April beef imports up, exports decline from year-ago levels | Weekly Livestock Market Update
In this episode, host Meghan Grebner and Ag economist Charley Martinez discuss the current state of the livestock market, including significant price increases in cattle and pork, the implications of slaughter numbers, and the impact of international trade dynamics. They also delve into the potential risks posed by the New World Screwworm and the importance of risk management for producers. The conversation wraps up with expectations for upcoming supply and demand reports.
Takeaways:
» Cattle prices have seen significant increases recently.
» The pork market is also experiencing upward trends.
» Slaughter numbers are down year-over-year for both cattle and hogs.
» Trade data shows a decline in exports to China.
» Diversification in trade partners is crucial for market stability.
» New World Screwworm poses a real threat to cattle health.
» Producers need to be vigilant in monitoring cattle for health issues.
» Risk management is essential in times of high prices.
» Supply and demand reports will provide insights into future market conditions.
» The agricultural trade deficit is influenced by various factors beyond just livestock.
Chapters
00:00 Market Overview and Trends
08:30 Slaughter Numbers and Yearly Comparisons
10:13 Trade Data Insights
21:57 New World Screwworm Impact on Cattle
26:22 Supply and Demand Report Expectations
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