This is Andy Blumer, Angus Media web services team lead, with the August 31, 2022, update from the AJ Daily. Today’s update contains a story about maximizing profits under drought conditions, an announcement from USDA about $21.9 million in funding to strengthen meat and poultry supply chains, and information about the Global Conference on Sustainable Beef to be hosted in November.
Maximizing Profits Under Drought Conditions, Higher Input Costs and National Herd Liquidation
Adapted from a release by Elliott Dennis, University of Nebraska–Lincoln
Cow-calf producers have not faced this confluence of competing factors in the last 40 years. Some factors indicate cow-calf producers should continue herd liquidation, while other factors indicate there should be greater retention. What we do know from the USDA National Agricultural Statistics Service January 2022 Cattle Inventory report is that beef cows are down 2%, heifers held back for beef cow replacements are down 3%, and heifers expected to calve this year are down 3% year over year.
All of this indicates smaller feeder-cattle supplies in 2022 and 2023. That is what we know. What we don’t know is what decisions should be made to further liquidate the cow herd or begin rebuilding efforts given current and expected market conditions.
To read more, visit angusbeefbulletin.com/extra and select the management tab.
USDA Announces $21.9 Awarded to Further Strengthen Meat and Poultry Supply Chains
Adapted from a release by the USDA
The USDA Agricultural Marketing Service Aug. 31 announced an additional $21.9 million of funding is being awarded to 111 grant projects through the Meat and Poultry Inspection Readiness Grant Program, bringing total funding to $54.6 million. This year’s awards will fund projects in 37 states. The funding will help strengthen and develop new market opportunities for meat and poultry processors throughout the United States. To further these efforts, the Agricultural Marketing Service is also encouraging Meat and Poultry Inspection Readiness Grant awardees and eligible participants in USDA’s Meat and Poultry Supply Chain initiatives to request assistance through the Meat and Poultry Processing Capacity Technical Assistance Program.
For more information, click on the link in this episode’s description.
Global Conference on Sustainable Beef
Adapted from a release by the Global Roundtable for Sustainable Beef
Register for the Global Conference on Sustainable Beef and plan to join us in Denver, Colorado, on November 7-10, 2022.
The Global Conference on Sustainable Beef offers new information from leaders in beef sustainability, opportunities to develop relationships with numerous participants from across the globe and further power beef sustainability.
The Global Roundtable for Sustainable Beef has adopted important global goals regarding climate, animal health and welfare, and nature-positive production practices. This conference will spotlight work in those areas and provide a path to future progress.
If you have any questions regarding the conference or are interested in learning about sponsorship opportunities, please contact Katie Ambrose at katie.ambrose@grsbeef.org.
For more information or to register, click on the link in this episode’s description.
The AJ Daily is compiled by Paige Nelson, field editor for theAngus Journal. For more Angus news, visit angusjournal.net.