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International beef trade issues continue to be dynamic and are impacting cattle prices short and long term. The U.S. is a major producer of beef, pork, chicken and turkey in the world and also a major exporter of those commodities. The U.S. also is a major importer of beef. International trade is increasing in importance to the U.S. beef sector. As new trade issues surface, cattle and beef prices, as well as the competing meats’ prices, can be volatile. An increasing number of issues, some controversial, seem to be surrounding the global b...
The importance of U.S. beef exports to the U.S. cattle markets has been well-documented. Beef exports on a value basis set a record high in 2014, and so did beef byproducts. Beef byproducts are less glamorous, so their importance sometimes gets overlooked by cattle producers. However, the value of byproducts, sometimes referred to as “offal or drop value,” also plays an important role in cattle prices. Beef byproducts include all edible and inedible items from harvested cattle that are not part of the dressed carcass. The hide is the most val...
North Dakota beef cow numbers increased for the second straight year, but U.S. numbers continued an eight-year decline. The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) released the much-anticipated “Cattle” report on Jan. 31. The report documented numbers for all classes of cattle on U.S. farms and ranches as of Jan. 1. It was anxiously awaited because the July 2013 “Cattle” report was not issued by NASS due to budget reductions. The good news is that NASS has indicated it will reinstate the July 2014 “Cat...
