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. -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…
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William Secor, Ph.D. -Calf prices in Georgia have taken a bit of a pause in their march upward over the last few weeks. Across the supply chain, prices have seen similar pauses as fed cattle and wholesale beef prices have leveled off or declined from highs hit earlier this summer. This short article provides an…
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(Tommie Sheperd – Agribusiness Economist) As 2021 heads into the home stretch it looks as if forecasts for improving cattle prices may finally materialize as several developing trends finally begin to come together. Higher slaughter rates, lower animal weights, and a smaller calf crop in 2022 all signal a tightening of supply. In this article,…
Posted in: Beef Cattle Market