In this file:

 

         AU: China's taste for beef still strong

         US: Producers in Driver's Seat

 

 

China's taste for beef still strong

 

Shan Goodwin, Queensland Country Life (AU)

6 Oct 2021

 

CHINA's taste for Australian beef is showing no signs of waning, which places the cattle business in a very good position given the world's most populous nation is touted to be the epicenter of rising global protein demand for years to come.

 

The latest government red meat export figures show beef shipments to China jumped 4 per cent on August volumes to 12,435 tonnes shipping weight. They are running just under the five-year average.

 

While exports to China might not be anywhere near the dizzying heights of three to four years ago when this market first started to accelerate - monthly shipments then were more than double the current amount - it's an indication of very strong foundations in a valuable market.

 

Given the geopolitical tensions playing out between Australia and China, the fact numerous Australian plants are still locked out of the market on technical issues and significantly reduced Australian beef production, the trade with China is in top form by all accounts.

 

China is among what Thomas Elders Markets analysts call beef's 'gang of four' - which also includes the United States, Japan and Korea. All showed gains in volumes bought from Australia...

 

Global demand red hot ...

 

more, including chart

https://www.queenslandcountrylife.com.au/story/7458933/chinas-taste-for-beef-still-strong/?cs=4707

 

 

Producers in Driver's Seat

Don't Let Record-High Cattle on Feed Fool You

 

By Victoria G Myers, Progressive Farmer/DTN

10/4/2021

 

News of continued high inventory numbers for cattle on feed was enough to fuel some bearish talk among livestock analysts last week. But producers shouldn't let that spur them to underprice feeders, as time is on their side.

 

Here's what the numbers say. Cattle on feed inventory for September came in at 11.234 million head, the second-highest on record...

 

... Peel said the large number of heavy placements would "front-end load future production."

 

COW-CALF PRODUCERS IN A GOOD PLACE

 

Corbitt Wall, livestock market specialist with DVAuction out of Texas, told DTN the more analysts looked at those cattle on feed inventory numbers last week the more bearish they appeared. But he believes a lot of what the industry is seeing is really a function of people being fearful about feed costs late fall into winter.

 

"A lot of those cattle were in backgrounding operations," he said. "They were already on feed, just not in a big feedyard, which is what the report follows. So, a lot of these cattle were likely being fed a concentrated ration, they were also being held on grass for cheap gains as long as possible. It's those cattle that added to this number, and that's why we saw so many heavy placements."

 

While analysts dissect the numbers and wait for the next data drop, Wall says cow-calf producers need to keep their eyes on the prize.

 

"The reality of this is that we're short on cattle, and numbers are dwindling quickly...

 

more

https://www.dtnpf.com/agriculture/web/ag/livestock/article/2021/10/04/let-record-high-cattle-feed-fool