How High Cattle Prices Go & Industry News
We look at the current cattle market, including the bred heifer market and look at what the future may bring. Plus we have market updates, hay for sale and lots more on this all new episode of the Ranch It Up Radio Show. Be sure to subscribe on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel. EPISODE 208 DETAILS How High Can Cattle Prices Go & Industry News Will Cattle Prices Remain Strong This Fall Cattle Prices & Markets Explained Producers are watching markets closely as many are selling and shipping feeder cattle. Kirk Donsbach with Stone X Financial, INC. shares current cattle market trends and what this could mean for producers. Latest Beef Industry News Vet Says Beef Producers Must Step Up With H5 Testing A leading scientist and veterinarian, Kay Russo, warns the beef industry to start monitoring for H5 bird flu crossover from infected dairy herds. Speaking on the MeetingPod podcast, Russo noted that while the virus was first detected in dairy cattle in March and has since impacted poultry farms and workers, there's limited data on beef cattle. Russo, with a DVM from Cornell and a master’s in avian health from the University of Georgia, emphasized the importance of testing beef cattle for antibodies now that a validated test exists. She stressed, "We can only manage what we know, and this virus isn’t going away. For the complete article click HERE. Canadian Herd To Stabilize In 2025 The Canadian cattle herd is forecast to sustain the long-term trend of contraction to begin 2025 but will begin to stabilize by year’s end on improved feed pricing and availability. A smaller calf crop will be produced based on 2024 breeding stock but heifer retention should improve if feed conditions continue to remain stable or improve. Higher heifer retention coupled with a smaller calf crop will see lowered beef production and slaughter in 2025. As a percent of production, Canadian beef exports are forecast to remain strong while imports are forecast to soften on weakened consumer demand. For the complete article, click HERE. U.S. Beef Imports Up 21% in 2024 Through August 2024, U.S. beef imports saw a notable increase of 20.87%, rising from 2.51 billion pounds in 2023 to 3.03 billion pounds in 2024. Among the top contributing countries, Canada remained the largest supplier with 658.83 million pounds, a 3.18% increase from last year. Australia showed the most significant growth, with imports surging by 69.95%, reaching 635.69 million pounds, making it the second-largest beef exporter to the U.S. after Canada. Brazil also experienced a sharp increase of 41.89%, with imports growing to 496.21 million pounds. On the other hand, Mexico saw a decrease of 15.54%, with imports dropping to 386.07 million pounds. Uruguay recorded the highest percentage growth among all countries, with imports increasing by 71.46% to 198.20 million pounds. New Zealand and Nicaragua also contributed to U.S. beef imports, with increases of 8.75% and 1.76%, respectively. This growth in imports reflects increased global beef supply, with particular strength from regions like Australia and Uruguay, offsetting declines from Mexico. Overall, the U.S. beef import market has expanded significantly year-over-year. For the complete article click HERE. Faith Livestock, Faith, South Dakota Charolais Influenced Feeder Calf Sale October 16, 2024 proved to be a powerful day for selling Charolais Influenced Feeder Cattle. Check out the current market report HERE. RanchChannel.Com Now Has The Futures Markets Futures Markets RanchChannel.com now has futures markets at your fingertips! Feeder Cattle, Live Cattle, Corn, Wheat, Soybeans, Soybean Oil, Milk Class IV, and Ethanol. Information is provided by DTN and market information may be delayed by as much as 10 minutes. Click Here for more information! UPCOMING SALES & EVENTS JYJ Red Angus: November 9, 2024, Columbia, Alabama Clear Springs Cattle Company: November, 20, 2024
