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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

The USDA National Agricultural Statistics Service (NASS) released its semiannual Cattle report on Jan. 31. The total number of cattle and calves on Jan. 1, 2020, was estimated at 94.4 million head, nearly 400,000 head lower than the previous year.

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The 2019 fourth-quarter beef production forecast was adjusted higher by 15 million pounds from the previous month to 7 billion pounds, which raised the forecast for annual production to 27.2 billion pounds. The increase was based on a faster-than-expected pace of non-fed cattle slaughter in December, in particular beef cow slaughter.

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The 2019 fourth-quarter beef production forecast was raised by 100 million pounds from the previous month to nearly 7 billion pounds. This raised the forecast for annual production to 27.1 billion pounds.

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The 2019 beef production forecast was raised by 88 million pounds from the previous month to 27 billion pounds. The increase was based on a faster-than-expected pace of fed cattle slaughter and greater expected cow slaughter.

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The 2019 beef production forecast was reduced by 5 million pounds from the previous month but remains at a rounded 26.9 billion pounds. The reduction was based on a slower-than-expected pace of fed cattle slaughter that was partially offset by greater expected cow slaughter and slightly higher expected cattle dressed weights.

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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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