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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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meat_regNovember exports of U.S. beef reached their highest monthly volumes in more than two years, according to results compiled by the U.S. Meat Export Federation (USMEF).

Beef export value in November was $389.5 million, an increase of nearly 50 percent over November 2009. By volume (101,323 metric tons), beef exports exceeded the year-ago level by 32 percent. For the first 11 months of 2010, exports were 18 percent above 2009 in terms of volume (964,369 metric tons) and 30 percent higher by value ($3.67 billion). The value total is about 1 percent ahead of the 2003 pace when beef exports went on to set a single-year record of $3.86 billion. Exports accounted for 11.6 percent of production with a per-head value equivalent of $150.36 ($178. 20 in November) - up dramatically from the 2009 totals of 9.8 percent and $117.80.

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0111pc_peck_1Anyone who hasn’t been following the events occurring throughout the Argentine cattle business for the past four years will find the following astounding. Those with even a cursory interest in beef happenings across what’s been called the Western Hemisphere’s oldest beef export industry will simply shake their head in dismay. And even the most hard-hearted protectionist cattleman in this country should have some sympathy for the plight of the average Argentine cattle farmer.

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0111pc_marketreport_1November saw cattle markets continue to account for the two contrasting factors on the forefront this fall; extremely high and highly volatile grain and feed costs versus tight supplies of beef cattle at every level of production and the expectations that the availability of stocker calves next spring will not be nearly enough to meet demand.

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0211pc_marketreport_1Holiday interruptions did not stunt the demand for beef cattle, with all classes continuing to gain ground. Year-end market activities tend to scare beef producers as fears of Christmas 2003 (BSE outbreak) are rekindled and folks remember just how vulnerable prices are to the public’s perception of our product.  However, massive herd reduction has put a bullishness to the supply-side which is far outweighed by demand as exports continue to inch closer to regaining what was lost seven years ago. Unforeseen factors seem to be the only ones to threaten these inflated markets, since fundamentals appear almost invincible. Many industry members expect extremely tight supplies to culminate in 2011, which could result in all-time record high prices at every level of production.

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October was a very strong month for U.S. red meat exports, according to results compiled by the U.S. Meat Export Federation (USMEF). Beef exports achieved their second-highest value of the year at $375.3 million (trailing only June's $377.6 million), surpassing the September total by 11 percent and beating October 2009 by an impressive 37 percent.

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feedlot_regCattle and beef markets across the board have jumped sharply in the past several weeks and both Live Cattle and Feeder Cattle futures prices suggest that the industry is in for an extended period of largely unprecedented cattle prices.

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