WASDE Lowers 2018 Red Meat, Poultry Production Estimate

The USDA Thursday lowered its 2018 total red meat and poultry production forecast from October as lower beef, pork and turkey production estimates more than offset predictions of higher broiler production. The revised production outlooks came in the USDA’s monthly World Agricultural Supply and Demand Estimates report, which came at noon ET.  The report also … Read More

Moody’s Analytics: Trade Policy A Delicate Balance

Some things must be handled delicately, and crafting trade policy is one of them, said Moody’s Analytics in a white paper titled Pride and Protectionism:  US Trade Policy and Its Impact on Asia. Many of President Donald Trump’s trade policies are aimed at addressing perceived adverse effects of trade on US manufacturing employment and improving … Read More

Beef, Veal Exports Hold Above 2017, Average

US monthly beef and veal exports declined seasonally in September but remained above last year and the 2012-2016 average, while pork exports continued to be affected by retaliatory duties in China and Mexico. Data from the USDA’s Foreign Agricultural Service and compiled by the US Meat Export Federation showed that pork muscle-cut exports were up … Read More

Strong Beef Demand Critical For 2019: Economist

Strong beef demand has been a key in 2018 and will be critical as higher beef production carries over into 2019, said Derrell Peel, Oklahoma State University Extension Livestock Specialist in a letter to Extension agents. Beef production this year is up 2.7% because of higher slaughter and carcass weight increases.  In the past six … Read More

Funds Backing Away From Long Cattle Position

Large commodity investment funds, known as managed money, continued to back away from their collective net long live cattle futures position in the week ended Tuesday as cattle owners pulled back from their net short position. That conclusion came from data supplied by the Commodity Futures Trading Commission in its weekly Commitments of Traders report. … Read More

Beef, Veal Export Values Top Other Meats

Year-to-date 2018 export values for beef and veal exports have the highest value of meat and poultry products, averaging $2.36 per pound, driven largely by high-value markets in Asia, said the USDA in a recent report. And, despite representing less than 0.1% of total 2018 US animal protein export volumes, lamb and mutton shipments have … Read More

Choice Beef Production Capped By USDA

The percent of monthly beef production graded choice or select has declined so far this year, and the reason can be put on the back of the USDA. The US method of producing beef for the table produces more carcasses that are graded choice by USDA meat inspectors or cameras than it does select.  For … Read More