Outlook bright for beef industry

 

Jeff DeYoung, Illinois Farmer Today

via AgUpdate - Apr 30, 2021  

 

Like most sectors of agriculture, COVID-19 took a bite out of the cattle industry. But nearly 14 months after the start of the pandemic, Dan Loy sees brighter days ahead.

 

“COVID hit the Iowa cattle especially hard, and January’s (USDA) cattle numbers were down more in Iowa than the U.S. numbers,” says Loy, an Iowa State University Extension beef specialist and director of the Iowa Beef Center. “But with what we are seeing now, I think we’re poised to do very well.”

 

According to the USDA numbers, the total cattle inventory in Iowa on Jan. 1, 2021, was 3.65 million head, down 5.2% from a year ago. Iowa ranks 8th nationally in total numbers, and 4th nationally in cattle on feed, trailing Texas, Nebraska and Kansas.

 

A total of 1.722 million fed cattle were marketed in Iowa in 2020.

 

Loy says COVID not only forced temporary shutdowns of processing plants, but says the demand for ethanol co-products made finding feed more difficult...

 

U.S. Beef Industry Statistics ...

 

Exports ...

 

Top 5 States for Cattle on Feed (Jan. 1, 2021) ...

 

more

https://www.agupdate.com/illinoisfarmertoday/news/livestock/outlook-bright-for-beef-industry/article_f36285f0-a83e-11eb-b43d-93683e8db623.html