The July Cattle Inventory report showed a reduction in both beef and dairy cows by 2 percent and 1 percent respectively but adding in the last “normal” year of 2019 shows a trend of beef cow liquidation against an increasing dairy herd.
The above is interesting when combined with the trend of beef on dairy breeding. Note that this year, according to the National Association of Animal Breeders (NAAB), dairy semen sales are down 7 percent year-over-year, and at a 17-year low. Also, NAAB’s year end 2021 report shows that sales for beef on dairy is up 30 percent over 2020. Interestingly, there is also an increase in beef embryo transplants in dairy cows. Part of this is animal numbers, but part is also due to h...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...