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INDUSTRY NEWS

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

LATEST

Unexpectedly large December placements once again pushed feedlot inventories higher year over year on Jan. 1. Feedlot placements in December were 106.5% of last year, higher than the average trade expectation and above the trade estimate range.

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President Biden met with farmers, ranchers and independent processors from across the country Jan. 3 to outline the Biden-Harris administration’s Action Plan for a Fairer, More Competitive and More Resilient Meat and Poultry Supply Chain.

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CattleFax has introduced its annual cow-calf survey. Information requested in the survey provides participants and the rest of the industry with valuable data regarding industry benchmarks and trends.

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During the past three months, from October to December, the USDA Animal and Plant Health Inspection Service’s (APHIS) Smuggling Interdiction and Trade Compliance (SITC) program seized and destroyed more than 1,900 pounds of prohibited pork, poultry and ruminant products from New York City-area retailers.

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Beef exports continued on a record pace in the latest data for November. Total beef exports were up 8.1% in November and are up 18.5% year over year for the first 11 months of the year.

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During December 2020, the price for 500- to 600-pound steers in South Dakota briefly averaged above $190 per hundredweight (cwt) for a couple of weeks, a level last observed in early 2016.

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