We look at the current cattle market, including the bred heifer market and look at what the future may bring. Plus we have market updates, hay for sale and lots more on this all new episode of the Ranch It Up Radio Show. Be sure to subscribe on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel.
EPISODE 208 DETAILS
How High Can Cattle Prices Go & Industry News
Will Cattle Prices Remain Strong This Fall
Cattle Prices & Markets Explained
Producers are watching markets closely as many are selling and shipping feeder cattle. Kirk Donsbach with Stone X Financial, INC. shares current cattle market trends and what this could mean for producers.
Latest Beef Industry News
Vet Says Beef Producers Must Step Up With H5 Testing
A leading scientist and veterinarian, Kay Russo, warns the beef industry to start monitoring for H5 bird flu crossover from infected dairy herds. Speaking on the MeetingPod podcast, Russo noted that while the virus was first detected in dairy cattle in March and has since impacted poultry farms and workers, there’s limited data on beef cattle.
Russo, with a DVM from Cornell and a master’s in avian health from the University of Georgia, emphasized the importance of testing beef cattle for antibodies now that a validated test exists. She stressed, “We can only manage what we know, and this virus isn’t going away.
For the complete article click HERE.
Canadian Herd To Stabilize In 2025
The Canadian cattle herd is forecast to sustain the long-term trend of contraction to begin 2025 but will begin to stabilize by year’s end on improved feed pricing and availability. A smaller calf crop will be produced based on 2024 breeding stock but heifer retention should improve if feed conditions continue to remain stable or improve. Higher heifer retention coupled with a smaller calf crop will see lowered beef production and slaughter in 2025. As a percent of production, Canadian beef exports are forecast to remain strong while imports are forecast to soften on weakened consumer demand. For the complete article, click HERE.
U.S. Beef Imports Up 21% in 2024
Through August 2024, U.S. beef imports saw a notable increase of 20.87%, rising from 2.51 billion pounds in 2023 to 3.03 billion pounds in 2024. Among the top contributing countries, Canada remained the largest supplier with 658.83 million pounds, a 3.18% increase from last year. Australia showed the most significant growth, with imports surging by 69.95%, reaching 635.69 million pounds, making it the second-largest beef exporter to the U.S. after Canada. Brazil also experienced a sharp increase of 41.89%, with imports growing to 496.21 million pounds.
On the other hand, Mexico saw a decrease of 15.54%, with imports dropping to 386.07 million pounds. Uruguay recorded the highest percentage growth among all countries, with imports increasing by 71.46% to 198.20 million pounds. New Zealand and Nicaragua also contributed to U.S. beef imports, with increases of 8.75% and 1.76%, respectively.
This growth in imports reflects increased global beef supply, with particular strength from regions like Australia and Uruguay, offsetting declines from Mexico. Overall, the U.S. beef import market has expanded significantly year-over-year.
For the complete article click HERE.
Faith Livestock, Faith, South Dakota Charolais Influenced Feeder Calf Sale
October 16, 2024 proved to be a powerful day for selling Charolais Influenced Feeder Cattle. Check out the current market report HERE.
RanchChannel.Com Now Has The Futures Markets
Futures Markets
RanchChannel.com now has futures markets at your fingertips! Feeder Cattle, Live Cattle, Corn, Wheat, Soybeans, Soybean Oil, Milk Class IV, and Ethanol. Information is provided by DTN and market information may be delayed by as much as 10 minutes. Click Here for more information!
UPCOMING SALES & EVENTS
JYJ Red Angus: November 9, 2024, Columbia, Alabama
Clear Springs Cattle Company: November, 20, 2024, Starbuck, MN
World Famous Miles City Bucking Horse Sale: May 15 – 18, 2025
BULL SALE REPORT & RESULTS
Eichacker Simmentals & JK Angus
Leland Red Angus & Koester Red Angus
U2 Ranch
Four Hill Farm North Country Angus Alliance
Jorgensen Land & Cattle Motherlode Sale
FEATURING
Kirk Donsbach: Stone X Financial
Mark Vanzee
Livestock Market, Equine Market, Auction Time
https://www.livestockmarket.com/
Shaye Koester
Casual Cattle Conversation
https://www.casualcattleconversations.com/
Questions & Concerns From The Field?
Call or Text your questions, or comments to 707-RANCH20 or 707-726-2420
Or email [email protected]
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Tigger & BEC represent the Working Ranch world and cattle industry by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner.
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References
https://www.livestockmarket.com/
https://www.imogeneingredients.com/
https://alliedgeneticresources.com/
https://www.imiglobal.com/beef
https://axiota.com/multimin-90-product-label/
https://www.bredforbalance.com/
https://www.ruralradio147.com/
https://www.meatingplace.com/Industry/News/Details/116468
https://www.cattlebusinessweekly.com/articles/canadian-herd-to-stabilize-in-2025/
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