beef prices

It appears U.S. beef cattle producers are still in the midst of a herd and production contraction, while steer prices continue to increase faster and farther than had been expected.  In response, the USDA Outlook Board. "We raised the price this month by a $1.23 c...

The Washington Cattlemen's Association has concerns about the federal government getting involved in issues between beef producers and meat packers. The WCA’s Mark Streuli said government intervention to try and make things more equitable between producers and packers is a delicate issue. "This is de ...

Another year of lower beef production, that's what USDA analysts are expecting for 2023. USDA Outlook Board Chairman Mark Jekanowski said drought, reduced forage supplies and very high livestock feed prices are pushing cattle producers to take more cattle off pastures, sending them earlier than normal to feed lots and to slaughter ...

When looking at the beef cattle business, USDA Outlook Chairman Mark Jekanowski expects a tightening of the U.S. cattle supply for the rest of this year. He noted the industry is in the midst of a decline in cattle numbers that will lead to beef production dropping by well over a half billion pounds compared to 2021's numbers ...

On Tuesday, the Cattlemen’s Beef Board released its 2021 Annual Report. This latest report includes information about projects and results within each of the organization's program areas, including promotion, foreign marketing, consumer information, industry information, research and producer communications. The ...

The USDA's most recent look at beef production and price, included adjustments to the Department's 2021 calendar year, with the production forecast increased by ten million pounds. So, what's expected for 2022? "No change to beef production, but noteworthy that beef production year over year, we are anticipating it to be down," noted World Agricultural Outlook Board Chair, Mark Jekanows

USDA Chief Economist, Seth Meyer, said consumers are watching what he calls an "impressive run" on meat prices. "We had really fantastic meat demand in the United States. 2020 was a record high or capita use. So domestic consumption of meat was record high in 2020 ...

The recent consumer prince index report surprised a lot of analysts showing higher than expected inflation during September and among food, the inflation leaders. Grocery store food prices rose an average of 1.1% last month. Agriculture department analyst Carolyn Chelius says food prices, on average, rise by only about 2% by an entire year ...

Consumers notice it every time they’ve visit their local grocery store. Prices for meat, specifically beef have increased quite a bit over the past couple of years. But where is that money going? Tom Sharp, President of the Oregon Cattlemen’s Association said consumers need to know those extra dollars they’re paying are not making it into the pockets of ranchers. “Those profit ...

Many in the beef cattle industry think the national herd is in the middle of a reduction, which will last this year and next. "We're expecting inventory numbers to be coming down. We're about a 2% decline in 2021, and about 1% in 2022," noted Katelyn McCullock with the Livestock Marketing Information Center ...