Beef Cattle Market
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William Secor, Ph.D. The USDA projects U.S. beef production to drop by about 3% in 2024 from 2023. For the first two months of the year, slaughter numbers suggest that fewer head slaughtered is being partially offset by heavier weights. Click below to access the full article and learn more about these trends.
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William Secor, Ph.D. Two recent USDA reports have shown that Georgia had lower hay inventories over the winter and will be working with fewer cattle in the year-ahead. The Southeast (including Georgia) had lower hay inventories as of December 1. Drought improved in many areas of the country, especially the Southern Plains. However, drought emerged…
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William Secor, Ph.D. – Total U.S. beef production is projected to be around 6.5% smaller compared to 2022 and 2% smaller compared to 2023. Smaller supplies have pronounced implications for U.S. beef trade. With lower production, exports are expected to decline, and imports are expected to increase. Click below to learn more.
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William Secor, Ph.D. -The main story in 2023 has been tight beef supplies and strong beef demand creating a supportive environment for higher beef and cattle prices. The 2023 holiday season is proving to be no exception as popular holiday cuts, like beef rib, is well above prices last year and is moving higher seasonally.
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William Secor, Ph.D. -While calf prices may retreat on seasonal supply pressure in the coming weeks, overall market fundamentals are shaping up to support calf prices over the next year or longer. In this short article, Dr. Secor will provide an overview of how the beef cattle cycle dynamics are influencing current cattle prices and…
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William Secor, Ph.D. -Cattle prices have reached record highs over the last several months and remain at historically high levels. Futures markets suggest that high prices will continue for the next several months. While actual prices months from now will be different from what is currently being traded in the futures market today, these prices…
Posted in: Beef Cattle Market