U.S. Beef Slaughter – Through week 44

Weekly FI Beef Slaughter

Source: USDA, AgPresent As this year has been a whirlwind of issues in the processing world due to Covdi19, total beef production was severely impacted. Year-to-date total federally inspected slaughter by metric tons of commercial production is down -16.1%. Week 44 is down -1.1% over the previous week. With backlogs from spring, the industry continues…

Brazilian Fed Cattle Prices -January 2020

Brazilian fed cattle continue their high prices due to strong demand from exports (China), as well as tight supplies. Average year-over-year prices in January were up +16% over 2019, but noting a monthly decline from December of -$0.63 per lb, or -8.3%. With such a large shortage of pork in the world, substitutes like beef…

U.S. Hay Exports

U.S. hay exports as of October 2019 were up +5.6% YTD over 2018, with top markets in Asia and the Middle East. Saudi Arabia continues to be an emerging market with strong growth thanks to its decision to stop using groundwater for forage production. Asian growth has seen strong growth due to increased demand from…