Beef Market Update: Bourbon Street, cattle weights, and weather patterns

It’s that time of  year when thousands of members of the cattle industry get together for the National Cattlemen’s Beef Association cattle conventions. This year’s event was at New Orleans, Louisiana, in the heart of a great city known for its cajun cuisine, late nights, and the most flamboyant of costumes.

RealAgriculture’s cattle analyst Anne Wasko attended the NCBA convention, and she has all of the highlights in this week’s Beef Market Update, including:

  • Cattlefax makes some predictions on 2019 market and weather conditions.
  • USDA Agriculture Secretary Sonny Perdue was the closing keynote speaker and emphasized the importance of trade with Japan and Korea for the U.S. industry. Watch AgDay’s Clinton Griffiths interview with Perdue which was recorded at convention this week.
  • Seven acres of tradeshow space featuring everything a rancher or cattle feeder needs.

Additionally, Wasko notes that an abnormally warm December and January is producing strong weight gains in cattle which will result in more beef on the market in 2019. At the same time colder weather in some areas of the U.S. cattle feeding regions have held back gains. Once again, whether you are growing crops or feeding cattle, weather is a key variable.

Enjoy this week’s Beef Market Update and if you have any questions or comments send Shaun an email at [email protected]

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