The July Cattle Inventory report showed a reduction in both beef and dairy cows by 2 percent and 1 percent respectively but adding in the last “normal” year of 2019 shows a trend of beef cow liquidation against an increasing dairy herd.
The above is interesting when combined with the trend of beef on dairy breeding. Note that this year, according to the National Association of Animal Breeders (NAAB), dairy semen sales are down 7 percent year-over-year, and at a 17-year low. Also, NAAB’s year end 2021 report shows that sales for beef on dairy is up 30 percent over 2020. Interestingly, there is also an increase in beef embryo transplants in dairy cows. Part of this is animal numbers, but part is also due to h...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
