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Market Reports

Read new forecasts and indicators involving beef cattle and feed markets. Find out what factors are affecting prices.

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U.S. beef exports slowed slightly in April when compared to the all-time record highs of the previous month, but still performed well above last year’s pace. April beef exports totaled 103,213 metric tons valued at $429.7 million – increases of 25 percent and 38 percent, respectively, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Demand for both beef and pork increased noticeably through the first quarter of this year according to demand indexes calculated by the Livestock Marketing Information Center. The first quarter demand index for beef worked out to 79 in 2011 compared with 74 in 2010.Q1. Similarly, the pork demand index increased from 76 to 85 from 2010.Q1 to 2011.Q1. Improving domestic demand and strong exports have helped push retail beef and pork prices to historic highs. In fact, in April both all fresh beef retail and pork retail prices reported by USDA Economic Research Service hit new record levels: 445.3 cents/pound for beef and 337.7 cents/pound for pork.

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0611pc_peck_1Brazil
The U.S. may lift a ban on fresh beef imports from some Brazilian states this year, according to a Brazilian official.

“There are well-founded reasons to believe the situation may be solved by the end of this year,” Emilio Garofalo, secretary of the government’s Foreign Trade Chamber, said in an interview from Brasilia.

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National Feeder Cattle Summary for May 27

0611pc_marketreport_1All publicly traded commodity markets experienced a massive sell-off with the onset of May, which coincidentally or otherwise matched the timing of Osama Bin Laden’s demise. Regardless, speculative investors began moving their money out of oil and agricultural products and reinvesting in an assortment of money markets.

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feedlot_regUSDA-NASS released the May Cattle on Feed report on May 20. Cattle continued to pour into feedlots in April, with cattle and calves on feed in feedlots with capacity of 1,000 or more head totaling 11.2 million head on May 1, up 7.4 percent from last year. The trade had estimated a 6.5 percent increase from last year.

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