Post by rovingreporter on Jun 14, 2014 19:29:59 GMT
Boxed Beef Sets New Record At $244.08 On March 18th
The highest price for boxed beef in 2014 was $244.08 (March 18th). This is the highest price in history. The average price for boxed beef in 2014 is $227.30.
Record High Prices For Calves
May calf prices were at $228/cwt in 2014, up from $157.00/cwt in 2013. This is the highest monthly price on record.
U.S. Cattle Inventory Lowest Since 1951
All cattle and calves in the United States as of January 1, 2014 totaled 87.7 million head, 2 percent below the 89.3 million on January 1, 2013. This is the lowest January 1 inventory of all cattle and calves since the 82.1 million on hand in 1951.
World Cattle Inventory: U.S. Falls To 5th For First Time In History
The United States drops below the European Union for cattle inventory the first time in history. The United States had the 4th largest cattle inventory in 2013. The EU took over the 4th spot in 2014. The United States had the 2nd largest cattle inventory in the world until 1978. Brazil took over the 2nd spot in 1979.
Retail Beef Prices Record High
Beef Retail Price Composite (BRPC) reaches 5.20 in April, up 16 cents. This is the highest on record.
Nebraska Tops Texas For Gross Income For Cattle
Nebraska takes over the top spot for gross income for cattle in 2013 for the time in 26 years (on record). Nebraska and Texas both have had over $10 billion in gross income for cattle in 2012 and 2013.
Beef Production In Brazil & United States Closest On Record
In 2014, the United States is projected to produce 13% more beef than Brazil. This is the closest beef production numbers between the United States and Brazil have ever been on record.
World Beef Imports Projected To Be Highest On Record
World beef imports in 2014 are projected at nearly 7.5 million metric tons. If realized, this would be the highest on record.
Cattle Prices Set New Record High
March and April cattle prices were at $150, the highest on record. Cattle prices have averaged $146.60/cwt. in 2014.
Corn Prices Drop A Record $2.69/bushel
Corn prices dropped $2.69/bushel from February 2013 to February 2014. This is the biggest drop in history.
Hay Prices Over $200 For Second Time In History
Hay prices in May 2014 were at $202.00/ton, up $11 from April. This is the highest price of the year and near record highs. Hay prices reached $203.00/ton in May 2013, the highest on record.
Record World Beef Production Projected
The world is projected to produce more than 58.856 million metric tons of beef in 2014. If realized, this will be the most beef that the world has ever produced.
U.S. Beef Production Lowest In 20 Years
Beef production in the United States is projected at 11.230 million metric tons in 2014, down 527K mt from 2013. If realized, this will be the lowest beef production in the United States in 20 years (since 1994).
Beef & Pork Production Closest In 50 Years
The United States is projected to produce 898K metric tons more beef than pork in 2014. If realized, this will be the closest beef and pork production have been in 50 years.
Biggest Gap Between Chicken & Beef Production On Record
The United States is projected to produce 6 million metric tons less beef than chicken in 2014. If realized, this will be the biggest gap between chicken and beef production on record.
Cow Prices Over $100 For First Time In History
Cow prices were at $104 in May 2014, up $1 from April. This is the highest price in history. Cow prices have been in excess of $100 for the past 3 months. This is the first time cow prices have ever been over $100.
The highest price for boxed beef in 2014 was $244.08 (March 18th). This is the highest price in history. The average price for boxed beef in 2014 is $227.30.
Record High Prices For Calves
May calf prices were at $228/cwt in 2014, up from $157.00/cwt in 2013. This is the highest monthly price on record.
U.S. Cattle Inventory Lowest Since 1951
All cattle and calves in the United States as of January 1, 2014 totaled 87.7 million head, 2 percent below the 89.3 million on January 1, 2013. This is the lowest January 1 inventory of all cattle and calves since the 82.1 million on hand in 1951.
World Cattle Inventory: U.S. Falls To 5th For First Time In History
The United States drops below the European Union for cattle inventory the first time in history. The United States had the 4th largest cattle inventory in 2013. The EU took over the 4th spot in 2014. The United States had the 2nd largest cattle inventory in the world until 1978. Brazil took over the 2nd spot in 1979.
Retail Beef Prices Record High
Beef Retail Price Composite (BRPC) reaches 5.20 in April, up 16 cents. This is the highest on record.
Nebraska Tops Texas For Gross Income For Cattle
Nebraska takes over the top spot for gross income for cattle in 2013 for the time in 26 years (on record). Nebraska and Texas both have had over $10 billion in gross income for cattle in 2012 and 2013.
Beef Production In Brazil & United States Closest On Record
In 2014, the United States is projected to produce 13% more beef than Brazil. This is the closest beef production numbers between the United States and Brazil have ever been on record.
World Beef Imports Projected To Be Highest On Record
World beef imports in 2014 are projected at nearly 7.5 million metric tons. If realized, this would be the highest on record.
Cattle Prices Set New Record High
March and April cattle prices were at $150, the highest on record. Cattle prices have averaged $146.60/cwt. in 2014.
Corn Prices Drop A Record $2.69/bushel
Corn prices dropped $2.69/bushel from February 2013 to February 2014. This is the biggest drop in history.
Hay Prices Over $200 For Second Time In History
Hay prices in May 2014 were at $202.00/ton, up $11 from April. This is the highest price of the year and near record highs. Hay prices reached $203.00/ton in May 2013, the highest on record.
Record World Beef Production Projected
The world is projected to produce more than 58.856 million metric tons of beef in 2014. If realized, this will be the most beef that the world has ever produced.
U.S. Beef Production Lowest In 20 Years
Beef production in the United States is projected at 11.230 million metric tons in 2014, down 527K mt from 2013. If realized, this will be the lowest beef production in the United States in 20 years (since 1994).
Beef & Pork Production Closest In 50 Years
The United States is projected to produce 898K metric tons more beef than pork in 2014. If realized, this will be the closest beef and pork production have been in 50 years.
Biggest Gap Between Chicken & Beef Production On Record
The United States is projected to produce 6 million metric tons less beef than chicken in 2014. If realized, this will be the biggest gap between chicken and beef production on record.
Cow Prices Over $100 For First Time In History
Cow prices were at $104 in May 2014, up $1 from April. This is the highest price in history. Cow prices have been in excess of $100 for the past 3 months. This is the first time cow prices have ever been over $100.