The cattle price market has exploded, with fed cattle prices near $140 per cwt, up $25 from last year. Feeder calves are now over $2/pound at auction market, up from $1.60 last year. A backlog of heavyweight cattle from the pandemic with not enough slaughter capacity has given beef producers leverage. Both domestic and international demand for beef is at the highest its been in 33 years and these positive market movers should last a while with continuing declining herd numbers.
The most recent USDA Cattle on Feed report showed cow numbers declined last year to just over 30 million head, mostly in the Great Plains region where 35% of the nation’s cow herd lives.
Read more cattle price market outlooks here.
Featured
-
Fertilizer Studies Reveal Largest ROIJanuary 23, 2023
-
China’s projected population decline presents problems for international tradeJanuary 24, 2023
-
California Grape Growers Watch Trends and Supply as Wine Industry EvolvesJanuary 27, 2023
-
California Rain Brings Optimism, Slow Start to Citrus HarvestJanuary 23, 2023
-
41% of U.S. Consumers Switching to Store Brands to Combat Rising Food CostsJanuary 23, 2023