Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 9/11/2017
PERSPECTIVE ON THE CULL COW MARKET

The bulk of U.S. beef cattle operations wean calves in the fall months, and that is also when they select cows for culling and begin to sell them. Many cow-calf operations in the drought impacted northern High Plains states have already pregnancy checked their cows, which is earlier than normal. Most of those cows already have or will soon be sent to market.


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U.S. MEAT AND POULTRY INTERNATIONAL TRADE UPDATE

International trade plays a critical role in the U.S. meat and poultry sectors. On Thursday, September 7th the USDA’s Economic Research Service (ERS) compiled and posted July’s monthly U.S. meat and livestock international trade data. For meat and poultry, ERS converts the raw product weight data to carcass equivalent for meats, and poultry is reported on a ready to cook basis. In this newsletter, only the tonnage is summarized, and other important aspects of U.S. exports like variety meats (liver, tallow, etc.) and hides/skins are not discussed.


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LOOKING AHEAD AT CALF PRICES

The LMIC is forecasting that calf (500-to 600-pound steer) prices in the Southern Plains will average above 2016’s depressed quarterly average this fall (October-December). Does that mean calf prices in 2018 and 2019 will continue to post year-over-year increases? The answer is no, at least producers should not be basing their financial plans on such.


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