Page 12 - MWC 2-24-2022s

CATTLE MARKET The Midwest Cattleman · February 24, 2022 · P12
continued from page 3

Supply – Cow numbers demand for locally produced lation being proposed regard- going to be higher this year.
are down, in large part due beef as strong as ever. ing the beef industry. While Weather will be different this
to long lasting drought that Prices – All told the price not opposed to increased ne- year. “If you’re trying to farm
has gripped most of the coun- forecast looks very favorable gotiated trade and price dis- exactly like you did it last
try west of the Mississippi for the remainder of the year covery, he acknowledged that year, you’re probably doing
River. Heifer slaughter was even with increases in pro- it does come at a cost. Dr. it wrong. Unless you did it
up over 4% compared to 2020 duction costs. Fed live cattle Griffith also commented on wrong last year, and that
and cull cow slaughter was prices were very strong in the the point that more packers might be the case, and maybe
up nearly 10% compared to back half of 2021 and look to doesn’t necessarily translate you got it right, this year, be-
the prior year. This reduction trade in the $140’s cwt for to higher cattle prices. cause every year is different,”
of the cow herd, Dr. Griffith a large portion of 2022. Dr. Input Costs – Feed, fer- Dr. Griffith.
said, will allow for strong fed Griffith’s sentiment was that tilizer, chemicals are all
cattle and feeder prices, “in “cow-calf producers who can-
2022, 2023, and potentially not make a profit with $1,000/
in 2024 depending on heifer head for weaned calves, even
replacement rates.” with increased production
Demand – Partially fu- costs, may want to pick up
eled by the COVID pandemic, croquet or consider another
demand for beef continues to profession.” There also ap-
be strong for both export and pears to be opportunities to
domestic markets. Dr. Grif- market heavier 700-800 lb.
fith highlighted that in 2021 calves at premium prices
China became the third larg- from April to August based
est importer of US beef, be- current futures prices. Pro-
hind Japan and South Korea. ducers should look at their
The surge of US beef into herd and consider culling
China can be attributed to those poorer performing and
the Trump administration’s open cows, as the slaughter
US-China trade agreement cow market remains strong.
for agricultural products. Do- Supply Chain – Dr. Grif-
mestic demand continues to fith touched on some of the
be strong as well, with the various legislation and regu-

BEEF EXPORTS pecially considering the cline in demand from China THE IMPORTANCE
continued from page 3 COVID-related obstacles in in 2021. Exports also in- continued from page 9
the global foodservice sector creased to Japan and South
and all the supply-side and Korea, including larger vol- or in a microwave oven.
up 1% from a year ago, and logistical challenges faced umes of chilled pork. Global The amount of immuno-
value climbed 33% to $991.8 by the U.S. industry," said exports of U.S. pork variety globulin ingested is a major
factor in final blood immuno-
million – the third largest USMEF President and CEO meat set a new value record
month on record, according Dan Halstrom. "Obvious- of $1.24 billion, up 19% globulin concentration and
disease protection. A practi-
to USMEF. Total volume in ly our large Asian markets year-over-year.
2021 was 1.44 million met- accounted for much of the "Entering last year, we cal rule-of-thumb is to feed
5% to 6% of the calf's body
ric tons, up 15% from 2020 growth, but it really takes knew it would be a daunt-
and 7% higher than the pre- broad-based global demand ing task to match the re- weight within the first six
hours and repeat the feed-
vious record set in 2018. Ex- to reach these impressive cord level of pork exports
port value soared to $10.58 levels. So this success story reached in 2020 because ing when the calf is about 12
hours old. For an 80-pound
billion, up 38% from 2020 is not just about Korea, of the recovery in China's
and shattering the previous Japan, and China – but also swine herd and its rising calf, this will equate to about
2 quarts of colostrum per
record by 27% set in 2018. a strong performance in domestic pork production," feeding.
Beef exports to Korea, Taiwan, excellent growth in Halstrom said. "But the U.S.
Japan, and China/Hong Central and South Ameri- is less dependent on China Commercial colostrum re-
Kong each exceeded $2 bil- ca and a rebound in Mexico than other major pork ex- placers contain more than
100 grams of immunoglob-
lion, setting new volume and Southeast Asia." porters, and this is definite- ulin per dose. Always read
and value records in Korea Pork exports fell 17% in ly reflected in the 2021 re- the label before purchasing.
and China/Hong Kong and December to 215,872 metric sults. Even with shipments
a value record in Japan. tons, valued at $604.3 mil- to China falling nearly 30%, It is important not to confuse
supplements and replacers.
Exports also set a new lion, down 12%. For 2021, total U.S. exports posted a
value record in Taiwan and export volume was 2.92 mil- very strong performance Supplements are used to
boost antibody protection a
reached new heights in lion metric tons, down 2% thanks to outstanding
Central America, Colom- from the 2020 record, but growth in Latin America calf gets from nursing and
contain 40 to 60 grams of im-
bia, and Indonesia. Global export value still climbed and other key markets."
exports of U.S. beef variety 5% to a record $8.11 billion. munoglobulins, which is not
enough to provide protection
meat also set a new value Record-large pork exports in a calf that has not nursed.
record of $1.09 billion, up to Mexico, Central America,
24% year-over-year. the Dominican Republic,
"The beef export results Colombia, and the Philip-
are truly remarkable, es- pines helped offset a de-