- The shrinking US beef cow herd has resulted in fewer calves being born each year, though beef production has remained steady due to increased beef output per animal.
- While total cattle slaughter has declined by 1.8 million head annually since 2005, beef production has remained near the same levels thanks to greater beef yields and higher slaughter weights per animal.
- Genetic improvements, better feeding programs, and feed additives have allowed producers to raise larger, leaner cattle and increased carcass yields in recent years, offsetting the impacts of fewer cattle being raised.
The document discusses the performance of financial markets in 2012, noting that:
1) The U.S. stock market gained 16% in 2012 despite fears over issues like the European debt crisis and slow growth in China.
2) Bond yields fell unexpectedly in the U.S. and Europe continued to "muddle through" its debt crisis, with many European markets outperforming the U.S.
3) A report card on economic and market indicators shows improvements from 2010-2012, with corporate earnings and housing showing signs of recovery though inflation remained low.
The document discusses market performance in 2012, noting that despite fears over issues like the European debt crisis, the U.S. stock market gained 16% last year. It was surprised by the magnitude of gains given headwinds. U.S. interest rates also declined contrary to expectations. Most European markets gained in 2012, with some significantly outperforming the U.S. The document provides a report card on economic and market data from 2010-2012, noting improvements in areas like corporate earnings, unemployment, and housing while commodity prices have cooled. Valuation metrics imply stocks remain relatively attractive versus bonds.
This document is a newsletter from Deschaine & Company summarizing investment events from 2010. It identifies the top two stories of the year as the extension of the Bush tax cuts and the stock market reaching a two-year high in December. It then discusses other notable events throughout the year, including the BP oil spill, European debt crisis, Chilean miners rescue, and gold prices. The document concludes that the tax cuts and stock market high were linked, and that finding companies that consistently grow dividends over time is an effective investment strategy.
1) The document provides an economic forecast for early 2013, predicting sluggish growth around 1.5% until mid-year due to fiscal restraints from taxes and spending cuts.
2) Business earnings are also expected to disappoint as growth slows in Europe and China, though the auto industry may see gains from European companies shifting production to the US.
3) The election remains close, with Obama favored but Romney potentially winning enough electoral votes, while recounts could delay final results in some states. Split ticket voting may help Democrats retain control of the Senate.
Studley Report for South Florida 3Q2012Chris Lovell
The South Florida office market saw a decline in leasing activity in Q3 2012, with overall leasing down 13.2% from the previous quarter. Availability rates continued to decline modestly, with the overall rate falling to 22.0% and the Class A rate declining to 23.9%. Rents remained largely unchanged, with overall rents at $27.12/sf and Class A rents at $31.18/sf. The economy and upcoming election were causing businesses to be cautious, slowing leasing activity. Large blocks of space continued to decline in availability in major submarkets.
Is there a fate worse than debt? If there is, it seems to be not dealing with the debt. When there is too much leverage in the system, there is always a risk that things go wrong quickly and unexpectedly. Ken Rogoff and Carmen Reinhart have an op-ed piece on Bloomberg today about the debt overhang and its implications for economic growth. They are among the few commentators who have been consistently correct about the path of the financial crisis, probably because they are among the few who have studied the actual data.
This quarterly report summarizes Toll Brothers' financial performance for the second quarter of 2006. Net income and revenues increased compared to the same period last year, though signed contracts declined. Demand remains but buyers want deals due to housing market uncertainty. The company believes excess inventory will be absorbed, boosting demand and prices. Toll Brothers expects to deliver between 9,000-9,700 homes in 2006 and earn $780 million to $850 million.
Metro Boston Monthly Indicators Report, October 2012 Unit Realty Group
The document provides a monthly summary of housing market indicators for the Greater Boston region. It shows that in October 2012, new listings decreased while pending sales increased compared to the previous year. The median sales price rose for both single-family homes and condominiums year-over-year. Inventory levels decreased significantly while housing affordability remained relatively stable. The summary concludes that market fundamentals have strengthened with fewer foreclosures and strong buyer demand contributing to price increases.
