The U.S. Department of Agriculture’s December reports reveal some adjustments to U.S. beef production, price and export forecasts for next year. Rod Bain has the details.
USDA Projects Higher 2020 Beef Production
A U.S. Department of Agriculture analyst says when the fire-ravaged beef plant in Holcomb, Kansas, returns to operation, it will help spur higher beef production and higher cattle prices next year. Gary Crawford has the story.
USDA 2019 Beef and Dairy Industry Outlook
USDA has trimmed its forecast for 2019 beef production and increased its steer price projection. Gary Crawford has more on that, along with what could possibly happen to milk production and prices this year with predictions of a shrinking U.S. dairy herd.
Beef Production Likely to Grow in 2019
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. With all but the last few days of slaughter and carcass …
Better Days Coming for Chicken Producers
Chicken, pork, and beef producers should all see better days over the next 12 months in spite of specific challenges in each segment. The industry website Meating Place Dot Com notes one industry analyst, Jeremy Scott of Mizuho Securities, who says the worst is behind us in the chicken market. That specific market segment had one of its most difficult …
Beef Production Forecast Drops Slightly for 2018-2019
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. The industry website Meating Place …
Beef Production and Exports Expected Up in 2018
U.S. beef production this year could set a record according to USDA, with demand for beef also up. Rod Bain has the story. Beef Production and Exports Expected Up in 2018
Beef Cattle Contribute to Sustainable Food System
A recent study by the United Nations’ Food and Agriculture Organization says cattle raised for beef production play a key role in maintaining a sustainable food system. Meat industry publication Meatingplace reports that the research essentially counters claims that beef production consumes too much human-edible feed, finding that cattle are net contributors to the global protein supply, and concludes that …
Importance of Chilled Beef Exports
During the Cattle Industry Summer Business Meeting held last week in Denver, Colorado, producers serving on the beef checkoff’s Export Growth Committee heard from members of the U.S. Meat Export Federation (USMEF) staff regarding global trends in beef production and consumption. Joe Schuele has more on the story.