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US Beef Demand: The Risk of Recovery
The optimistic anticipation of a post-pandemic world continues to intensify with the ongoing distribution of Covid-19 vaccines. From a beef industry perspective, virus control will relieve much of the current strain on the processing and distribution sectors.
Throughout the next several years, innovations accelerated by Covid-19 will go live, as well as technological advancements across the supply chain. Simultaneously, tighter cattle supplies from a declining beef cow herd will...
ANALYSIS: Australian Beef and Veal Exports to USA Hit Record Low in November
This week the Australian Department of Agriculture (DAFF) reported total beef and veal shipments to the United States at...
ANALYSIS: Cash Cattle Prices Could See Pressure in Q1
Boxed beef prices appear to be seasonally topping after staging an impressive rally throughout November. Although some primals continue to be...
ANALYSIS: Ribeye to Strip Spread Continues to Widen Into Year-End
If we look at the chart for the spread (or price difference) between the ribeye and strip loin, it usually...
ANALYSIS: The Spread Between Wholesale and Retail Beef Prices
During the COVID-19, wholesale beef prices have moved through phases as the situation changed...
NCBA and NAMI Respond to USDA Report on Cattle Markets
The USDA suggested broader reporting requirements for meatpacking companies as it investigates cattle market movements driven by the coronavirus pandemic and a fire at a major beef plant. The USDA stated in a report in conjunction with the U.S. Department of Justice that it continues to investigate potential regulatory violations and anticompetitive conduct within the industry. However, the report does not detail any wrongdoing by meat processors.
“In its analysis of the effects of the fire and the pandemic, USDA found no wrong-doing and confirms the disruption in the beef markets was due to devastating and unprecedented events,” said North American Meat Institute President and CEO, Julie Anna Potts. “It is difficult to see how the USDA’s recommended legislative proposals would have...
ANALYSIS: Retail Beef and Broiler Prices At Highs, Pork Close
There was a change in leadership in food spend during the COVID-19, and it probably wasn’t unexpected given what transpired globally...
ANALYSIS: Chuck Contribution to Beef Cutout Making Major Moves
There has been a clear shift in demand patterns when looking at buying of boxed beef items during the current world pandemic. Middle meats, ribs and loins, typically...
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