Boxed beef cutout values in January have been above a year ago.
For a discussion of the beef items posting year-over-year wholesale price increases, see the LMIC's Livestock Monitor article below.
The U.S. chicken industry has struggled with profitability since last summer. Wholesale chicken wing prices surged in January helping profitability.
The new Livestock Monitor newsletter article below provides more discussion.
In the U.S., milk output per dairy cow is showing signs of increasing at a slower pace.
For some perspective on this topic and on milk prices, see the discussion below from the recent Livestock Monitor newsletter.
The comprehensive cutout is 3% ahead of a year ago in the month of January, averaging $213.21 per cwt. The end of the holiday season should have brought about seasonally higher chuck and round primal values, but in the first four weeks of the year, chuck, round, and flank primal values have been the only cuts lagging.
The chicken industry has struggled with profitability since the second half of the summer quarter. Wholesales prices for wings and breast meat sank to the lowest values in years. Consumption did not keep up with increased production, leading to unprecedented large holdings of product in cold storage. Industry economics vary, depending on bird size, product form and distribution channels. The majority of production goes into deboned and further processed products and this is where problems have been most severe.
Milk cow productivity is showing signs of increasing at a slower pace than has been typical since the start of the new millennium. USDA-National Agriculture Statistical Service (NASS) has not released data on milk production for December yet, but after the first eleven months, the total for the year is on track to be up slightly more than 200 pounds per cow, or about 1%, from 2017. In 2017, milk cow output increased 166 pounds per animal. Since 2010 the annual average increase has been 271 pounds and since 2000, the annual increase has been 279 pounds.
In The Cattle Markets
Current Livestock Monitor