Calf markets are showing strength early in 2023, and the Livestock Marketing Information Center says optimism is brewing about the markets.
The latest Cattle on Feed report showed placements and on-feed totals even lower than expectations. South Dakota State University risk and business management specialist Matthew Diersen analyzed the numbers in his latest “In the Cattle Markets” column.
Beef exports continue to run higher than a year ago, based on the latest data. University of Tennessee ag economist Andrew Griffith says a variety of factors are driving this.
There were a few surprises in the Dec. 23 USDA Hogs and Pigs report. Overall numbers were down 4% from Dec. 1, 2020, coming in at 74.2 million head. Market hog inventories were also down 4% from a year ago. Breeding herd numbers were up slightly from a year ago.
Analysts are watching trends in the Consumer Price Index and what they might mean for meat demand going forward.
While feeder pig prices have followed seasonal patterns by increasing over the past few weeks, so have slaughter prices, but in the opposite direction.
U.S. beef exports to China have been on the rise since the middle of last year, with beef going to China at a much higher rate than historical trends.
Larger supplies of cattle continue to pressure prices seasonally.
Analysts are watching trends in feeding cattle, including the recent decline in average days of feed, to see how that might impact cattle markets.
Beef and pork exports continued on a record pace through September, according to USDA data and an analysis from the U.S. Meat Export Federation.
Retail meat prices posted new records in September, according to an analysis from the Livestock Marketing Information Center.
Beef export values continued to set records in August.
Hog numbers defied pre-report estimates in last week’s USDA Hogs and Pigs Report, creating a bullish outlook over the next few months.
Beef exports continued to soar in July.
Red meat export values set a record for June, and shipments over the first half of 2021 established new records for beef and pork exports, according to an analysis from the U.S. Meat Export Federation.
DES MOINES, Iowa — China is still by far the biggest piece in the pork export puzzle, but it isn’t the only one, according to experts who spoke at the Work Pork Expo here June 10.
Beef and pork exports both opened 2021 below last year’s large numbers.
Muscle cuts may garner the headlines, but variety meat exports remain a key component in U.S. meat exports.
Pork exports shattered records in 2020.
Last week’s USDA Cattle on Feed report caught most analysts by surprise, with placements up 0.7% from a year ago at 1.842 million head.
November beef demand resulted in one of the best months for exports on record, according to an analysis from the U.S. Meat Export Federation.
U.S. hog numbers were down in last week’s USDA Hogs and Pigs report, but it’s probably too early to call this a trend.
Beef and pork processors performed better than expected through the fall.
A few analysts believed fed cattle prices could reach $115 by the end of the year, but work remains to be done to hit that target.
Cattle marketing is staying fairly current, while hog marketing may be lagging.