Industry News

Meat Supply Concerns into 2019

By : Stephen R. Koontz, Professor & Extension Economist, Department of Agricultural and Resource Economics, Colorado State University The fall run of feeder cattle is set to be essentially complete. The market will receive information on October placements and marketings this Wednesday. USDA AMS reports suggest the volumes of feeder cattle were slightly above the prior year. Likewise, weekly slaughter volumes suggest the total of steers…

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Beef demand is key and less certain in 2019

By : Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist   Continued growth in U.S. beef production will keep the focus on beef demand in 2019.  Beef production is slowing but is forecast to increase 1.5-2.0 percent year over year in 2019 to 27.5 billion pounds.   This follows a projected 3.3 percent year over year increase in 2018 beef production to a record level…

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The Markets

By : Stephen R. Koontz, Professor & Extension Economist, Department of Agricultural and Resource Economics, Colorado State University       Week of Week of Week of Data Source: USDA-AMS Market News 11/16/2018 11/9/2018 11/17/2017     $/cwt   5-Area all grades, live weight $113.00  $113.70  $119.35  Fed Steer all grades, dressed weight $177.38  $179.16  $189.31  Boxed Beef Choice Price, 600-900 lb. $213.85  $217.37  $210.22   …

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Cattlemen, Sheep Producers Urge Senate Action After House Passes Manage our Wolves Act

Courtesy of beefusa.org   WASHINGTON (November 16, 2018) – Today the Public Lands Council (PLC), National Cattlemen’s Beef Association (NCBA), and American Sheep Industry Association (ASI) praised the passage of H.R. 6784, the Manage our Wolves Act. The Act requires the U.S. Fish and Wildlife Service (FWS) to remove the gray wolf from federal protections under the Endangered Species Act (ESA). Similar action was initially proposed…

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NCBA on Fake Meat News: “Step in the Right Direction, More Work Remains”

Courtesy of beefusa.org   WASHINGTON (Nov. 16, 2018) – Colin Woodall, Senior Vice President of Government Affairs, today issued the following statement regarding the announced plan regarding how USDA and FDA would regulate lab-produced fake meat: “This announcement that USDA would have primary jurisdiction over the most important facets of lab-produced fake meat is a step in the right direction, but there is still a lot…

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