Beef imports soar as South Koreans turn away from prized local cuts
Soaring South Korean beef prices should be welcome news for its hard-pressed cattle farmers, but a failure to rebuild herds and customers balking at paying record levels for prized local "Hanwoo" meat...
View ArticleWeekly Beef Outlook: High prices cure high prices
The adage that the cure for high prices is "High Prices" is evident this year in beef markets. Finished cattle prices reached record highs around $170 in late 2014 and early spring of 2015.
View ArticleAs beef prices fall, herd owners should check risk management
As risk managers, cattle producers lag behind corn growers. That is, if a show of hands by producers means anything. At extension meetings, Scott Brown, University of Missouri economist, asks beef...
View ArticleAs beef prices slip, risk management helps, MU economist will tell at...
Dollar returns to beef cow-calf herd owners have never been greater than the last three years. Now, 2015 appears to end still near those record highs.
View ArticleLenders learn risk-management plan protects beef prices in falling market
With feeder-calf prices still falling, beef producers can protect current prices on their calves. But they won’t make as much money as they could have if they had sold futures contracts back in the...
View Article5 beef market lessons learned in 2015
This past year won’t be remembered for record-high prices, but 2015 certainly taught beef producers a few lessons.
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Cattle Outlook: February retail choice beef prices highest since November
USDA's March Cattle on Feed report says there were 0.8% more cattle on feed on March 1 than a year ago. February placements were up 10.3% and February marketings were up 4.9%. There was one extra day...
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Beef bounces back
Beef and cattle prices bounced back sharply in the past ten days. Choice boxed beef ended last week at $218.56/cwt., up $14.82cwt. from the recent low on May 6. Wholesale prices were generally higher...
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Cattle Outlook: Average retail price for choice beef in May was $6.081 per pound
The average retail price for choice beef in May was $6.081 per pound. That was down 2.4 cents from April and down 33.1 cents compared to May 2015. The average price for all fresh beef in grocery stores...
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