beef prices

The USDA's cattle forecast moved higher in most meat categories this year.   “For meat production for 2019 basically all we're going is true-ing up our estimates based on more recent data,” said acting World Agricultural Outlook Board Chair, Mark Jekanowski.   He adde...

The ongoing trade war with China, and other trade disruptions are weighing on the minds of many, if not everyone in Ag.  But veteran global market analyst, Dan Basse said the American meat industry is bullish, and at some point that’s going to start impacting the markets.   “...

U.S. beef production continues to grow, but consumer demand for that beef is also on the rise.  This is making for higher prices for beef cattle producers and for food shoppers.  According to cattle prices may average about 1% higher year-over-year.  And for...

Late last week, the United States Cattlemen’s Association sent letters to the USDA and the Commodity Futures Trading Commission.  The USCA is requesting each department to bring together cattle market participants and stakeholders to discuss concerns related to price transparency and true price discovery.  The lett...

Shoppers looking for beef will find more of it in the next few months, and at possibly lower prices than a year ago. The agriculture department's forecasting beef production this year to be 3.5% higher than 2017.  Production next year is expected to go up another 2% and already for consumers at the beef counter. ...

Are beef cattle prices finally bottoming out and moving higher again?   There are signs of that in the latest USDA forecast.  On the surface the numbers suggest another drop in steer prices next year because beef production keep rising from a bit over 26 billion pounds last year, up to projected 27.7 billion...

The Northern Plains area has been suffering through a major drought and it’s causing a real challenging situation for cattle producers.   With supplies of forage and feed down significantly, it’s forcing cattle producers to sell off perhaps more than they would usually.   USDA Li...

The USDA has improved their outlook for beef production and prices in their December forecast.   Outlook Board Chair Seth Meyer said there is some increase in 2016 production.   “But we shrank that increase a little bit in ’16 up on what we observe as a slaughter pace and we trimmed 2017 production based upon lower placements.”   That led to...

Beef Production is expected to increase by nearly four percent in 2016.   USDA Outlook Board Chairmen Seth Meyer says that will mean lower prices, “Down from $148.12 a hundredweight to $137.38 a hundred weight. You’re talking down more than $10 year over year on that increase in supply.”   Beef prices...