Rendered Ingredients Significantly Influence Sustainability, Quality and Safety of Pet Food

– Meeker and J. Meisinger, J. Anim. Sci. 2015.93:835–847, condensed by Steve Boyles, OSU Extension Beef Specialist

The United States currently produces, slaughters, and processes approximately 112 million pigs, 32 million cattle, and 8.5 billion chickens annually. The current volume of raw material rendered in the United States and Canada is nearly 25 million tons.  Meat consumption worldwide is expected to increase to about 100 pounds per capita by 2030. This large increase is mostly due to the increase in meat consumption by people in developing countries.

A DESCRIPTION OF RENDERING:  Rendering is one of the Continue reading

Factors Behind the Recent Cattle Market Downturn

– Dr. Kenny Burdine, Livestock Marketing Specialist, University of Kentucky

There continues to be a great deal of discussion surrounding the current cattle market and specifically why prices dropped so much over the course of 2015 and 2016. It is one of the most common questions I am asked when I travel the state and it has been written about in farm and popular press. There is a lot of frustration among those in the industry and also a great deal of misinformation circulating. My motivation for writing this is simply to provide some objective information and answer some questions that are out there. There are multiple factors behind the price drop from 2014 to the present and Continue reading

Strong Trade Numbers and Good Technicals

– Stephen R Koontz, Agricultural and Resource Economics, Colorado State University

The market fundamentals news released last week was excellent for all the meat production sectors.  The USDA released meat and poultry trade data last week for the month of January.  The main conclusion from the information is that exports were stronger and imports were weaker.  And this is in the face of a continuing strong dollar.  The U.S. dollar did not strengthen appreciably in January but did rally to two-year highs during the last half of 2016.  This is likely when the Continue reading

Implications of Heavyweight Feedlot Placements

– Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist

The February USDA Cattle on Feed showed that January feedlot placements were 111.3 percent of last year while marketings were 110.2 percent of one year ago. There was one extra business day this January compared to last year. The Feb. 1 on-feed total was 10.8 million head, 100.7 percent of last year. The report was well anticipated with no surprises in any of the numbers.

Something new beginning with this report is more detail on heavyweight feedlot placements. This and future reports will Continue reading

Mid-Sized Feedlots Exit the Industry

– Katelyn McCullock, Economist, American Farm Bureau Federation

February’s Cattle on Feed Report provides some unique insight of the previous year’s feedlot capacity.  The daily livestock report highlighted some of the key points last week.  The monthly cattle on feed report provides numbers of those feedlots with 1000 of more head.  However, this represents only 7% of the Continue reading

February Cattle on Feed Report Summary

– Josh Maples, Assistant Professor,Department of Agricultural Economics, Mississippi State University

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report on Friday February 24, 2017. The report was in line with pre-report expectations for placements and marketings. The total number of cattle on feed was Continue reading

In Search of Income, Don’t Underestimate the Impact of Change

– Kris Ringwall, Beef Specialist, NDSU Extension Service

In 2012, the Dickinson Research Extension Center switched to May calving.

We continue to tread along that path. I say “tread” because change always has a knob or two that needs adjustment.

One of those knobs that need adjusting is selling the calves, or searching for income. The adjustment is timing and how different markets react to different weights of cattle. Either way, as a producer shifts the calving date, he or she finds himself or herself in Continue reading

What About Trade?

– Brenda Boetel, University of Wisconsin-River Falls

On Friday, February 10, 2017, Japanese Prime Minister Shinzo Abe met with President Trump on several issues including potentially laying the groundwork for a bilateral trade agreement. With the withdrawal from the Trans Pacific Partnership, a bilateral agreement with Japan is important to the US cattle industry.

US beef exports are expected to grow 5.6 percent in 2017 and the US is expected to retain the position of Continue reading

Beef Herd Expansion Continues Despite Lower Prices

– Dr. Kenny Burdine, Livestock Marketing Specialist, University of Kentucky

USDA’s annual estimate of the number of cattle in the US held some surprises this year.  While this report is typically not a short-term market mover, it has considerable implications in the long-term as we consider the size of the US cowherd.  It was not surprising that the US beef herd grew over the course of 2016, but it did grow at a rate that exceeded most expectations.  According to the report, US beef cow numbers grew by Continue reading

Increasing Cattle Exports to Mexico and a Little More in the Inventory Report

– David P. Anderson, Professor and Extension Economist,Texas A&M AgriLife Extension Service

For some months there has been talk of cattle feeders receiving bids for fed cattle from Mexican packers.  Looking at the trade data indicates that slaughter cattle are moving South from South Texas feeders after many years of no trade.  USDA AMS reports weekly cattle imports from and exports to Mexico.  U.S. producers commonly export beef cattle breeding stock to Mexico.  But no slaughter cattle exports were reported from Continue reading