Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 7/12/2019
WETTEST SPRING SINCE 1995 LEADS TO LUSH PASTURES

Range and pasture rated in either good or excellent condition as of July 7 stood at 69%, according to the USDA’s National Agricultural Statistical Service (NASS) in their weekly crop weather bulletin. Last year, 51% of pasture were judged that favorable. At the other end of the spectrum, 8% of pastures were rated in poor to very poor in the latest week compared to 21% a year ago. The commentary from USDA-NASS that accompanied their estimates of crop plantings, released in late June, noted that this was the wettest June for the lower 48 States since 1995.


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TRADE UNCERTAINTIES CONTINUE FOR U.S. MEAT EXPORTS

The U.S. trade data were recently released for May and showed that total U.S. beef exports on a carcass weight basis were down marginally (-0.1%) compared to the same month a year ago. Total beef exports for the first five months of the year are down 3.9% compared to the same timeframe last year. Although U.S. beef exports to Japan are down 4.5% year-to-date, they remain the top destination for U.S. beef product.  South Korea, the number two destination for U.S. beef exports, remains a bright spot as year-to-date shipments are up 11.7%. U.S.


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U.S. PORK PRODUCTION RISING

As of June 1, 2019, the number of animals in the U.S. continued to trend higher. NASS released the data in the Quarterly Hogs and Pigs report on June 27. At 75.52 million animals, the total U.S. herd was 3.6% above a year earlier, which was record-large. The number of market hogs totaled 69.11 million head, a year-over-year increase of 3.9%. Compared to pre-report estimates, the biggest surprise was a 3.5% jump-up compared to a year earlier in pigs saved per litter during the March-May timeframe. That bolstered the number of animals weighing under 50-pounds.


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