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INDUSTRY NEWS

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

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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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The December Cattle on Feed report showed November placements 103.6% of last year and marketings 105.3% of one year ago. November had one more business day than 2021.

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Livestock market transparency takes the spotlight on Capitol Hill as two bills make it past the House floor, legislation that would extend the authorization for livestock mandatory reporting (LMR) through the end of September.

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Tornadoes in Kentucky

On Dec. 10, a severe tornado outbreak unleashed at least 50 tornadoes across the mid-South, destroying homes and entire communities and causing widespread damage to farmlands and livestock facilities.

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As 2021 winds to a close, cattle markets seem to finally be able to move out from under the specter of the pandemic impacts that began 18 months ago.

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