Economic Research Service Situation and Outlook Livestock, Dairy, and LDP-M-244 Oct. 17, 2014 Poultry Outlook Kenneth Mathews
[email protected] Steers and Lower Corn Prices Boost Cattle Dressed Weights Beef/Cattle: Despite recent and current positive cattle feeding margins, increases in feeder Contents cattle prices are offsetting declines in corn prices, signaling continuation of positive margins. Beef/Cattle Despite record retail beef prices, meatpackers are caught between high fed cattle prices and cutout Beef/Cattle Trade Pork/Hogs values too low to generate positive packer margins. Poultry Poultry Trade Beef/Cattle Trade: U.S. cattle imports are up 13 percent this year as high U.S. cattle Dairy prices continue to draw animals across the border. U.S. beef imports continue to grow and Contacts and Link were up 46 percent in August from a year earlier. Demand for U.S. beef exports slowed somewhat this summer but remain strong to Hong Kong and Mexico, both showing strong Tables gains from last year. Red Meat and Poultry Dairy Forecast Recent Livestock, Dairy and Poultry Special Articles Web Sites Animal Production and Marketing Issues “Effect of the Trans-Pacific Partnership on U.S. Dairy Trade,” pdf pages 19-25 of Cattle November 2013 Livestock, Dairy and Poultry Outlook report Dairy (http://www.ers.usda.gov/media/1221780/specialarticleldpm233.pdf) Hogs Poultry and Eggs “Determinants of Japanese Demand for U.S. Pork Products in 2012,” pdf pages 20-25 WASDE -------------- of the May 2013 Livestock, Dairy and Poultry Outlook report Tables will be released (http://www.ers.usda.gov/media/1106754/ldpm227.pdf) on Oct.