You searched for "Beef Demand" (2 results found)

So, is beef demand really that important?

  • 11 Feb 10:24

So, is beef demand really that important? Last week’sIndustry At A Glancehighlighted quarterly beef demand since 1990. As review, the beef industry has enjoyed sustained improvement in demand since the near-term low occurred during the third-quarter of 2009. And since then, beef demand has improved almost 25% and the current 12-month moving average now stands at nearly 93 – the best mark since 1992. However, the beef demand index can prove to be somewhat elusive. The question that generally arises involves its relationship to, and subsequent influence on, cattle markets. Before we get to that question, it’s important to remember that price is always a function of both supply and demand. And. Read more...

Growing Beef Demand in USA

  • 15 Jul 12:19

Growing Beef Demand in USA Domestic beef demand was up 8 per cent in May, but foreign demand was down 9 per cent, writes Ron Plain and Scott Brown, University of Missouri. During the first five months of the year, beef imports were up 37.3 per cent and exports were down 9.5 per cent compared to January-May 2014. The latest USDA WASDE report cut expected 2015 beef production by 0.8 per cent and increased 2016 production by 0.5 per cent. They now predict 1.8 per cent less beef this year than last and 4.3 per cent more beef in 2016 than this year. They expect fed cattle prices to average close to $160/cwt both this year and next. Fed cattle futures were lower this week. The feeder cattle contracts. Read more...