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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

On Aug. 9, a fire damaged Tyson Foods’ Holcomb, Kansas, beef processing plant, rendering it inoperable through 2019, according to the company. This plant was estimated to have a capacity equivalent to about 5% to 6% of fed cattle slaughtered weekly.

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In July, USDA National Agricultural Statistics Service (NASS) released the midyear cattle report, which provided a snapshot of U.S. cattle inventory as well as a glimpse into cow and calf producers’ intentions for retaining heifers.

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

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Total cattle imports in July were down 4.1%, with year-to-date total cattle imports up 14.7% year over year for the January through July period. Cattle imports in 2018 totaled 1.9 million head, including 66.8% Mexican cattle and 33.2% from Canada.

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The lingering effects of inclement weather conditions earlier in the year and a greater proportion of heifers and cows in the slaughter mix have largely kept cattle weights below expectations from the previous month. Average cattle carcass weights appear to have bottomed in the week ending June 1, 2019, at 790 pounds.

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May exports of U.S. pork and beef were steady with last year’s strong volumes and increased year-over-year in value, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

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