Why You Should Never Reduce Nutrition When You Need To Cut Expenses

Season 4 Episode 181

We hear why nutrition should never be considered when trying to reduce expenses on the ranch. How are grass cattle selling at local auctions? We hear news, markets, updates and more wrapped into this all new episode of The Ranch It Up Radio Show. Be sure to subscribe on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel.

EPISODE 181 DETAILS FURST MCNESS & LEGACY FORWARD BEEF NUTRITION

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STOCKMEN’S LIVESTOCK SALE REPORT COW COUNTRY NEWS Beef Forecast Rebounds

Flat is the new up, when it comes to the latest forecast of U.S. beef production, according to the latest analysis by Steiner Consulting Group, via its Daily Livestock Report.

It’s likely that beef production for this year will be only 509 million pounds – 1.9% - lower than a year ago, the report said. That’s a sharp improvement from the expected 8% drop forecast a year ago. Meanwhile, the USDA held steady with its beef import forecast, anticipating a 12% rise, and its expectations for an 8% drop in beef exports. That means that the country’s supply of beef per capita is roughly unchanged, according to Steiner analysis.

Beef Exports Fall As Imports Rise

Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist recently wrote for meatingplace.com saying that U.S. beef trade continues to evolve in the face of a unique domestic cattle market situation. Beef exports in February were down 1.3% year over year with the two-month total thus far in 2024 down 2.6%. This follows a 2023 year over year decrease of 14.3% from record 2022 beef exports. Beef exports in the first two months of the year are down year over year from most of the top markets; including number one Japan, number two South Korea, and number three China/Hong Kong. Additionally, Canada, the number five market is down 2.0% thus far in 2024, along with number six Taiwan. Mexico, which had been the number three market as recently as 2019, is currently the number four market but recovering. Beef exports to Mexico were up in January and February.

Beef imports in February were up 23.8% year over year and are up 31.9% in the first two months of the year. Beef imports this year are led by Brazil, who jumps out strongly t

Published on 1 year, 8 months ago

Podcast Episode Details

Why You Should Never Reduce Nutrition When You Need To Cut Expenses