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USDA’s Foreign Agricultural Service recently released the latest Livestock and Poultry: World Markets and Trade report. The report provides estimates for production, consumption and trade for beef, pork and chicken for major countries. The article focuses on the Mexican beef and cattle industry.
Both feedlot inventories and cattle slaughter have remained stubbornly high this year due to drought-forced movement of cattle out of the country. Feedlot production, cattle slaughter and beef production are all expected to decrease sharply in 2023.
The year kicked off with a cattle inventory estimated to be down 2%, thanks to a 2021 calf crop down 2.3% from the previous year, due largely to the pressures brought on by drought and high input costs for feed, fuel, fertilizer and labor. This Market Intel provides farmers and ranchers with a snapshot of what is happening to the U.S. cattle herd as we head toward the finish line of 2022.
Walmart announced on Aug. 31 that it had signed an agreement to acquire a minority stake in Sustainable Beef LLC, a rancher-owned company based in North Platte, Nebraska.
Harvest delays and quality and yield concerns related to rain and pest damage continue to create uncertainty surrounding 2022 hay markets. Here’s Progressive Forage’s monthly update as the calendar turns to summer.
The USDA National Agricultural Statistics Service (NASS) released its semiannual Cattle report on Jan. 29. The total number of cattle and calves on Jan. 1, 2021, was estimated at 93.6 million head, nearly 200,000 head lower than the previous year.
For the final quarter of 2020, beef production was raised 15 million pounds on greater expected non-fed cattle slaughter that was partially offset by lower average cattle carcass weights. As a result, 2020 beef production is forecast at 27.2 billion pounds.
The latest monthly trade data were released by the USDA Economic Research Service (ERS) in early November. The September data continued to show adjustments from the beef production and beef price changes earlier in the year, as well as the impacts of global beef demand.
A large winter storm is advancing across the central U.S. bringing cold temperatures and some much-needed moisture. Oklahoma is expected to see a first freeze and precipitation ranging from rain to freezing rain to ice to snow through midweek. Farther north and west, snow and cold are blanketing much of the Rocky Mountain and Plains regions. Fluctuating temperatures and cold, wet conditions add additional stress and health challenges for cattle, particularly for weaning calves and receiving stockers and feedlot cattle.
