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October brought significant rain across most of Oklahoma after a very dry September. The rains came in the form of a significant fall severe weather season.
Slaughter remains higher year-over-year. Preliminary estimated federally inspected cattle slaughter for August was up 3.1% from a year ago. Notably, the weekly estimated FI cow slaughter through Aug. 28 was up 13% year-over-year.
U.S. beef exports soared to another new value record in August, topping the $1 billion mark for the first time, according to data released by the USDA and compiled by the U.S. Meat Export Federation (USMEF).
In the latest livestock trade data, August beef exports were up 21.3% year over year, with year-to-date total beef exports also up 21% from 2020. Beef exports in the month of August were an all-time record for any month.
The September USDA National Agricultural Statistics Service (NASS) Cattle on Feed report pegged Sept. 1 feedlot inventories at 11.234 million head, 98.6% of last year.
The USDA National Agricultural Statistics Service (NASS) released the midyear Cattle report on July 23, which provided a snapshot of the U.S. cattle inventory, as well as a glimpse into cow-calf producers’ intentions for retaining heifers.
Byproduct values for cattle have increased dramatically in the past few months. Hide and offal values, which have generally declined in recent years, bottomed during the early stages of the pandemic in 2020 to the lowest levels since 2009.
The week of Sept. 6, the Brazilian government announced the discovery of several atypical cases of bovine spongiform encephalopathy (BSE), commonly referred to as mad cow disease.
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