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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-
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