February 21, 2024 | Vol. 16 : No. 2-B


Grid Pricing

Time-strapped U.S. Households Demand Easier Meal Options That Deliver More Value at the Dinner Table

Annual trends report reveals top industry insights, including consumers’ desire for more diverse and globally inspired foods on their menus.

North American consumers need protein solutions that are right-sized, simple, globally inspired and affordable. That’s according to the newly published The Protein Profile, an annual report produced by Cargill’s North American Protein business. The comprehensive findings are compiled by Cargill’s marketing and insights team, based on their own proprietary research and market intelligence gleaned from working with North America’s top retailers, food manufacturers and restaurants, and from customer and consumer surveys.

The Link

IMI partnership: Looking back, moving forward.

In January 2023, the AngusLinkSM program underwent a major transformation by joining forces with IMI Global. The new partnership was a major milestone in the history of the program. As with any major change, there were a few bumps along the way. However, as we look back at the first year, it is hard not to celebrate. We saw more than 210,000 head of cattle enroll in the program, which was the best 12-month period in AngusLink’s history.

Replacements in Short Supply

CattleFax analyst provides perspective on the availability of beef replacement heifers.

As producers look to gauge the direction of markets and the cattle cycle in the coming years, one key figure in the recent USDA Cattle Inventory report was the tight supply of beef replacement heifers.

February 7, 2024 | Vol. 16 : No. 2-A

CattleFax Forecasts Continued Producer Profitability with Herd Expansion on Horizon

Cattle producers gain leverage as reduced cattle numbers and beef production continue.

CattleFax analysts shared expert market and weather analyses Feb. 2 during the annual CattleFax Outlook Seminar hosted as part of the 2024 Cattle Industry Convention and NCBA Trade Show in Orlando, Fla. As reduced cattle numbers and beef production continue during the next three years, leverage and profitability will continue to favor cattle producers.

U.S. Cattle Inventory Down 2%

Beef cow numbers are down 2%, cattle-on-feed numbers are up from 2023.

There were 87.2 million head of cattle and calves on U.S. farms as of Jan. 1, 2024, according to the Cattle report published Jan. 31 by the USDA’s National Agricultural Statistics Service.

In The Cattle Markets

January USDA Cattle on Feed report assessment.

The USDA Cattle on Feed report released Jan. 19 with new information regarding what happened in the cattle-feeding sector during December was decidedly neutral. All the main pieces of information were very much in line with pre-report expectations.