beef production

A Drovers report says the final beef production numbers for 2018 will soon be out as USDA data is moving again after the government shutdown. The current numbers for 2019 will also soon be released by USDA. The January Cattle on Feed Report will come out on February 22nd...

USDA recently reduced its forecast for beef production in 2018 by 30 million pounds.  The new forecast is 26.9 billion pounds.  The slight revision is based on numbers at the end of the third quarter, and from fourth-quarter expectations of slightly fewer steers and heifers to be slaughtered and fewer bulls in the slaughter mix.  Despite the lower...

"Up," is the word the USDA is using to describe the outlook for most of the cattle industry.   "Our forecast, a 5.9% increase in total beef production 27.7 billion pounds that will be a record, if reached in 2018," said livestock analyst Seanicaa Herron.  ...

The USDA is revising their beef production outlook for 2017, though it still tops 2016’s totals.   Outlook Board Chair Seth Meyer said they’re cutting 100 million pounds from this year’s expected totals.   “On what we’re observing as lower slaughter numbers and a little bit lighter carcass weight in 2017 and a little bit of a decrease in expectations for 2018 on the same expected lighter slaughter

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...