The document discusses the performance of financial markets in 2012, noting that:
1) The U.S. stock market gained 16% in 2012 despite fears over issues like the European debt crisis and slow growth in China.
2) Bond yields fell unexpectedly in the U.S. and Europe continued to "muddle through" its debt crisis, with many European markets outperforming the U.S.
3) A report card on economic and market indicators shows improvements from 2010-2012, with corporate earnings and housing showing signs of recovery though inflation remained low.
The document discusses market performance in 2012, noting that despite fears over issues like the European debt crisis, the U.S. stock market gained 16% last year. It was surprised by the magnitude of gains given headwinds. U.S. interest rates also declined contrary to expectations. Most European markets gained in 2012, with some significantly outperforming the U.S. The document provides a report card on economic and market data from 2010-2012, noting improvements in areas like corporate earnings, unemployment, and housing while commodity prices have cooled. Valuation metrics imply stocks remain relatively attractive versus bonds.
This document is a newsletter from Deschaine & Company summarizing investment events from 2010. It identifies the top two stories of the year as the extension of the Bush tax cuts and the stock market reaching a two-year high in December. It then discusses other notable events throughout the year, including the BP oil spill, European debt crisis, Chilean miners rescue, and gold prices. The document concludes that the tax cuts and stock market high were linked, and that finding companies that consistently grow dividends over time is an effective investment strategy.
1) The document provides an economic forecast for early 2013, predicting sluggish growth around 1.5% until mid-year due to fiscal restraints from taxes and spending cuts.
2) Business earnings are also expected to disappoint as growth slows in Europe and China, though the auto industry may see gains from European companies shifting production to the US.
3) The election remains close, with Obama favored but Romney potentially winning enough electoral votes, while recounts could delay final results in some states. Split ticket voting may help Democrats retain control of the Senate.
Studley Report for South Florida 3Q2012Chris Lovell
The South Florida office market saw a decline in leasing activity in Q3 2012, with overall leasing down 13.2% from the previous quarter. Availability rates continued to decline modestly, with the overall rate falling to 22.0% and the Class A rate declining to 23.9%. Rents remained largely unchanged, with overall rents at $27.12/sf and Class A rents at $31.18/sf. The economy and upcoming election were causing businesses to be cautious, slowing leasing activity. Large blocks of space continued to decline in availability in major submarkets.
Is there a fate worse than debt? If there is, it seems to be not dealing with the debt. When there is too much leverage in the system, there is always a risk that things go wrong quickly and unexpectedly. Ken Rogoff and Carmen Reinhart have an op-ed piece on Bloomberg today about the debt overhang and its implications for economic growth. They are among the few commentators who have been consistently correct about the path of the financial crisis, probably because they are among the few who have studied the actual data.
This quarterly report summarizes Toll Brothers' financial performance for the second quarter of 2006. Net income and revenues increased compared to the same period last year, though signed contracts declined. Demand remains but buyers want deals due to housing market uncertainty. The company believes excess inventory will be absorbed, boosting demand and prices. Toll Brothers expects to deliver between 9,000-9,700 homes in 2006 and earn $780 million to $850 million.
Metro Boston Monthly Indicators Report, October 2012 Unit Realty Group
The document provides a monthly summary of housing market indicators for the Greater Boston region. It shows that in October 2012, new listings decreased while pending sales increased compared to the previous year. The median sales price rose for both single-family homes and condominiums year-over-year. Inventory levels decreased significantly while housing affordability remained relatively stable. The summary concludes that market fundamentals have strengthened with fewer foreclosures and strong buyer demand contributing to price increases.
Las generaciones de computadoras se definen por sus características técnicas fundamentales, desde los primeros tubos de vacío y tarjetas perforadas de la primera generación, hasta los microprocesadores de la cuarta generación y la inteligencia artificial de la sexta generación.
