Tyler Harris
U.S. LEADER: Iowa has led the nation in commercial red meat production the last two years. Prior to that, Nebraska had that distinction for 23 consecutive years, 1996-2018. From 1977 to 1995, Iowa held the title except in 1986, when Kansas had the top spot. Livestock Outlook: The U.S. beef sector is bouncing back from pandemic disruptions, but soft beef prices had pressured earnings even before the feed cost surge.
Suggested Event
Jun 15, 2021 to Jun 17, 2021
The cattle industry like probably everyone else is more than happy to keep 2020 in the rearview mirror. But emerging data document the resiliency of beef production.
UNITED STATES HIGHLIGHTS
Commercial red meat production for the United States totaled 5.05 billion pounds in March, up 1 percent from the 5.00 billion pounds
produced in March 2020.
Beef production, at 2.48 billion pounds, was 3 percent above the previous year. Cattle slaughter totaled 3.01 million head, up 3 percent
from March 2020. The average live weight was up 4 pounds from the previous year, at 1,372 pounds.
Veal production totaled 4.9 million pounds, 15 percent below March a year ago. Calf slaughter totaled 31,600 head, down 27 percent
from March 2020. The average live weight was up 34 pounds from last year, at 266 pounds.
Pork production totaled 2.55 billion pounds, down 1 percent from the previous year. Hog slaughter totaled 11.7 million head, down 2
Governor proposes $90 million for state capital investment
Department of Economic Development Commissioner Joan Goldstein presented Governor Scott s Capital Investment Grant Proposal to the Senate Economic Development Committee this week. The proposal would allocate $90 million over three years for capital investment grants to businesses and non-profits. Regional Development Corporations and Regional Planning Commissions would identify eligible projects. Twenty-five million dollars would be dedicated to outdoor recreation projects.
Senators expressed concerns about how the Agency of Commerce and Community Development would select projects. Commissioner Goldstein said they would consider ready or near-ready proposals that will leverage other financing, with projects funded in every region. The RDC/RPC inventory of projects is a work in progress, and Commissioner Goldstein said she would provide a list to the committee when it is ready.
New Zealand, Germany and Poland recorded fresh highs to start a calendar year farmersadvance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmersadvance.com Daily Mail and Mail on Sunday newspapers.
Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA NASS and AMS reports.
This is the second week of higher cash cattle after a long stretch of prices unwilling to budge. There are signs pointing to packers needing cattle to meet beef demand, and many cattle feeders are using that to hold out for higher bids.
Last week’s harvest estimate was 646,000 head, down slightly from the previous week, but about 20,000 head lower than the levels we had seen early in 2021.