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Market Reports

Read new forecasts and indicators involving beef cattle and feed markets. Find out what factors are affecting prices.

LATEST

Negotiations with China regarding the details of an agreement to ship U.S. beef to China have been ongoing for the last few months, and were finalized June 12. It didn't take long for the Greater Omaha Packing Company to take advantage.

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The USDA forecasts 2.3 percent growth in U.S. beef production in 2018, based on larger 2016 – and expected 2017 – calf crops projected to support increases in cattle placements in late 2017 and early 2018.

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Click the date to see the latest Progressive Cattleman Market watch. (PDF)

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Step one of U.S. beef exports to China is completed. The first step of opening any international market is the political process of negotiating access and agreeing on the conditions and stipulations of that access. Step one establishes the game and the rules of the game.

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U.S. meat production is growing more slowly than previously expected. Many analysts have trimmed their estimates, and the USDA, in the latest monthly estimates, reduced forecasts for 2017 beef, pork and poultry production from earlier levels.

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In April, U.S. red meat exports slowed moderately from the red-hot pace established in March but were still significantly higher year-over-year, according to statistics released by the USDA and compiled by the U.S. Meat Export Federation (USMEF).

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