After six years of declines, the U.S. cattle herd just ticked upward — and the reasons behind it say a lot about where the beef industry might be headed.
As the U.S. red meat industry gathers in Fort Worth, TX, this week for the U.S. Meat Export Federation Spring Conference, keynote speaker Randy Blach, CEO of CattleFax, said the cattle herd rebuilding may finally be gaining traction.
“We're still in tight fed cattle supplies. We've got...
USDA’s April Cattle on Feed Report showed the herd size remains smaller year-over-year, but indicates efforts continue to build up inventory.
“The number of cattle on feed and feed lots on April 1st was 11.64 million ahead. This was about ...
The recent Cattle on Feed Report was called neutral-to-slightly-positive by American Farm Bureau economist Bernt Nelson. He said the overall rate of contraction in the U.S. cattle herd has slowed. However, factors like demand, beef prices, and trade, among other factors, will influence producers’ decisions about what to do with their animals.
“Cash prices for...
Are beef cattle producers starting to hold back some heifers for breeding or not?
Are we still in contraction mode?
Friday's USDA Cattle on Feed report offers hardly any clue to that. USDA livestock analyst Shayle Shagam said we will have to wait a month for the next real clue.
“When...
How big is the U.S. cattle herd? Budget constraints have caused the USDA to limit the number of reports it releases. Among these is the July Cattle Inventory Report. However, there is enough historical context from which some conclusions may be drawn.
“A model estimates t...
Before the conclusion of July, the U.S. Department of Agriculture released the Cattle Inventory report that revealed a lower head count in the national cattle herd, and that is leading to higher prices.