BEEF
June exports of beef reached highest in two years. Pork exports were lower, they exceeded value from 2023.
Tyson Foods surpassed Wall Street expectations for third-quarter revenue and profit, indicating that demand was rebounding for its meat products, while lower grain prices reduced costs for animal feed.
Just recently a sixth pork facility was approved to export to Maylaysia. Approving beef plants has been more complicated, but USMEF continues working on the process.
The Martin-Gatton College of Agriculture, Food and Environment Meat Cutting School offers fun and impactful hands-on workshops, adding valuable skills to the labor force in Kentucky’s meat processing industry.
Peer Ederer will present K-State’s prestigious Gardiner Global Food Systems Lecture on Oct. 7.
USMEF is working with USDA and Public Health Information System as well as industry partners to eliminate other barriers for U.S. meat shipments to Canada.
Despite shifting sentiment on immigration, demographic trends will necessitate a moderate path on immigration.
The Biden-Harris Administration invests $110 Million through the Meat and Poultry Processing Expansion Program (MPPEP) and the Local Meat Capacity (Local MCap) Grant Program.
Profits continue to increase for both cattle and hog producers.
Profit margins for cattle feeders rose significantly in the past week.
Profit margins for cattle feeders moved higher last week while pork producers saw a dip in profitability.
Cattle feeders’ profits last week were $367 per head more than at the same time last year when $196 per head losses were recorded.
Cattle feeders saw a significant, unseasonal bump in profit margins last week.
The dog days of summer are nowhere to be found with profits continuing to increase for both cattle and hog producers.
Despite a $17 per head decline, average feedyard margins remained above $300 last week.
Cattle feeding margins declined $70 per head last week, but remain more than $280.
Cattle feeding margins declined $87 per head last week, but remain near $200.
Profitability for both cattle and hog producers has been losing steam for the past month, but things could be a lot worse.
Profits jumped higher on a $4 per cwt. advance in cash prices despite a $6 per head increase in feed costs, according to the Sterling Beef Profit Tracker.
Cattle feeding margins increased $10 per head last week as cash cattle prices improved, according to the Sterling Beef Profit Tracker.
Record cash fed cattle prices last week at $171 - $172 per cwt. boosted cattle feeding margins $22 per head, according to the Sterling Beef Profit Tracker.
Cattle feeding margins declined $52 per head last week despite steady cash prices.
Cattle feeders saw profits climb to $213 per head after slipping to $175 per head the week before.
Profit margins declined just $4 per head last week, but are $9 per head higher than a month ago, according to the Sterling Beef Profit Tracker.
Beef packers saw modest improvement to their long-running negative margins.
Last week, when cash cattle traded at $173 to $174 per cwt., average feedyard margins dropped to $132 per head, according to the Sterling Beef Profit Tracker.
The pain eased somewhat for cattle feeders last week, but losses remain more than $170 per head.
It was another ugly week for cattle feeders.
Beef packers put away the red ink last week as they turned modest profits on every animal processed. Feedyard margins, however, slipped a little further away from positive.
Cash cattle prices dipped nearly 50 cents per cwt.