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TheBeefSite Newsletter - 23 March 2011

Welcome to this week's newsletter

Producers Benefit From Record High Retail Prices

For the second month in a row, US retail beef prices were record high in February, and the futures market is forecasting that prices will remain this way.

Last week, the choice boxed beef carcase cutout value was $187.01/cwt, up $6.18 for the week. The select cutout was up $6.17/cwt from the previous Friday to $185.87/cwt.

So far, these increases in prices have been captured by producers, as opposed to retailers. Feedyards are benefiting directly from the high prices, and in turn passing them to their suppliers as higher feeder cattle bids.

The FAO has forecast that world wheat production for 2011 will increase by 3.4 per cent, to 676 million tonnes.

The growth is due to increased or an expected increase in plantings, in response to strong prices, while yield recoveries are forecast in areas that were affected by drought in 2010.

Pig producers from Canada, the US and Mexico have called on governments to prioritise the use of grains for human and animal consumptions.

Last month's USDA report raised concerns that the US was very close to not having enough grain to feed the US's population of people or animals. A shortage of feed for animals would result in much higher costs for meat.

Charlotte Johnston

TheBeefSite Book Focus

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* This Week's Feature Articles

We have 3 new features this week:

Bovine EID Update
At the end of February, the European Commission announced that it was working on a proposal to introduce electronic identification in bovine animals. TheCattleSite Editor Charlotte Johnston speaks with Sergio Pavon, the European Commission official in charge of animal identification and traceability to find out more.
To Improve Animals, You Must Improve Performance
Most beef producers still prefer to make selection decisions based on what an animal looks like, rather than a calculation of its genetic merit. However, this tradition may be undermining future profitability, writes Wayne Upton, Beef CRC extension specialist.
Livestock, Dairy, and Poultry Outlook - March 2011
US beef exports for 2011 are forecast at 2.43 billion pounds, whilst dairy exports are expected to remain strong, outweighing the increasing feed costs, according to the latest Livestock, Dairy, and Poultry Outlook from the USDA's Economic Research Service.
Animax Veterinary Health
* Company News

Merck & Sanofi-Aventis To Maintain Separate Businesses
US & FRANCE - Merck and sanofi-aventis announced today the mutual termination of their agreement to form a new animal health joint venture by combining Merial, the animal health business of sanofi-aventis, with Intervet/Schering-Plough, Merck's animal health unit. As a result, each party will keep its current, separate animal health assets and businesses.
* Global Beef Cattle Industry News

   Russian Federation

 » FMD NEWS: FMD Breaks Out in Russia
 » AgroFarm 2011 On Course For Growth

   United States

 » CME: Shares of Retail Beef Prices
 » Permits Needed Only If Dumping Manure In US Waters
 » In The Cattle Markets
 » Cattle Outlook: Retail Beef Prices Remain High
 » The Future of Animal Agriculture?
 » CME: Producer Price Indices For Pork, Beef, Broilers
 » Tyson Foods Positioned For Continued Success
 » United States Cattle on Feed Up Five Per cent
 » Update On Corn Consumption
 » CME: Daily Livestock Report
 » Border Violence Threatens Spread Of Tick Fever
 » Wyoming Rancher Urges Congress To Support GIPSA
 » Proper Sire Selection Vital To Beef Herd Performance

   General

 » CME: Overall Impact Of Japanese Nuclear Situation
 » Govts Urged To Prioritise Feed Grains
 » Global Wheat Production To Increase In 2011
 » France & Ireland Set Out A Strong CAP For The Future

Intervet/Schering-Plough Animal Health
   United Kingdom

 » Armagh Herd Clear Of Brucellosis
 » Calls For TB Reactor Clearance Policy Review
 » First Mull Monitor Farm Attracts Large Crowd
 » Discounts On Older Cattle Must Be Challenged
 » Online Welfare Training Courses Launched
 » Scotch Beef Makes Presence Felt In China
 » Beef Expo 2011 Farm Tours To Be Truly Inspirational

   Ireland

 » Cheaper, Faster Genetic Improvements On The Way

   Canada

 » More Transparency On Food Safety Enforcement

   Australia

 » New Sub Clovers Putting Mites Right
 » Weekly Australian Cattle Summary
 » Herefords Dominate Mountain Calf Sales
 » Genomics And Future Food Production
 » Good Results From Domestic Beef Campaign
 » EBVs And Genomics Increase Accuracy
 » Helping Young Farmers Improve Their Business

Genus - Value through science and genomics
   Mexico

 » Opportunities For DDGS Sales To Mexico

   European Union

 » Potential Paths For Future Farming

   France

 » €200 Million Paid To Suckler Producers

   Japan

 » USGC Keeps Keen Eye on Valued US Customer

   New Zealand

 » Can Biochar Suppress Greenhouse Gases?

   Taiwan

 » Foot and Mouth Disease Breaks Out in Taiwan



That's all for this week!

Ed.
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