U.S. beef exports continue to climb on a value basis, although higher prices wrought by tight supplies are beginning to dampen the volume of trade. On the other side of the equation, U.S. beef imports are increasing by necessity.
Dressed steer weights the first three weeks of September were 25-29 lbs. heavier than the five-year average, according to analysts with the Livestock Marketing Information Center (LMIC). Even so, with short cattle numbers, LMIC analysts expect the market to absorb the heavier weights and still maintain fed cattle prices near current levels.
The prospects for herd expansion for much of the rest of the decade suggest that cattle prices are likely to grind higher yet from current record levels before peaking and working lower toward the end of the decade.
Calf prices continued to flex contra-seasonal muscle, with calves trading $5-$10/cwt. higher, according to the Agricultural Marketing Service. Yearlings sold $3-$7 higher. Higher cash fed cattle prices and sharply higher wholesale beef prices provided support.
Rick and Jayne Young, Young Cattle Company have built a multifaceted backgrounding and stocker business in a part of the world where it was a novelty before 1995, when they moved here. The way they’ve grown supply and increased operational value serves as a learning model for others. Learn more about the 2014 National Stocker Award winner in this video interview.
The National Stocker Award is sponsored by Zoetis.
Dan Moser, the new president of Angus Genetics Inc., and director of performance programs for the American Angus Association, boasts a long pedigree in genetics research and education, as well as a wealth of industry involvement.
Building relationships on both sides of the trade are what drive Young Cattle Company’s expansion and success. Rick & Jayne Young are the 2014 BEEF Stocker Award Winner. The award is sponsored by Zoetis.
Yearling feeder cattle traded fully steady to $3 higher. Calves traded unevenly steady from $5 lower to $5 higher. “The biggest losses on calves were for those weighing over 500 lbs. in most cases, with gains more prevalent on lighter-weight calves under 500 lbs. in the Southeast,” say analysts with the Agricultural Marketing Service.