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Citing data from the USDA, Nelson noted that there were 87.2 million ... "This could send beef prices to record levels in 2024 and 2025, as we hit the supply bottom of the current cattle cycle ...
Meat prices are currently 7.5% higher than this time last year. The country's cattle inventory is shrinking and has been for a while. In its third straight yearly drop, the latest cattle report by ...
The Livestock Mandatory Reporting Act of 1999 (Title IX of the FY2000 USDA appropriations act (P.L. 106-78)) requires large packers and importers to report to USDA the details of all transactions involving purchases of livestock and imported boxed lamb cuts, and the details of all transactions involving domestic and export sales of boxed beef cuts, sales of domestic and imported boxed lamb ...
The need arose for a common grading scale when member states of the EEC began operating in the common beef market in 1968 (EEC) No. 805/68 and price reporting to the EC became mandatory. In the UK, the Meat and Livestock Commission ( MLC Services Ltd ) is responsible for the classification of over 80% of the cattle slaughtered in Britain.
Live cattle is a type of futures contract that can be used to hedge and to speculate on fed cattle prices. Cattle producers, feedlot operators, and merchant exporters can hedge future selling prices for cattle through trading live cattle futures, and such trading is a common part of a producer's price risk management program. [1]
The rise in beef prices has been spurred by increasing demand from China, limited cattle supplies in some countries, a shortage of slaughterhouse workers and rising feed costs.