Gediminas Butkus received a certificate in wireless LAN on May 04, 2016 with an ID number of 3232378. The certificate was related to wireless LAN and was received by Gediminas Butkus on May 04, 2016 with an identification number of 3232378.
The document is a resume for David Spearsline seeking a Production Supervisor position. It summarizes his work history including most recently serving as a Line Lead for Reynolds Consumer Products where he monitored and directed day-to-day operations to ensure production goals were met. It also lists his education including a cosmetology certificate and high school diploma.
PENSIÓN POR CESANTÍA EN EDAD AVANZADA. AL RESOLVER LA JUNTA SOBRE EL AJUSTE EN LA CUANTIFICACIÓN DE SU PAGO, DEBE ATENDER EL LÍMITE SUPERIOR PREVISTO EN EL PÁRRAFO SEGUNDO DEL ARTÍCULO 33 DE LA LEY DEL SEGURO SOCIAL, VIGENTE HASTA EL 30 DE JUNIO DE 1997, SIN QUE REPRESENTE OBSTÁCULO ALGUNO QUE EL DEMANDADO NO SE HUBIERE EXCEPCIONADO EN ESE SENTIDO.
Arc Surveying & Mapping, Inc. was selected by the Army Corps of Engineers to survey beaches in St. Johns County, Florida. They collected monitoring, plan, and specification surveys of beach profiles from R-109 to T-157, including intermediate areas, surveyed a borrow area, and took aerial photographs. The project was completed on time and under budget.
El documento describe la computadora, incluyendo su definición como una máquina que puede almacenar y procesar datos de manera digital o analógica. Explica que una computadora está compuesta de hardware y software, y que su hardware incluye la CPU y periféricos como el teclado, mouse y monitor. Además, detalla las cinco generaciones de computadoras desde 1946 hasta la actualidad, describiendo los cambios en la tecnología, lenguajes de programación y usos durante cada generación.
Avinash Patil has 6 years of experience in physical security, vigilance, investigations, and emergency response. He currently works as a Security Officer for Johnson & Johnson in Aurangabad, India through Checkmate Service Pvt Ltd. His responsibilities include shift planning and guard deployment, managing material movement, ensuring smooth personnel movement, implementing security processes and procedures, operating security systems, gathering and reporting intelligence, and assisting the security manager. He has been promoted multiple times throughout his career. Avinash holds a B.A. in Hindi and has completed courses in MSCIT, Tally, and Detective Alarm Fire Safety Systems.
Traverse Biosciences will collaborate with researchers at Stony Brook University on a $37,711 grant from the Center for Biotechnology to conduct pre-clinical safety studies of TRB-N0224. The studies aim to prepare an Investigational New Drug application for FDA consideration. Dr. Lorne Golub and Dr. Francis Johnson of Stony Brook will lead the research in collaboration with the university's Division of Animal Laboratory Research and Translational Experimental Therapeutics Laboratory. The grant complements a prior $205,709 award from NIH and will help Traverse Biosciences further develop TRB-N0224 as a human therapeutic and accelerate its commercialization.
RDAP 16 Poster: Connecting Social and Health Sciences Data – This Librarian’s...ASIS&T
This librarian works at the University of Chicago's John Crerar Library, providing science research services. Some key services implemented include systematic reviews, data management plans, research impact metrics, and compliance with public access policies. The librarian collaborates with various departments on campus, including the Institute for Translational Medicine and the Center for Health and the Social Sciences. Professional development activities have included teaching a data management curriculum to librarians and providing ORCID support to biological scientists. The goal is to identify and strengthen research services for faculty, students, and staff across the sciences.
Shane Roe, the lead guitarist of the 1970s punk band The Sods, died after being struck by a car in Portugal. He had a long career in music and publishing and was well-liked for his wit and kindness, but suffered from bipolar disorder and unemployment in recent years. Local residents in Bristol are opposing plans for a new Wetherspoons pub on Gloucester Road due to concerns about anti-social behavior, noise, and threats to the independent character of the area's businesses.
El documento presenta indicadores comerciales de maíz y soja en Argentina. Para maíz en la campaña 2012/13, el saldo exportable fue de 19,4 millones de toneladas, de las cuales se compraron 18,21 millones para exportación. Queda por vender 1,2 millones de toneladas y falta fijar precio para 2,2 millones. Para soja 2013/14, la producción estimada es de 53,51 millones de toneladas, de las cuales se compraron 2,08 millones y falta vender 50,6 millones y fij
El resumen proporciona información sobre la faena de bovinos, ovinos y porcinos en establecimientos habilitados a nivel nacional hasta el 31 de agosto de 2013. La faena de bovinos fue de 1,4 millones de cabezas, con un 45% correspondiente a vacas. La faena ovina fue de 783,434 cabezas, con un 47% correspondiente a corderos. La faena porcina fue de 129,004 cabezas, con un 92% correspondiente a cerdos. El documento también incluye información sobre precios de hacienda
O documento discute o preço do leite pago ao produtor no Brasil em julho de 2013. O preço médio nacional do leite aumentou 3,6% em relação a junho, impulsionado pela forte demanda. A produção de leite aumentou em junho, mas ainda está abaixo da demanda das indústrias. As expectativas são de novos aumentos de preços em agosto devido à continuidade da demanda aquecida.
O documento discute o mercado de leite no Brasil em junho de 2013. A produção de leite continuou baixa devido ao período de entressafra, enquanto a demanda permaneceu firme, fazendo com que os preços pagos aos produtores aumentassem pelo quinto mês consecutivo. Os gastos com alimentação animal também subiram em junho, influenciados pela alta nos preços de suplementos. A expectativa é de novos aumentos nos preços do leite em julho.
O preço pago ao produtor de leite em maio foi o maior em cinco anos devido à baixa oferta causada pela escassez de alimentos para as vacas e atraso nas chuvas. A diminuição da oferta elevou os preços dos derivados e levou algumas indústrias a aumentarem os preços para reduzir as vendas com medo de não atender a demanda. No entanto, casos isolados de adulteração de leite no Rio Grande do Sul não devem comprometer a imagem e importância desse alimento essencial para a saúde.
Las generaciones de computadoras se definen por sus características técnicas fundamentales, desde los primeros tubos de vacío y tarjetas perforadas de la primera generación, hasta los microprocesadores de la cuarta generación y la inteligencia artificial de la sexta generación.
Gediminas Butkus received a certificate in wireless LAN on May 04, 2016 with an ID number of 3232378. The certificate was related to wireless LAN and was received by Gediminas Butkus on May 04, 2016 with an identification number of 3232378.
The document is a resume for David Spearsline seeking a Production Supervisor position. It summarizes his work history including most recently serving as a Line Lead for Reynolds Consumer Products where he monitored and directed day-to-day operations to ensure production goals were met. It also lists his education including a cosmetology certificate and high school diploma.
PENSIÓN POR CESANTÍA EN EDAD AVANZADA. AL RESOLVER LA JUNTA SOBRE EL AJUSTE EN LA CUANTIFICACIÓN DE SU PAGO, DEBE ATENDER EL LÍMITE SUPERIOR PREVISTO EN EL PÁRRAFO SEGUNDO DEL ARTÍCULO 33 DE LA LEY DEL SEGURO SOCIAL, VIGENTE HASTA EL 30 DE JUNIO DE 1997, SIN QUE REPRESENTE OBSTÁCULO ALGUNO QUE EL DEMANDADO NO SE HUBIERE EXCEPCIONADO EN ESE SENTIDO.
Arc Surveying & Mapping, Inc. was selected by the Army Corps of Engineers to survey beaches in St. Johns County, Florida. They collected monitoring, plan, and specification surveys of beach profiles from R-109 to T-157, including intermediate areas, surveyed a borrow area, and took aerial photographs. The project was completed on time and under budget.
El documento describe la computadora, incluyendo su definición como una máquina que puede almacenar y procesar datos de manera digital o analógica. Explica que una computadora está compuesta de hardware y software, y que su hardware incluye la CPU y periféricos como el teclado, mouse y monitor. Además, detalla las cinco generaciones de computadoras desde 1946 hasta la actualidad, describiendo los cambios en la tecnología, lenguajes de programación y usos durante cada generación.
Avinash Patil has 6 years of experience in physical security, vigilance, investigations, and emergency response. He currently works as a Security Officer for Johnson & Johnson in Aurangabad, India through Checkmate Service Pvt Ltd. His responsibilities include shift planning and guard deployment, managing material movement, ensuring smooth personnel movement, implementing security processes and procedures, operating security systems, gathering and reporting intelligence, and assisting the security manager. He has been promoted multiple times throughout his career. Avinash holds a B.A. in Hindi and has completed courses in MSCIT, Tally, and Detective Alarm Fire Safety Systems.
Traverse Biosciences will collaborate with researchers at Stony Brook University on a $37,711 grant from the Center for Biotechnology to conduct pre-clinical safety studies of TRB-N0224. The studies aim to prepare an Investigational New Drug application for FDA consideration. Dr. Lorne Golub and Dr. Francis Johnson of Stony Brook will lead the research in collaboration with the university's Division of Animal Laboratory Research and Translational Experimental Therapeutics Laboratory. The grant complements a prior $205,709 award from NIH and will help Traverse Biosciences further develop TRB-N0224 as a human therapeutic and accelerate its commercialization.
RDAP 16 Poster: Connecting Social and Health Sciences Data – This Librarian’s...ASIS&T
This librarian works at the University of Chicago's John Crerar Library, providing science research services. Some key services implemented include systematic reviews, data management plans, research impact metrics, and compliance with public access policies. The librarian collaborates with various departments on campus, including the Institute for Translational Medicine and the Center for Health and the Social Sciences. Professional development activities have included teaching a data management curriculum to librarians and providing ORCID support to biological scientists. The goal is to identify and strengthen research services for faculty, students, and staff across the sciences.
Shane Roe, the lead guitarist of the 1970s punk band The Sods, died after being struck by a car in Portugal. He had a long career in music and publishing and was well-liked for his wit and kindness, but suffered from bipolar disorder and unemployment in recent years. Local residents in Bristol are opposing plans for a new Wetherspoons pub on Gloucester Road due to concerns about anti-social behavior, noise, and threats to the independent character of the area's businesses.
El documento presenta indicadores comerciales de maíz y soja en Argentina. Para maíz en la campaña 2012/13, el saldo exportable fue de 19,4 millones de toneladas, de las cuales se compraron 18,21 millones para exportación. Queda por vender 1,2 millones de toneladas y falta fijar precio para 2,2 millones. Para soja 2013/14, la producción estimada es de 53,51 millones de toneladas, de las cuales se compraron 2,08 millones y falta vender 50,6 millones y fij
El resumen proporciona información sobre la faena de bovinos, ovinos y porcinos en establecimientos habilitados a nivel nacional hasta el 31 de agosto de 2013. La faena de bovinos fue de 1,4 millones de cabezas, con un 45% correspondiente a vacas. La faena ovina fue de 783,434 cabezas, con un 47% correspondiente a corderos. La faena porcina fue de 129,004 cabezas, con un 92% correspondiente a cerdos. El documento también incluye información sobre precios de hacienda
O documento discute o preço do leite pago ao produtor no Brasil em julho de 2013. O preço médio nacional do leite aumentou 3,6% em relação a junho, impulsionado pela forte demanda. A produção de leite aumentou em junho, mas ainda está abaixo da demanda das indústrias. As expectativas são de novos aumentos de preços em agosto devido à continuidade da demanda aquecida.
O documento discute o mercado de leite no Brasil em junho de 2013. A produção de leite continuou baixa devido ao período de entressafra, enquanto a demanda permaneceu firme, fazendo com que os preços pagos aos produtores aumentassem pelo quinto mês consecutivo. Os gastos com alimentação animal também subiram em junho, influenciados pela alta nos preços de suplementos. A expectativa é de novos aumentos nos preços do leite em julho.
O preço pago ao produtor de leite em maio foi o maior em cinco anos devido à baixa oferta causada pela escassez de alimentos para as vacas e atraso nas chuvas. A diminuição da oferta elevou os preços dos derivados e levou algumas indústrias a aumentarem os preços para reduzir as vendas com medo de não atender a demanda. No entanto, casos isolados de adulteração de leite no Rio Grande do Sul não devem comprometer a imagem e importância desse alimento essencial para a saúde.
O preço pago ao produtor de leite aumentou pelo terceiro mês consecutivo em abril, impulsionado pela queda na oferta. A expectativa é de que os preços continuem subindo em maio, apesar da possível elevação da produção no Sul. Os custos de produção, no entanto, permanecem altos, exigindo planejamento dos produtores.
A produção de leite no Brasil continuou em queda em fevereiro, restringindo a oferta e aumentando a disputa pelos suprimentos entre as indústrias. Como resultado, os preços pagos aos produtores subiram 2,53% em março. A maioria dos agentes de mercado espera que os preços continuem aumentando em abril devido à oferta limitada e demanda constante.
El resumen proporciona información sobre la faena de bovinos, ovinos y porcinos en Uruguay hasta el 24 de agosto de 2013. La faena de bovinos fue un 3% superior a 2012, con 1,377,335 cabezas faenadas. La faena ovina aumentó un 19% en dólares y un 35% en volumen respecto a 2012. La faena porcina fue similar a 2012, con 125,490 cabezas.
El balance del Banco Central de la República Argentina al 07 de agosto de 2022 mostraba reservas internacionales por $204.675 millones, equivalentes a u$s37.022 millones. La deuda del gobierno nacional con el Banco Central totalizaba $158.503 millones, equivalentes a u$s28.670 millones. Los agregados monetarios M1, M2 y M3 tuvieron incrementos interanuales de entre 27,7% y 30,2%. La implementación de contratos forward ganaderos permitiría a productores ganaderos acceder a financiamiento para
El documento presenta indicadores comerciales de la soja para la campaña 2012/13. Muestra que la producción fue de 48 millones de toneladas, un aumento del 7% respecto al año anterior. Las compras totales fueron de 12,35 millones de toneladas, una disminución del 27% interanual. Aún quedan 34,8 millones de toneladas por vender y 41,9 millones de toneladas sin precio fijado.
El resumen del documento es:
1) La faena de bovinos aumentó un 18% respecto al mismo período del año anterior. La faena de ovinos aumentó un 75% y la de porcinos un 5%.
2) La faena de ovejas, corderos y cerdos representaron el principal porcentaje de la faena total de cada especie.
3) Las exportaciones totales del sector aumentaron un 6% en divisas respecto al mismo período del año anterior, mientras que las exportaciones de carne bovina y ovina aumentaron en volumen y
This document discusses the differences between federally inspected (FI) slaughter and commercial slaughter data reported by the USDA. FI slaughter occurs in plants inspected by the USDA Food Safety and Inspection Service and accounts for over 98% of cattle and 99% of hog slaughter. The USDA publishes daily and weekly FI slaughter reports that provide estimates of slaughter numbers and production. Commercial slaughter data comes from state-inspected plants and is reported monthly with more detailed information. The document provides an overview of several key USDA reports and the differences between FI and commercial data sources.
