Marketing

U.S. beef exports continue to face a multitude of economic headwinds and have fallen significantly from last year’s record levels. On top of fewer exportable supplies due to lower domestic production, U.S. beef is more expensive on the global market due to the combination of higher domestic beef prices and ...

The latest Cattle on Feed Report was released on Aug. 17 and delivered a bit of surprise in the number of cattle placed on feedlots during July. The broader takeaway from the report is tighter feedlot supplies and plenty of support for cattle prices. However, there were some interesting details under the ...

Notwithstanding the weekly push and pull of grain market wonderments and beef packers reining in production to boost boxed beef prices, cattle prices continued beyond the expectations of many last month. The already bullish outlook grew even brighter. USDA’s Economic Research Service (ERS) increased projected feeder steer prices (750-800 lbs. ...

Although higher cattle prices were expected by many to increase as supplies contract, the pace through mid-July continued hotter than many originally anticipated. Feeder steer prices (600-700 lbs.) at the start of July were $61-$71/cwt. higher year over year on a regional basis — up 30-40% — according to USDA’s ...