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...
The CattleFax Outlook Seminar at the annual Cattle Industry Convention in New Orleans dug into expert market and weather analysis for the coming year. Prices and profitability will again favor cattle producers in 2023. The cattle industry came into the year with the smallest cattle supply since 2015, as drought caused the industry to dig deeper into the supply of feeder cattle and calves.
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The CEO of CattleFax is confident the beef industry will see better market conditions down the road. Randy Blach said the market has faced many headwinds over the last three or four years.
“If you step back and you think about what we were sharing last fall and early this year, the markets have largely performed very well with what we anticipated, but obviously we had a Russian invasion into Uk
CattleFax has released its annual Cow-Calf Survey. The information requested in the survey provides participants and the rest of the industry with valuable data regarding industry benchmarks and trends. Survey participants will get a results summary packet containing useful benchmarking information that will allow them to evaluate their own operation
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When it comes to the future of the Cattle industry, CattleFax CEO Randy Blach said there’s reason for optimism.
“Prices are going to get higher next year, the year after, and probably all the way into 2024. So, we should see improved profitability for the industry in total, which is really needed. We need to
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The beef cattle industry is bouncing back from the pandemic, and continued progress is expected in 2022. Beef prices are near record high, and consumer and wholesale beef demand are both at 30-year highs as the U.S. and global economy recover
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Cattle producers in Idaho are fairly confident about the future, after the recent Cattlefax report that points to a strong demand as well as higher prices. Idaho Cattle Executive Vice President, Cameron Mulrony, said statewide, beef cow herd numbers have held steady.
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Despite pandemic disruptions, consumer demand for beef at home and around the globe remained strong in 2020. CattleFax said that trend will continue in 2021 and beyond, especially as foodservice operations begin to fully reopen. The data was presented during the recent Cattle Industry Convention Winter Reboot
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CattleFax is out with its annual Cow-Calf Survey. Information requested in the survey provides participants and the industry with what CattleFax calls valuable data regarding industry benchmarks and trends. Survey participants will receive a results summary packet, with benchmarking information that will allow managers and owners to evaluate their own operations
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