Current Progressive Cattle digital edition
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Slaughter remains higher year-over-year. Preliminary estimated federally inspected cattle slaughter for August was up 3.1% from a year ago. Notably, the weekly estimated FI cow slaughter through Aug. 28 was up 13% year-over-year.

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U.S. beef exports soared to another new value record in August, topping the $1 billion mark for the first time, according to data released by the USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Domestic red meat demand and corn prices are two current drivers of the fed cattle market.

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In the latest livestock trade data, August beef exports were up 21.3% year over year, with year-to-date total beef exports also up 21% from 2020. Beef exports in the month of August were an all-time record for any month.

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An online tool is now available to help ranchers document and estimate payments to cover feed transportation costs caused by drought, which are now covered by the Emergency Assistance for Livestock, Honeybees and Farm-raised Fish Program (ELAP).

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