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INDUSTRY NEWS

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

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The U.S. beef herd size periodically cycles through expansion and contraction, with about a 10-year cycle. This cycle is largely due to the time it takes to build because of cattle biology. 

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The cattle industry is ever-changing and always presenting new opportunities for ranchers, cattle feeders, beef packers and veterinarians. The future of keeping beef in the center of the dinner plate is dependent on forward-thinking meetings that engage all segments of the beef industry.

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Fifth-generation Florida rancher Marty Smith was elected president of the National Cattlemen’s Beef Association (NCBA) at the annual Cattle Industry Convention on Feb. 8. He replaces Jennifer Houston of Sweetwater, Tennessee, 2019 NCBA president.

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December beef exports totaled 111,315 metric tons (MT), down 1% from a year ago, valued at $682 million (down 3%). 2019 exports totaled 1.32 million MT, 2.5% below the previous year's record volume. After increasing by more than $1 billion in 2018, beef export value eased by 3% to $8.1 billion.

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The USDA NASS Cattle on Feed report for January was released Jan. 24. My take on the report is that it was reasonably neutral. Placements, marketings and on-feed numbers were all well within pre-report estimate ranges and were, in fact, very close to pre-report averages.

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President Donald Trump signed the U.S.-Mexico-Canada Agreement (USMCA) into law at a ceremony at the White House last week. USMCA still needs to be ratified by Canada’s parliament before it can take effect, but after more than a year of negotiations between the Trump administration and key Democrats in Congress, the trade agreement finally has full U.S. approval.

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