Cash fed cattle prices bounced back some last week after declining more-or-less steadily since the first week of April. That week, the 5-Area weekly weighted average steer price (live basis) worked out to $167.57. Two weeks ago, the 5-Area steer price bottomed out at $145.48. That is a decline from spring high to summer low (tentatively, at least) of 13.2 percent.
104 Countries Have More Than 1 Million Head Of Cattle
According to the FAO, the world has 1.468 billion head of cattle. Brazil has the largest cattle inventory in the world followed by India and China. More than 100 countries (104) have a cattle inventory in excess of 1 million head. More...
Part two: Define Compensation and responsibilities. There is a lot to be gained by the next generation working for someone else before they return to the family operation, says Dave Specht, founder of Advising Generations LLC. “A lot of people assume the easiest career path is to just go home to the family operation. It’s not the easiest,” he warns.
The nation's beef cow herd has started down the path of the largest expansion in 25 years. The last major expansion was from 1990 to 1995 when the herd grew by ten percent. The industry had started on a modest expansion in 2005 and 2006, but producers aborted that expansion cycle due to the Southern Plains drought and the start of the high feed price era late in 2006.
Consumer demand for livestock products continues to be important in determining the pressure on livestock prices in the coming months. The June 2015 Restaurant Performance Index (RPI) was released today showing a 0.4 percent decline relative to the previous month. That is the lowest level for the RPI in nine months. The RPI still stands at 102.0 suggesting the expansion in the index has continued for a 28th straight month.