US 2012 Cattle Prices Raised from Last Month
US - Cattle prices for 2012 are raised from last month, reflecting tight supplies of fed cattle, according to the World Agricultural Supply and Demand Estimates.
13 February 2012
2 minute read
The 2012 forecast of total red meat and poultry production is lowered from last month as reduced broiler meat production is expected to more than offset higher forecast beef, pork, and turkey production.
Beef production is raised from last month. Despite expected tight fed cattle supplies, cow slaughter is expected to remain relatively strong during the first quarter and carcass weights are forecast higher.
The beef export forecast for 2012 is reduced slightly but poultry exports are raised. The pork export forecast is unchanged from last month. Import forecasts are unchanged from January. Beef and pork trade estimates for 2011 are unchanged but poultry exports are raised due to stronger-than-expected shipments in November.
Cattle prices for 2012 are raised from last month, reflecting tight supplies of fed cattle. The hog price forecast is unchanged from last month. Broiler prices are raised, reflecting lower production, and turkey prices are raised on current price strength. The egg price range is narrowed.
The milk production forecast for 2012 is raised. Milk cow numbers are raised for much of the year as USDA’s Cattle report indicated 1 percent more dairy cows on January 1, 2012. However, producers are holding 1 percent fewer heifers for addition to the dairy herd, which is expected to push cow numbers lower later in the year.
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