Year-to-date U.S. cattle imports total 951,910 head, down 6.3% year over year. Total cattle exports thus far in 2022 are 192,415 head, down 36.7% from the record cattle export total last year.

The U.S. beef export market has shown that it will continue to expand, even if export access is lost to key countries.

Aided and abetted by the drought, feedlots put together another month of large placements in July.

On July 22, the USDA National Agricultural Statistics Service (NASS) released the midyear Cattle report. It provided a snapshot of the U.S. cattle herd, which includes both beef and dairy cattle as well as a glimpse into producers’ outlook for retaining heifers and the availability of cattle for placement in the coming year.

At the close of the year’s second quarter, beef cattle producers continue to cull a large portion of their breeding herds, as shown in Figure 1 of weekly volumes of federally inspected beef cow slaughter for the previous three years.

The USDA on July 20 revised the payment rate for its Livestock Indemnity Program (LIP), nearly tripling compensation for young calves lost to producers. LIP payments, which are distributed through FSA, are based on 75% of “average fair market value.”