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A variety of factors produced record profits for all processors of fed cattle last year.
Markets, News, Prime cuts

Beef packers enjoy purple profit patch

Prime Cuts with Steve Kay

By
North American beef processors are enjoying an extended period of profits that is unprecedented in the industry’s history. Packers on both sides of the border are seeing margins that would have been unthinkable five years ago. U.S. packers racked up record profits in 2017, surpassed them in 2018 and are on track for more records […] Read more
Marfrig increased its presence in the United States by acquiring a majority stake in Iowa Premium Beef last March.
Markets, News, Prime cuts

Brazilians increase U.S. beef industry presence

Prime Cuts with Steve Kay

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Brazilian beef behemoth JBS SA sent shockwaves through the U.S. beef industry nearly 12 years ago when it announced it was acquiring Swift and Company, the third-largest beef processor in the U.S. and the largest in Australia, for US$1.4 billion. Little did the industry know that Brazil’s second-largest beef company would eventually buy into the […] Read more
The quality seen in the North American beef supply continues to improve.
Markets, News, Prime cuts

North American beef quality sets industries apart

Prime Cuts with Steve Kay

By
The Canadian and U.S. beef industries have made great strides over the past 20 years in improving the quality of the beef they produce. That is paying excellent dividends in both their domestic and export markets. While Brazil is the world’s largest beef exporter, beef from North America is sought after globally and attracts a […] Read more
Consumer demand and tariffs will be key issues for the U.S. beef industry in 2019.
Markets, News, Prime cuts

U.S. cattle prices expected to fall slightly

Prime Cuts with Steve Kay

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Forecasting live cattle prices is always tricky but most analysts were close to the mark at the start of last year. U.S. prices were better than expected in the first quarter but mostly followed forecasts the rest of the year. Prices this year will likely be slightly lower than the average price in 2018 of […] Read more
Beef production is expected to rise in 2019 to 27.810 billion pounds, up 3.3 per cent from 2018.
News, Prime cuts

Record protein supplies again

Prime Cuts with Steve Kay

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Americans will enjoy ample supplies of red meat and poultry this year. Total 2019 production is expected to reach a record 105.570 billion pounds, up 3.0 per cent on 2018, according to the U.S. Department of Agriculture’s Economic Research Service (ERS). This would exceed the expected 2.4 per cent increase in 2018 from 2017. ERS […] Read more
Undeterred by tariffs, U.S. beef exports were up nine per cent from a year ago seen January through August.
Beef Cattle, News, Prime cuts

Tariffs remain irritant

Prime Cuts with Steve Kay

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One word — relief — summed up the completion of a new trade pact to replace the North American Free Trade Agreement. Agricultural leaders in Canada, the U.S. and Mexico all breathed deep sighs of relief after the three countries signed the new U.S.-Mexico-Canada Agreement. That’s because the new pact leaves intact all the elements […] Read more
File Photo. Personal food choices are coming under more scrutiny. Meat eaters came under fire from environmentalists in 2019. People struggling with weight could be the next targets after a study suggesting that overeating and obesity produce 20 per cent more greenhouse gas emissions than other eating patterns.
Beef Cattle, News, Prime cuts

Labouring after the holiday

Prime Cuts with Steve Kay

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Labour Day and the week preceding it have the third-largest beef sales for the year in the U.S. Sales this year were stronger than normal and different from prior years. Retailers normally feature mostly ground beef and hot dogs ahead of the holiday. But this year they heavily featured bone-in rib steaks, T-bone steaks and […] Read more
Serums produced from fetal bovine blood used in the pharmaceutical industry are vital to the production of vaccines.
Livestock, Prime cuts

The copious cattle carcass

Prime Cuts with Steve Kay

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When consumers think of cattle, they mostly focus on the juicy steak, roast or ground beef that comes from an animal’s carcass. That’s if they even connect these and other beef products to an animal. What they seldom if ever think of is the copious number of byproducts from that animal that find their way […] Read more
Marfrig is the second-largest beef processor in South America behind JBS
Markets, Prime cuts

Brazil’s North American push into the beef market

Prime Cuts with Steve Kay

By
No one in the early 2000s could possibly have imagined that Brazil’s two largest beef companies would eventually own or control two of the U.S.’s four largest companies. Yet that is about to occur when Marfrig Global Foods completes its U.S. $969 million acquisition of 51 per cent of National Beef Packing. The latter is […] Read more
The meat industry can maintain its current momentum by addressing various population groups’ increasingly different approaches to meat.
Markets, Prime cuts

Changing consumer trends

Prime Cuts with Steve Kay

By
ALL wealth to the North American beef industry comes from consumers. So it’s critically important for the industry to closely track what consumers are doing, thinking and wanting. Americans’ food needs and wishes are changing significantly, and the U.S. meat industry needs to understand new trends to continue to deliver what consumers want. The same […] Read more

Canadian Cattlemen Presents: Depth of Field

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