Drovers - Beef Industry News, Markets and Production
WEBIndustry. Reopening of East and Gulf Ports Brings Relief to U.S. Pork and Beef Industry. The end of the strike is terrific news for U.S. livestock producers and exporters who ship more than $100 million of U.S. pork and beef through those ports each week, says U.S. Meat Export Federation president and CEO Dan Halstrom. Jennifer Shike.
Fall Cattle Market Update for Midwest | Drovers
WEB2 days ago · The fall run of feeder cattle has started in Oklahoma. While the total auction volume of feeder cattle is down 9.2 percent year over year thus far in 2024, the auction volume of feeder cattle has been larger by 12.9 percent year over year since Labor Day. In early October, the auction volume included calves as well as big feeder cattle from ...
Profit Tracker: Beef and Pork Margins Improve, Beef Packer Losses …
WEB23 hours ago · Negotiated cash cattle increased an average of $0.71 per cwt. the week ending Oct. 5 and profit margins increased $24.82 per head to an industry average of $89.68 per head, according to the Sterling Beef Profit Tracker. Meanwhile, beef packers saw profits drop $42 per head to a loss of $111 per head ...
Industry Shifts: What Cattle Producers See Coming In the Next 5 …
WEBSep 26, 2024 · Despite the challenges, producers are thinking to the future with plans to add a family member and grow their herd size. In fact, 54% of producers in this year’s survey indicate they plan to add a family member to the operation (versus 51% in 2023). Even though it doesn’t appear the business will see rapid rebuilding, there are indications ...
Markets - Drovers
WEBNegotiated cash cattle increased an average of $1.18 per cwt. the week ending Sept. 14 and profit margins dropped by $13 per head to an industry average of $130.66 per head, according to Sterling Marketing. Farrow-to-finish hog producers found positive margins of $16 per head last week, down $2.91 from the previous week.
The Future of the Beef Industry: New Survey Data Shows …
WEB5 days ago · Looking to the Future. Producers are thinking to the future with plans to add a family member. In the 2024 Drovers State of the Beef Industry survey, 59% indicate they plan to add a family member to the operation in the next five years. That number was 54% in 2023. The question that often follows next when adding a family member is herd size.
Market Reports - Drovers
WEBThe inventory of all cattle and calves in the U.S. was 93.6 million head on January 1, 2021, down fractionally from 93.8 million head one year ago. Cash cattle traded mostly $3 higher on the week, despite light volumes and varied interest from packers.
Beef Quality: Where We’ve Been, and Where We’re Going
WEBSep 24, 2024 · 1. Commodity Choice has remained relatively steady at an annual average of 41% since 2011. However, the mix around that flat line has dramatically changed over time. 2. Select volume has steadily slid from 28% to 13% of the slaughter mix. 3. CAB + Prime volume has replaced the difference, increasing from 20% to 35%.
CAB Insider: Market Update September 4 - Drovers
WEBSep 4, 2024 · Fed cattle traded lower, feeders mixed. (CAB) By Paul Dykstra September 4, 2024. The past two weeks have featured increases in total federally inspected cattle harvest with 608,000 and 611,000 head counts. Last week’s increase was logically a bit larger due to this week’s holiday-shortened production schedule.
Reopening of East and Gulf Ports Brings Relief to U.S. Pork and …
WEB5 days ago · ILA and USMX have agreed to extend the current Master Contract until Jan. 15, 2025, and to reopen all affected ports while negotiations continue on outstanding contract issues. The end of the strike is terrific news for U.S. livestock producers and exporters who ship more than $100 million of U.S. …