Welcome to the new “Brangus Beat”. The Brangus Beat is a new educational and information source for IBBA members which will feature topics of interest including market updates, marketing tools, IBBA services, and updates from the IBBA office. This episode gives a market summary of Brangus sales so far in 2014.
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-10 good reasons to expose more heifers over the next few years-
This week, beef packer JBS and Five Rivers Cattle Feeding hosted a group of large ranchers, scientists, seedstock operators and others to discuss ways to encourage heifer retention and herd expansion in the U.S. beef industry. Market signals favor expansion, but it is not happening because of drought, input prices, and other market trends.
In the short term, declining cattle supplies benefit producers with higher prices, but long-term, participants are concerned about losing market share and infrastructure.
“…there is huge opportunity for cow-calf profitability in coming years, and expansion is in the best interest to small and large producers.”
Click to read the full story.
The fed cattle market was primarily $2 lower in all regions on moderate volume. In the South, cattle traded at $116 to $117. Trade in the North was at $117.50 live and $187 dressed. Though volumes improved later in the week, boxed beef was lower on the week as end meat declines could not be offset by mostly steady middle meat prices. Choice beef was down more than $2 and Select was down more than $4. The spread was between $5 and $6. Feeders were quoted uneven ($3 higher and $3 lower depending on the region) and calves were steady to $4 lower. Corn was volatile last week given the weather, but trades basically par with a 2 weeks ago.