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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

During July, fed steer prices were quoted approximately 21 percent below the previous year and between 22 and 30 percent below July 2014 levels. Fed cattle prices experienced a strong correction during the last half of 2015, and prices have continued to trend lower through much of 2016.

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The Choice/Select spread, which is the difference in value between the Choice beef cutout and Select beef cutout, provides indications of the underlying supply and demand fundamentals in the beef complex over time.

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

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In 2015, U.S. per capita meat consumption took its largest annual jump since the 1970s, up 5 percent. However, with flat sales resulting from tight supplies and retail price peaks, beef didn’t capture its share of that growth, according to a new report from the Rabobank Food & Agribusiness Research and Advisory group.

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Beef margins continued to decline over the first half of July, with weaker cattle prices more than offsetting the impact of lower feed costs, according to the latest CIH Margin Watch report from Commodity & Ingredient Hedging LLC.

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With beef production up, cold storage inventories also rose. Total frozen beef stored in all warehouses as of June 30 was estimated at about 451.2 million pounds, according to USDA’s monthly Cold Storage report, released July 22. The total is up 1 percent from May 31, but down 5 percent from June a year earlier.

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