The USDA semi-annual Cattle Inventory Report revealed that the U.S. beef cow herd is shrinking at the fastest rate since the last widespread drought in 2012. As of January 1, 2022,…
beef demand
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Ag News StoriesLivestock NewsNews
CattleFax: Tighter Supplies and Record Beef Demand Will Bring Higher Prices
by Colter BrownNASHVILLE, Tenn. – The beef cattle industry is bouncing back from the pandemic, and continued progress is expected in 2022. Beef prices are near record high, and consumer and wholesale…
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Ag News StoriesLivestock NewsNews
NCBA Petitions to Change “Product of the USA” Label
by Colter BrownThe National Cattlemen’s Beef Association (NCBA) has filed a petition with the U.S. Department of Agriculture’s Food Safety and Inspection Service (USDA-FSIS) to eliminate the use of “Product of the…
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By many measures, beef demand has remained remarkably strong since the pandemic started in March. The first half of the year was characterized by unparalleled disruptions in both beef supply…
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by Greg Hanes, CEO, Cattlemen’s Beef Board There seems to be a rash of articles and news pieces in ag media lately, focused on beef demand and its driving power…
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The choice boxed beef cutout has fallen 58% since it peaked at $475.39 per cwt on May 12. Recently, the cutout has been just hovering about the $200 market. On…
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BILLINGS, MONTANA – On March 27, 2020 the Montana Federal District Court granted the U.S. Department of Agriculture (USDA) summary judgement in the case of the Ranchers-Cattlemen Action Legal Fund,…
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Disruptions in normal life due to COVID-19 have produced a surge in at home food demand. Reports indicate a 77 percent year over year increase in grocery meat sales in…
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Beef demand is strong and with U.S. cattle numbers plateauing, prices are likely to be stronger in the year ahead as consumers at home and abroad support industry profitability. That…
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The new year brings with it several changes in ongoing market dynamics, some new opportunities, and some new risks and continuing challenges for cattle and beef markets. The watch list…