producers face drought, high feed costs and limited forage, the EU’s imports of Canadian beef have grown slightly, and are expected to continue growing modestly. However, the biggest challenge to further growth of Canadian beef in this market is the limited number of beef plants in Canada that are willing to meet […] Read more
Klassen: Yearling return to the lineup on strong demand
Frigid temperatures result in limited volumes
The market hasn’t missed a beat and started the year where it left in December. The only difference is there are larger supplies of yearlings coming on stream. The benchmark levels had backgrounded steers averaging 1,000 pounds trading from $280-$285/cwt with top bids rounding at $290/cwt. Steers averaging 850-pounds were averaging $300/cwt with top-notch larger groups peaking at $305.
Market Intelligence Update from Canada Beef: U.S. beef demand on track to remain among 20-year highs
It is no secret that Americans like to barbeque and Circana’s May 2023 consumer survey suggests strong grilling activity for the summer of 2023. U.S. beef demand has been steady so far this year but muted shifts between channels and products are apparent. The current support for beef in the U.S. economy is overshadowed by […] Read more
Cattle-on-feed numbers rise, feed costs remain at ‘record-high levels’
The Markets with Deb McMillin, from the February 2023 issue of Canadian Cattlemen
Fed cattle Smaller slaughter numbers and lighter carcass weights through the holidays led to a stronger cash price as we started the new year. The first week of trade in 2023 ended with an average of $186.04/cwt, which was $1.54/cwt higher than the end of 2022 and over a $3/cwt improvement from the December low. […] Read more
Beef exports add huge value
Prime Cuts with Steve Kay
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
No relief in sight for drought-stricken U.S. cattle producers
Prime Cuts with Steve Kay
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
Canadian Cattlemen Presents: Depth of Field
