Page 3 - Aug242023
P. 3

The Midwest Cattleman · August 24, 2023 · P3

                    August 24, 2023   Volume 29   No. 7

        GROUPS INVITE JOHN KERRY TO MISSOURI                                  Beef      exports      totaled export value climbed 6% to
                TO LEARN ABOUT AGRICULTURE                                  115,107 mt in June, down 12%  $691.4 million, according to
                                                                            from a year ago and slightly  an analysis from the U.S.
         Missouri Attorney  Gener- emissions.” The  agriculture             below the May volume. Ex- Meat Export Federation.
      al Andrew Bailey announced  groups  joining the  letter in-           port value was $909.5 million,       Pork exports to Mexico are
      recently that his office joined  clude Missouri Farm Bureau,          down 13% year-over-year but  on a record pace, with first-
      forces with statewide agri- Missouri Cattleman’s Associ-              the highest since October and  half  value  up  21%  to  more
      culture groups to invite Spe- ation, Missouri Corn Grow-              4% above the value posted in  than $1 billion, USMEF said.
      cial  Presidential  Envoy  for  ers Association,  Missouri            May.                              Also posting strong year-
      Climate John Kerry to Mis- Soybean Association,  and                    Over the first half of the  above-year first-half export
      souri  after his recent com- Missouri Pork Association.               year, beef exports were 10%  numbers were the  ASEAN
      ments demanding the United            “I promised Missouri farm-      below last year’s record pace  region, Australia, Taiwan,
      States scale back its agricul- ers on my first day in office          at 669,176 mt. USMEF said  the Dominican Republic, and
      ture industry for its  “high  that I would fight for them,            export value was just under  Chile, while exports also post-
                                         and that’s exactly what I’m        $5 billion – down 19% from a  ed gains in China/Hong Kong,
                                         working to do,” said Attorney      year ago.                         South Korea, and Central
                                         General Bailey. “I’ve already        “It was a challenging first  America.  Pork  variety  meat
                                         won  against the  Biden  Ad-       half for beef exports, especial- exports surged by 32% in the
                                         ministration’s      unconstitu-    ly when compared to the blis- first half to more than 297,000
                                         tional  Waters of the United       tering pace established a year  mt, led by record-large ship-
                                         States rule that attempted to      ago,” Halstrom said. “But we  ments to China.
                                         steal  Missourians’ precious       are encouraged to see that ex-       “Mexico is certainly the
                                         land. I’ll continue to stand up    ports are still accounting for a  2023 pacesetter for U.S. pork
                                         against Joe Biden’s federal        consistently high percentage  exports, but what’s really ex-
                                                      continued on page 14 of total beef production, and  citing is that the industry is
                                                                            variety meat exports have  achieving such broad-based
           CATTLE PRICES SOAR ON TIGHT SUPPLY                               held up very well considering  growth internationally,” said
                                                                            the decline in U.S. slaughter.” Dan Halstrom, USMEF pres-
                               By Carol Ryan Dumas                            Pork exports continued to  ident and CEO. “Exports are

         U.S. cattle slaughter for                                          shine over the first half of  making impressive gains in
      beef production has been run-                                         2023.                             the Western Hemisphere and
      ning about 6% below year-                                               Through the first half of  reclaiming market share in
      ago levels, reflecting tight                                          2023, exports were 14% above  many Asia-Pacific  markets,
      supplies and the drought-in-                                          last year’s pace at 1.47 million  and U.S. pork is well-posi-
      duced herd contraction that                                           mt, valued at $4.05 billion, a  tioned to continue gaining
      started in 2020.                                                      jump of 12%.                      momentum in the second
         Those tight supplies are                                             June pork exports totaled  half.”
      certain to continue — judg-                                           245,964 metric tons (mt), up
      ing from the high percentage                                          12% from a year ago, while
      of heifers on feed for slaugh-     The tight supply of beef cattle will keep
      ter.                               prices high this year, an analyst says.
         Heifers have been close to
      40% of cattle on feed for sev-     inventory,” she said.
      eral quarters in a row, higher        There can’t be expansion
      than the 35% to 36% in 2013-       in the beef cattle herd until
      2014, said Katelyn McCull-         the heifers on feed number
      och, director of the Livestock     comes down, she said.
      Marketing Information Cen-            The heifer slaughter num-
      ter.                               ber is down just 1% year over
         “This is really going to        year even though the calf                                          Coming Sales-30
      elongate … the bottom of the       crop is quite a bit smaller.
      cattle cycle,” she said during     Lots of heifers are moving                                         Life is Simple-5
      an AgWest webinar.                 through the system, she said.                                      Market Report-8
         “Because we’ve taken so            “What that tells us is that                                     Agribusiness
      many heifers out of the beef       we’re really not going to see                                      Directory-28
      replacement       system,     it’s  herd   expansion      probably
      going to be tough for us to get    until after 2025,” she said.
      going again … to truly add                      continued on page 14
   1   2   3   4   5   6   7   8