beef prices

As the experts have been predicting for some time the price situation for livestock producers is improving but things are going the other way for many crop producers.  The latest evidence of that coming in USDA 's price report covering the month of August.  It show...

Idaho cattle producers have reason to be optimistic, noted Cameron Mulrony.  The Executive Vice President of the Idaho Cattle Association said prices are expected to move higher in the coming months.   “We are under a tight cattle supply. The cattle numbers ...

When it comes to the meat production and price forecast for the month of February, USDA World Ag Outlook Board Chair Mark Jekanowski says things are pretty straight forward.  He noted things are looking up when it comes to beef production and price.   “...

USDA’s January 1 cattle inventory report places the total number of cattle and calves at 89.3 million head, consistent with trade expectations for a 3% year-over-year drop.  The decline comes as cattle producers face a fourth consecutive year of contraction within the cattle cycle.  That’s a...

Even though U.S. production of pork, broilers and turkeys is expected to increase this year, the USDA is still reporting a decline in total meat production; and that is driven by a fairly sharp decline in beef production.  USDA Outlook Board chairman Mark Jekanowski said this could be the second year in a row of declining total U.S. meat p...

Beef producers could enjoy better market conditions, and perhaps a better bottom line in 2023, that according to one University of Idaho expert.  Dr. Phil Bass said in his assessment the relationship between producers and packers has improved over the past 12 months, and he’s hopeful the positive dialogs as of recent will continue.  He noted that...

Agriculture Secretary Tom Vilsack is non-committal on supporting a renewed push in Congress for livestock marketing reforms.  Vilsack was careful in recent comments to not to overstep the general support he voiced last year for the Grassley-Fisher bill to boost price discovery and beef industry competition.   “...

Recent reports from the USDA reveal current trends in the cattle markets.  American Farm Bureau Federation Economist Bernt Nelson, called the recent report bullish, with total cattle on feed coming in right around 11.4 million, down 1% year-over-year.  He note...

Consumers will likely have few meat selections at their local grocery in 2023, and U.S. production is forecast lower next year.   “The main reduction year-over-year in terms of meat supplies is coming from is coming from beef," according to USDA Outlook chairman Mark Jekanowski.  He added it’s...

U.S. beef producers face higher input costs this year, predicted up 7% when compared to 2021.  ERS reported earlier this week the farmer’s share of the retail value of beef also increased year over year, but rising input costs, especially for cattle feed, may limit farmers’ ability to benefit from higher cattle prices.   Feed ex...