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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

While the partial government shutdown remains in force, market reports are no longer happening, but some market experts are able to give some insight as to what 2019 might have in store for the U.S. cattle market.

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Large supplies, record exports and trade concerns are just a few of the topics that dominated the beef headlines in 2018. Amidst all of these factors, U.S. calf and yearling prices have showed relatively consistent strength throughout the year.

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

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The forecast for 2018 beef production was lowered by 30 million pounds to 26.9 billion pounds. The mild revision is based on numbers at the closeout of the third quarter along with fourth-quarter expectations of slightly fewer steers and heifers to be slaughtered and fewer bulls in the slaughter mix.

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The latest meat trade data shows that meat exports are continuing to help offset record meat production in 2018. Each of the major meats – beef, pork and poultry – is projected to reach record levels in 2018 and will combine to push total U.S meat production to a record level of 102.3 billion pounds, up 2.6 percent year over year.

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The forecast for 2018 beef production was lowered by 150 million pounds to 26.9 billion pounds. The revision is based on adjustments to the third quarter and, in the fourth quarter, expectations of fewer steers and heifers to be slaughtered more than offset the anticipation of more cows added to the slaughter mix.

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