Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 11/9/2018
QUARTERLY RED MEAT AND POULTRY TRADE

U.S. red meat exports had a strong finish to the third quarter, according to data compiled by USDA agencies (Foreign Agriculture Service and the Economic Research Service). Beef exports are leading the way. In the third quarter, U.S. beef and veal exports on a carcass weight rose by 11% year-over-year, stretching the double-digit growth out to its third consecutive quarter. Double-digit percentage increases in beef export tonnage have been posted for eight of the last ten quarters.


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SUMMER QUARTER MEAT AND DAIRY DEMAND MIXED ON STRONG ECONOMY

The net value of goods and service produced by the U.S. economy during the summer increased at a 3.5% annual rate. That followed a solid Spring quarter, which was up 4.2%. Sustained U.S. economic growth rate over the last six months was the strongest since 2014.


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DAIRY COW PRICES DROP

    USDA’s National Agricultural Statistics Service surveys producers on dairy cow prices quarterly (published in their Agricultural Prices report). The latest release was for the third quarter. Data are collected only for cows sold to be used as dairy herd replacement purposes, the national number is calculated by weighting state values by cow inventory. Nationally, for the quarter ending October 1, 2018, the average cow price was $1230.00, a drop from the prior quarter of $90.00 (down 7%). Year-over-year the decline was $380.00 per cow (fell by 24%).


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