Beef Production Raised, Liquidation Continues
Beef production is raised for both 2012 and 2013 in the latest World Agricultural Supply and Demand Estimates, released by the USDA.
13 August 2012
1 minute read
Higher expected placements in feedlots and increased dairy cow slaughter, due to high feed costs will increase beef production.
Carcase weights are forecast higher based on recent weight trends, but higher feed prices are expected to temper the increase and carcase weights are expected to be lower in 2013 compared to 2012.
Cattle prices are reduced from last month with the expectation of larger fed cattle marketings in both 2012 and 2013. However, prices are likely to remain strong in 2013 as total meat supplies are tight.
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Further ReadingYou can view the full report by clicking here. |
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