As the No. 1 beef provider in the United States, Texas packs almost 4 million cows per year, making it the top beef-producing state. Ellis County has about 18,000 cows and calves, ranking 110th out of 254 counties in the state for beef production. While Ellis County’s top agriculture...
The fed cattle market leading up to the Labour Day weekend saw some seasonal pressure. Demand softens towards summer’s end and typically longer-fed, heavier cattle are moving through the system. August ended with an average of $231.76/cwt, which is just six per cent behind the 2023 annual high. The last two...
Beef production in the EU has remained below 2022 levels during the first half of the year. Despite tighter supplies, cattle prices have generally eased, reflecting subdued summer beef demand. Key points Constrained kill reduces beef production Production of beef in the EU during the first half of 2023...
U.S. meat export sales fell during the week ending September 7th. The USDA says beef exports were nearly half of the previous week and pork was down, as U.S. exports in general continue to see the impacts of heavy global competition and the relative strength in the dollar. Corn...
Last Friday’s Five Area weighted average price for beef breed steers was $182.75. Negotiated sales were mostly $180 in the south. Northern sales were mostly $183, with $185 reported Friday. Wisconsin auction markets reported higher prices to open this week. Recent strength in Live Cattle futures should help sellers leverage...
SAO PAULO, Sept 12 (Reuters) – Brazil’s consumer prices as measured by the benchmark IPCA index rose slightly less than expected in August, data from government statistics agency IBGE showed on Tuesday, cementing expectations the country’s central bank will cut interest rates next week. Prices were up 0.23% in...
The herd has been rebuilt and is at least entering a steady state, if not a light liquidation. As such we can expect some new four or five-year highs in terms of beef exports. In August we saw just that, but it’s the destinations which are more interesting. Total...
In the second breakthrough in three months, India said on the sidelines of the G20 summit meeting that it would reduce import duties on frozen U.S. turkey and duck meat. Lower tariffs will give U.S. exports a chance to win sales in the rapidly growing market, said U.S. poultry...
Exports for 2023 are 60% lower than in 2022 As a result of more stable trading partner chicken meat supplies, 2024 chicken meat exports are forecast unchanged for Mexico, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report. Mexico is currently the sixth largest chicken meat...
China, known for its voracious appetite for beef, pork, and chicken, has historically been a driving force in the global meat industry. However, recent shifts in China’s economy are beginning to curb its meat consumption, a development highlighted in a recent Bloomberg report. Despite the easing of COVID-19 restrictions...