steer prices

The latest USDA numbers show the size of the U.S. beef cattle herd continues to shrink.  Last week’s Cattle On Feed report shows placements into feedlots during January were down 4%, feed lot inventories on February 1st came in at 11.7 million, resu...

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 ...

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

The USDA reported a few minor changes in their most recent beef numbers. First when it comes to beef production, according to World Agricultural Outlook Board Chair, Mark Jekanowski: "A load which higher cow slaughter which would contribute to more production but that's offset by lighter carcass weights, so that net production is virtually unchanged ...

World Agricultural Outlook Board Chair Mark Jekanowski  on the main take away from June's Meat Production and Price forecast. "Our steer price forecast we raised our 2021 steer price forecast by 75 cents CWT just reflecting current price strength that we've been seeing in the market. But ...

World Board Outlook Chair, Mark Jekanowski, said there were pretty small changes in USDA's beef production forecast. "What we're seeing there is an increased slaughter forecast for the second half of the year being largely offset by lighter carcass weights ...

The rash of catastrophic events hitting the beef industry during the past year, including the fire at the Kansas beef processing plant and COVID-19 has led Dustin Aherin, animal protein analyst for Rabo AgriFinance, to conclude the industry needs more meatpacking capacity ...

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...