BUDGETS: cow calf, backgrounding, summer grazing
LMIC: Analysis and Comments, In the Cattle Market, Livestock Monitor
MARKET REPORTS: area market reports
PRESENTATIONS: meeting presentations
LEASE PUBLICATIONS - farm and ranch
Chart of the Week
Record high prices in the beef cattle industry the last several years have become the norm. However, record high fed cattle prices in July are especially noteworthy because prices have increased contra-seasonally. Typically fed cattle prices are seasonally low in June, July, and August due to seasonally peak cattle slaughter numbers. Indeed, cattle slaughter has increased seasonally, but has been averaging about 6% below last year. Shorter supplies are supporting prices, but demand has also been supportive. Both domestic and export demand have improved. Beef exports have been up about 6% in 2014 with especially strong demand in Asian markets. Lower than expected pork and poultry production has buoyed beef demand. And record high beef byproduct values - up over 7% for the year - have also supported fed cattle prices at record levels.