Beef Magazine is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

U.S. Beef Exports, Prices On The Rise

The slack U.S. supply and strong exports have pushed up prices. 

USDA reports an increase in cattle on feed to help address rising export demand and higher prices.

According to the report, consumers are likely to face tight supplies and high prices for red meat at the supermarket next year. Beef production is forecast to drop 5% next year, a reflection of a reduction in U.S. cattle herds to their lowest levels since the late 1950s.

Feeder cattle rose 4% to 12.1 million on Dec. 1 from a year earlier. In Iowa, feedlot placement were down 3% to 570,000 animals. Iowa is the nation’s fifth-largest cattle feeding state, trailing Texas, Nebraska, Kansas and Colorado.

To see the full article, click here.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish