Stephen R. Koontz, Department of Agricultural and Resource Economics – Colorado State University Without a doubt, the cattle markets are closing the year far stronger than I expected. Live cattle futures have pushed into new highs and cash fed cattle prices are back to tracking the price levels and seasonal patterns of last year. There were some unique market drivers that I discussed last month. Most are still present, are not typical, and…
Dr. Elliott Dennis, Assistant Professor, Livestock Marketing Economist, Department of Agricultural Economics, University of Nebraska – Lincoln This past year has seen several important trade agreements agreed to which will directly benefit the beef complex. The Japanese-U.S. trade deal will effectively lower tariffs for 90% of beef commodities from 38.5% to 9% between 2019 and 2033. The European Union-U.S. trade deal will increase the quota limit of hormone free beef for the U.S.…
Josh Maples, Assistant Professor & Extension Economist, Department of Agricultural Economics, Mississippi State University The latest Livestock and Meat Monthly Trade data from the Economic Research Service (ERS) was released on October 7th and included the month of August 2019 as the most recent data available. The purpose of this article is not just to discuss the export data from this report, but also to discuss an important but complex factor that impacts…