Oklahoma State’s Derrell Peel says the beef industry needs time — not politics or policy — to solve beef supply and demand realities.
Details are minimal so it’s not clear how there will be enough staff to provide the Milk Production, Crop Production, Cattle on Feed and WASDE reports with many still furloughed.
On Wednesday, Secretary Rollins announced a plan for American ranchers and consumers as Trump posted comments on social media regarding tariff impact on beef prices.
Joe Glauber, senior research fellow with the International Food Policy Research Institute, says the trade imbalance may not be as concerning as it looks on the surface.
Market analysts attribute the strong beef demand to several factors including the consumer craze for protein.
Last year’s USDA Cattle Inventory Report showed the smallest cattle herd since 1951. With strong heifer prices and no strong signs of rebuilding underway, the Ag Economists’ Monthly Monitor shows supplies may come in even lower than last year.
The October Monthly Monitor reflects cautious optimism in certain areas of agriculture, marked by export strengths and potential price recoveries, but shadowed by long-term rebuilding challenges, weather dependencies and the impact of the upcoming election.
The latest Ag Economists’ Monthly Monitor, a survey of nearly 70 ag economists from across the U.S., shows the lack of exports, as well as the current crop prices, are eroding outlooks on the crops side. While strong beef demand and cheaper feed prices are creating more optimism in cattle.