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INDUSTRY NEWS

Read coverage of beef industry news and promotions for producers, operations and cattle organizations.

LATEST

U.S. beef exports soared to another new value record in August, topping the $1 billion mark for the first time, according to data released by the USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Domestic red meat demand and corn prices are two current drivers of the fed cattle market.

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In the latest livestock trade data, August beef exports were up 21.3% year over year, with year-to-date total beef exports also up 21% from 2020. Beef exports in the month of August were an all-time record for any month.

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An online tool is now available to help ranchers document and estimate payments to cover feed transportation costs caused by drought, which are now covered by the Emergency Assistance for Livestock, Honeybees and Farm-raised Fish Program (ELAP).

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The USDA announced Oct. 4 an additional $100 million in funding from the American Rescue Plan (ARP) Act to help private lending for the expansion of meat and processing capacity, in addition to other food supply chain infrastructure.

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The September USDA National Agricultural Statistics Service (NASS) Cattle on Feed report pegged Sept. 1 feedlot inventories at 11.234 million head, 98.6% of last year.

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