- Pork production reached record high levels in Q4 2012 despite warnings about high feed costs reducing meat supplies. However, pork production trends had shifted downward beginning in 2008 with the surge in corn prices above $4/bushel.
- Prior to 2008, all major meat production species were growing steadily each quarter. The spike in grain costs disrupted this and caused production cuts, especially after prices rose above $6-7/bushel.
- Had grain costs not increased as sharply, meat production for all species would be significantly higher now, providing billions of additional pounds of protein for consumers each quarter.
The document summarizes estimates for USDA's upcoming Cattle on Feed report, which is expected to show lower placements, marketings, and inventories compared to the previous year. Retail meat prices increased in March compared to February for all meats except composite broilers. While retail prices have increased, wholesale and farm values have not risen as much, especially for beef and pork. There is concern that retail prices are rising faster than production costs to keep products moving through the supply chain.
- Corn planting progress is off to a slow start in 2013, with only 2% of acres planted nationally by mid-April, compared to a 5-year average of 7% planted. Several key corn-producing states are lagging behind their normal planting paces.
- While slow planting progress is not disastrous, the entire 2013 corn crop will be closely watched given tight supplies. However, 2008 and 2009 had similarly slow starts but ended with good yields.
- Cattle and hog producers face high feed costs and low prices, suggesting significant losses for the remainder of 2013 despite some expected cost declines later in the year. Hog producers may see better prospects in 2014 if costs continue to fall as projected.
The USDA discontinued the voluntary National Carlot Pork Report and will instead track two mandatory pork reports providing pricing on an FOB Plant and FOB Omaha basis. This change was made to provide better visibility into wholesale pork pricing. While some wanted the reports published side by side for six months, continuing the voluntary report proved impractical as packers stopped reporting to it once the mandatory reports began on April 1st. The mandatory reports have consistently shown prices around 4 cents or 5% higher than the voluntary report, suggesting the voluntary report did not provide full visibility previously.
The document provides updates to global agricultural supply and demand estimates for various commodities including wheat, coarse grains, rice, oilseeds, sugar, and cotton for the 2012/13 period. Key points include:
- U.S. wheat ending stocks are projected to be 15 million bushels higher. Global wheat supplies and trade are also projected to increase.
- U.S. coarse grain ending stocks are projected to be higher led by a 125 million bushel increase in corn ending stocks. Global coarse grain production is projected to increase 1.1 million tons.
- U.S. rice domestic use is projected to decrease 5 million cwt, increasing ending stocks. Global rice production is projected at
1) The statistics for US meat exports reported monthly by the US Census Bureau and weekly by USDA through its export sales reporting system have become increasingly difficult to reconcile in recent months.
2) The monthly Census data shows a 36% decline in US beef exports to Mexico in January 2013, while the weekly data reported a 19% increase.
3) A comparison of monthly official beef export statistics and implied monthly exports from the weekly data shows they are dramatically different since 2012, possibly due to a change in commodity classification codes.
USDA issued its latest forecasts for 2013 beef, pork, and poultry production in April. The biggest revision was a reduction in the beef production forecast of 230 million pounds or 0.9% to 24.976 billion pounds total. This likely reflects expectations for reduced cattle slaughter and slower weight gains in the second half of the year due to smaller feedlot placements. Imports were forecast to be up 0.4% while exports were down 0.6%. Per capita beef consumption in 2013 is now forecast to be 55.7 pounds, down 2.9% from 2012 despite reduced availability.
- Wholesale beef prices have remained volatile as cattle prices jumped briefly around Easter but have since drifted lower. Slow demand in the first quarter of 2013 has led to excess inventories and cautious purchasing by retailers and foodservice.
- Combined US steer and heifer slaughter so far in 2013 is running slightly below year-ago levels. Choice beef cutout prices are over 7% higher than last year due to demand for certain export-dependent cuts.
- After declining last year following the LFTB controversy, prices for fat beef trimmings have surged recently but it remains unclear if high prices can be sustained after Memorial Day.