By : Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist The Choice boxed beef price dropped to $200.47/cwt. last Friday, July 17, 2020; the lowest Choice boxed beef price since December 2017. Both supply and demand factors are at work pushing wholesale beef prices lower. Estimated beef production last week was 538.4 million pounds, 2.1 percent larger than the same week last year. Estimated…Read More
By : Dr. Andrew Griffith, Assistant Professor, Department of Agricultural and Resource Economics “The only constant is change.” This is something that most people have heard at least once in their lifetime and most would agree it is a correct statement. At the same time, if the only constant is change then we as beef cattle producers must be constantly changing just to maintain the status…Read More
Courtesy of ncba.org National Cattlemen’s Foundation announces a partnership with Cargill to invest in the long-term resilience and professional development of farmers and ranchers DENVER (July 16, 2020) – The National Cattlemen’s Foundation (NCF) today announced its partnership with Cargill to provide funding to North American cattle producers to provide practical tools to help manage market shifts, reduce costs, manage finite natural resource availability and withstand…Read More
Courtesy of lmic.info This year, more carcasses are grading prime, but the pinch in the supply chain has raised all carcass grade premiums to reflect the tighter supply of beef. June’s weekly average of National steer and heifer carcasses grading prime was 10.62% compared to 7.04% last year. This year has not had a single week where the national percentage of Prime has dipped below 9%.…Read More
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