beef prices

Beef prices have started to show some improvements this week across Australia, a cooperative representing around 500 Riverland grape growers has settled a contract dispute with Accolade Wines, and meet the locals who helped win Wudinna the title of South Australia's Ag Town of the Year

What might this fall harvest season have in store when it comes to the markets and market prices? Where might the cost of diesel and propane be as growers fire up those combines and grain driers? What about the market for various feed ingredients? Is it advisable to stock up now or hold off a bit on those purchases? 

The markets for beef cattle and hogs look to be making some adjustments as well. What might those look like as we head into the end of the year? 

Lots of questions and to find out more we caught up with Andrew McCarty and Domenic Varricchio, co-founders of Pluto Commodities, during this week’s Farm Progress Show in Decatur, Illinois. 

This episode is sponsored by United Animal Health, a leader in animal health and nutrition. You can learn more about United Animal Health and how they are working to advance animal science worldwide by visiting the website at UnitedANH.com

For more information, on this and other topics, we invite you to visit our websites - www.Feedstuffs.com, www.BeefMagazine.com and www.NationalHogFarmer.com. While you are there be sure to check out our digital editions and our new Feedstuffs 365 platform.

Cattle Australia chairman David Foote sits down with James Wagstaff to discuss everything from deflated cattle returns to retail beef prices to market access.

We also introduce our Over The Fence segment with leading farmers addressing the issues affecting them at a grassroots level; this week we catch up with West Australian grain grower Barry Large.

See omnystudio.com/listener for privacy information.

This week on the The Australian Ag Podcast, host James Wagstaff is joined by co-host Jackson Hewett and the Managing Director, from Warrendale Wagyu, Tom Richardson.

Warrendale Wagyu, is Britain's largest wagyu operation and currently supplies two of the nations' biggest retail chains. They discuss the wagyu market in Europe as cost of living pressures rise and as the Australian-UK Free Trade Agreement comes into play.

See omnystudio.com/listener for privacy information.

Protein prices have increased rapidly in the past 24 months, amid the broader press of inflation. With inflation at its highest rate in more than 40 years, the question becomes how long beef, pork and poultry prices can remain at such elevated levels before demand erodes significantly.

David Williams is senior vice president of procurement and management at CTI Foods, based in Texas. In this episode, Williams discusses the current state of the animal protein markets, with an eye toward the implications of sustained food price inflation on demand, and how those same factors will influence the supply side of the equation over the next 12-to-24 months.

We also discuss the persistent drought in cattle country, and why he says most analysts are underestimating how much the cattle herd is shrinking as producers struggle in the absence of hay and pasture.

This episode is sponsored by United Animal Health, a leader in animal health and nutrition. You can learn more about United Animal Health and how they are working to advance animal science worldwide by visiting their website UnitedANH.com.

Whether its residual impacts of the COVID-19 pandemic or the Russian invasion of Ukraine, the cost of goods and commodities has led to a record rate of inflation that hasn’t been seen since in nearly 40 years. But how can impacted brands get ahead of the story? Austin Staton and Thomas Baen discuss global inflation and open communications in a bonus episode of The Business Communicators.

 

Music Credit: Smoke (with Lostboycrow) – Feather 

KEY LINKS FOR THE WEEK 
🎙 Listen to Daniel Vaughn on The Business Communicators
🎥 Graham Stephan on his coffee company going broke

 

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Beef prices – like all food prices – have increased as the inflationary story in the marketplace unfolds. Thus far consumers haven’t balked at paying higher prices for their favorite center-of-plate protein, but how long can that demand hold out? And what is the outlook for the cattle producer as feed costs escalate, too?

Don Close is an agricultural economist, and senior animal protein analyst with Rabobank’s Food & Agribusiness Research team. He recently released a report on the beef supply in a “post-COVID world”, discussing a series of challenges facing the beef supply chain in the coming year. I spoke with Don about those challenges, and how beef demand has remained so resilient in the face of inflation the likes of which hasn’t been seen in a generation.

This episode is sponsored by Novus International, Inc. — a leader in poultry, dairy and swine nutrition solutions driven by science. Novus’ products and services look at the whole animal, focusing on productivity and well-being, in order to feed the world affordable and wholesome food.

For more information, visit Novus’s website at www.novusint.com

This episode is a conversation with my friend and fellow foodie Caleb Sindic all about the beef supply chain in America and why beef prices have increased in 2021.

Episode Overview:

• What metric is used to measure food prices in the US?
• What has happened in the supply chain that caused beef prices to increase in 2021
• Who controls the beef market?
• How the government and ranchers are taking action to bring change to the industry
• Caleb’s first successful deer hunt & what the field2table experience was like up close

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More than 50 people have lost their lives in farm-related accidents over the past year.

The shocking statistic is equivalent to one person every week going to work on a UK farm and never returning home.

We look at the reasons behind agriculture's appalling safety record – and ways to improve it.

With farm incomes forecast to decline – how are you preparing for the future?

On the markets, beef prices continue to rise.

We examine the controversy over poor water quality – are farmers really to blame? Or should water companies shoulder more of the responsibility?

And we pay tribute to Prince Philip – as farmers share their memories of the Duke of Edinburgh.

Guests on this episode include NFU deputy president Stuart Roberts, Stephanie Berkeley (Farm Safety Foundation), Stephen Britton (Health & Safety Executive), Aled Jones (NFU Cymru), Mark Lloyd (Rivers Trust), Sarah Belton (Hydrologist), Jason Beedell (Strutt & Parker), Rutland farmer Andrew Brown, Geoff Sansome (Natural England), and Teresa Dent (Game & Wildlife Conservation Trust).

This episode of the Farmers Weekly Podcast is co-hosted by Farmers Weekly chief reporter Johann Tasker and Surrey farmer Hugh Brown, with Farmers Weekly senior livestock reporter Michael Priestley.