Why You Should Never Reduce Nutrition When You Need To Cut Expenses

We hear why nutrition should never be considered when trying to reduce expenses on the ranch.  How are grass cattle selling at local auctions?  We hear news, markets, updates and more wrapped into this all new  episode of The Ranch It Up Radio Show. Be sure to subscribe on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel. EPISODE 181 DETAILS FURST MCNESS & LEGACY FORWARD BEEF NUTRITION Our Services Delivering cutting-edge nutrition technologies and innovative health products..   Furst Animal Health Pioneering value-driven solutions through teamwork and innovative animal health products.   McNess Nutrition Over a century of excellence in providing tailored commercial feed solutions and high-performance feed technologies.   The Furst McNess Culture Understand that being great is a choice Never settle for average or “good enough” Relentlessly search for ways to serve our customers better Work as a team Value and respect one another Earn trust through our actions Act in a sage and professional manner at all times Conduct ourselves with the highest level of integrity Deliver on the commitments we make Invest in our professional and personal development Maintain a positive work environment that promotes success Have fun and celebrate our successes     STOCKMEN’S LIVESTOCK SALE REPORT COW COUNTRY NEWS Beef Forecast Rebounds Flat is the new up, when it comes to the latest forecast of U.S. beef production, according to the latest analysis by Steiner Consulting Group, via its Daily Livestock Report. It’s likely that beef production for this year will be  only 509 million pounds – 1.9% - lower than a year ago, the report said. That’s a sharp improvement from the expected 8% drop forecast a year ago. Meanwhile, the USDA held steady with its beef import forecast, anticipating a 12% rise, and its expectations for an 8% drop in beef exports. That means that the country’s supply of beef per capita is roughly unchanged, according to Steiner analysis.  Beef Exports Fall As Imports Rise Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist recently wrote for meatingplace.com saying that U.S. beef trade continues to evolve in the face of a unique domestic cattle market situation.  Beef exports in February were down 1.3% year over year with the two-month total thus far in 2024 down 2.6%.  This follows a 2023 year over year decrease of 14.3% from record 2022 beef exports.  Beef exports in the first two months of the year are down year over year from most of the top markets; including number one Japan, number two South Korea, and number three China/Hong Kong.  Additionally, Canada, the number five market is down 2.0% thus far in 2024, along with number six Taiwan.  Mexico, which had been the number three market as recently as 2019, is currently the number four market but recovering.  Beef exports to Mexico were up in January and February. Beef imports in February were up 23.8% year over year and are up 31.9% in the first two months of the year.  Beef imports this year are led by Brazil, who jumps out strongly to fill the “other country” quota early in the year, with shipments moderating after two or three months in the face of the over-quota tariff.  Imports from Brazil are up 41.8% year over year thus far in 2024.  Imports from Australia are up sharply so far this year.  Canada is the number two import source, slightly ahead of Australia and up 9.0 percent year over year.  New Zealand is the number four beef import source and is up 48.6 percent thus far in 2024.   Beef exports continue to face headwinds as beef production decreases and beef prices increase in the U.S. market.  A generally strong U.S. dollar adds additional headwinds, making U.S. beef imports more expensive to international customers.  At the same time, decreasing domestic beef supplies in the U.S., coupled with higher prices, attracts additional beef imports, with the strong dollar adding additional incentive for beef imports.  As is typical, beef imports are heavily dominated by imports of lean processing beef to supplement decreasing supplies of non fed beef in the U.S.  Decreasing lean beef supplies, coupled with strong ground beef demand in the U.S. is pushing 90 percent lean prices (and ground beef prices) to record levels.  Fed beef (steer and heifer) production is declining, but the large percentage of yield grade 4 and 5 in feedlot cattle means that the supply of fatty (50 percent lean) trimmings is high relative to lean beef supplies and stimulating strong demand for domestic and imported lean processing beef to increase ground beef production.   UPCOMING BULL SALES ANGUS CHAROLAIS HEREFORD GELBVIEH BALANCER RED ANGUS SIMMENTAL SIMANGUS SOUTH DEVON POUNDMAKER NAVIGATOR   DLCC Ranch:  April 20, 2024, Pierz, Minnesota Four Hill Farm North Country Angus Alliance: April 21, 2024, Bagley, Minnesota Spruce Hill Ranch: May 2, 2024, Bowman, ND BULL SALE REPORT & RESULTS Churchill Cattle Company Van Newkirk Herefords Gardiner Angus Ranch Cow Camp Ranch Jungels Shorthorn Farms Ellingson Angus Edgar Brothers Angus Schaff Angus Valley Prairie Hills Gelbvieh Clear Springs Cattle Company CK Cattle Mrnak Hereford Ranch Frey Angus Ranch Hoffmann Angus Farms Topp Herefords River Creek Farms Upstream Ranch Gustin’s Diamond D Gelbvieh Schiefelbein Farms Wasem Red Angus Raven Angus Krebs Ranch Yon Family Farms Chestnut Angus Eichacker Simmentals & JK Angus Windy Creek Cattle Company Pedersen Broken Heart Ranch Mar Mac Farms Warner Beef Genetics Arda Farms & Freeway Angus Leland Red Angus & Koester Red Angus Fast - Dohrmann - Strommen RBM Livestock Weber Land & Cattle Sundsbak Farms Hidden Angus Wheatland Cattle Company Miller Angus Farms L 83 Ranch U2 Ranch Vollmer Angus Ranch A & B Cattle Carter Angus Farms Roller Ranch Montgomery Ranch Jorgensen Farms FEATURING Robby Bondurant, Ph.D. Willard Lemaster Furst - McNess Company https://www.mcness.com/ https://www.mcness.com/legacy-forward-beef/ @FurstMcNessCompany   Austin Henderson Stockmen's Livestock http://www.gostockmens.com/ @GoStockmens @AustinDanJohn   Kirk Donsbach: Stone X Financial https://www.stonex.com/   @StoneXGroupInc      Mark Van Zee  Livestock Market, Equine Market, Auction Time https://www.auctiontime.com/ https://www.livestockmarket.com/ https://www.equinemarket.com/ @LivestockMkt @EquineMkt @AuctionTime   Shaye Koester Casual Cattle Conversation https://www.casualcattleconversations.com/ @cattleconvos   Questions & Concerns From The Field? Call or Text your questions, or comments to 707-RANCH20 or 707-726-2420 Or email [email protected] FOLLOW Facebook/Instagram: @RanchItUpShow SUBSCRIBE to the Ranch It Up YouTube Channel: @ranchitup Website: RanchItUpShow.com https://ranchitupshow.com/ The Ranch It Up Podcast available on ALL podcasting apps. Rural America is center-stage on this outfit. AND how is that? Because of Tigger & BEC... Live This Western Lifestyle. Tigger & BEC represent the Working Ranch world by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner. Learn more about Jeff 'Tigger' Erhardt & Rebecca Wanner aka BEC here: TiggerandBEC.com https://tiggerandbec.com/ #RanchItUp #StayRanchy #TiggerApproved #tiggerandbec #rodeo #ranching #farming References https://www.stonex.com/ https://www.livestockmarket.com/ https://www.equinemarket.com/ https://www.auctiontime.com/ https://gelbvieh.org/ https://www.imogeneingredients.com/ https://alliedgeneticresources.com/ https://westwayfeed.com/ https://medoraboot.com/ http://www.gostockmens.com/ https://ranchchannel.com/ https://jorgensenfarms.com/ https://www.dlccranch.com/ https://dailylivestockreport.com/dashboard https://www.meatingplace.com/Industry/News/Details/114174 https://www.meatingplace.com/Industry/News/Details/114144