November 22, 2023 | Vol. 15 : No. 11-B
Fed-cattle prices increased from an average price of $161 per hundredweight in the first quarter of 2023 to $180 per cwt. in the third quarter, or 12%. Moreover, feeding cost of gain had declined from its peak earlier this year.
The Nov. 1 Cattle on Feed Report was a much-anticipated report for the industry, as the Oct. 1 report surprised analysts with a much larger than anticipated placement number. The latest Cattle on Feed report was not as bearish. Placements were up 3.8% compared to a year ago, but last October’s placement numbers were extremely low. This placement number came in dramatically below the pre-report estimates of 106.1%. Marketings were expected to decline 2% and ended up down 2.5%, pretty much in line with industry expectations.
Even with more marbling than ever in today’s beef, the market still demands more of the best, said Sara Scott, vice president of foodservice for Certified Angus Beef. She spoke at the recent Feeding Quality Forum in Lincoln, Neb.
November 8, 2023 | Vol. 15 : No. 11-A
Among Angus cattlemen, Seldom Rest Farms of Niles, Mich., is a brand synonymous with show-ring success. But a few times a year, it’s not a flood of frenzied heifer buyers pulling into the driveway.
At the retail level, November brings a brief shift in focus, away from beef to turkey and ham, for Thanksgiving meals. Current wholesale prices for each of these protein items are trading at steep discounts compared to the prior two years.
Pasture, Rangeland and Forage Rainfall Index insurance (PRF) continues to gain popularity. PRF is insurance against low precipitation that may be correlated with reduced feed production.
Learn how to overcome barriers in the beef business with the Angus genetics you purchased. See our latest Angus Beef Bulletin online.
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