Current Cattle Markets Daily Headlines for Thursday, September 17, 2020

by | Sep 17, 2020 | 0 comments

Kenilworth brahman heifers smash the record books at Charters Towers

  • A line of 104 yearling heifers weighing 666 lbs. recently sold in the northern region of Queensland for of $3,544 per head, $5.32/lb.
    • This outstanding price is more than double the normal commercial price for heifers in Australia.
  • Well-known seedstock producers Margaret and Kevin Maloney of Kenilworth Brahmans marketed the heifers.
  • The Maloney’s were astonished by the sale to say the least. Margaret Maloney said that dry weather conditions led to the decision to put the heifers on the sale.
  • The cattle market in Australia is very buoyant right now with a shortage of cattle because of drought and export trade playing in the their favor.


Strauss Brands lays plans for new beef plant

  • Beef processor Strauss Brands is currently seeking approval for a new 152,000 square-foot facility in Franklin, WS.
    • If approved, this plant would process between 250 to 500 cattle per day and employ about 260 workers.
  • Strauss Brands already operates a 41,000 square-foot plant in Franklin, where it employs approximately 170 workers.
  • In 2019, Strauss Brands proposed moving to nearby Milwaukee in search of expanded space, but this plan was met with resistance from Milwaukee’s community members and the members of the Milwaukee Common Council.
    • The company withdrew its Milwaukee proposal and instead laid plans to stay in Franklin after reaching an agreement with its hometown to redevelop a parcel of land there for its expansion.
  • A public hearing is scheduled on October 8th for the newly proposed Franklin facility.


Beef Promotion Operating Committee approves fiscal year 2021 checkoff plan of work

  • The Cattlemen’s Beef Board (CBB) will invest approximately $39,380,000 into programs for beef promotion, research, consumer information, industry information, foreign marketing and producer communications during 2021.
  • Last week, the Beef Promotion Operating Committee approved checkoff funding for thirteen “Authorization Requests”, also known as grant proposals, brought by nine contractors for the fiscal year beginning October 1st, 2021.
    • These nine contractors brought a total of $47,725,121 worth of funding requests, about $8.3 million more than the funds available from the CBB budget.
  • According to CBB Chair, Jared Bracket, cattlemen and women from across the U.S. and importers carefully considered every proposal to determine where checkoff dollars should be spent to increase beef demand providing producers with the best possible value for their checkoff investments.
  • Eight national beef organizations received approval for their proposals for fiscal year 2021. A few of the approved proposals:
    • NCBA: $26,442,207
    • United States Meat Export Federation: $8,350,170
    • Meat Import Council of America: $497,034
  • The Cattlemen’s Beef Board Budget for FY 2021 is about $43.1 million. Besides authorization requests, other expenses include:
    • $254,000 for program evaluation
    • $445,000 for program development
    • $720,000 for USDA oversight
    • $2.1 million for CBB administration
  • All authorization requests and budgets will now be sent onto the full Cattlemen’s Beef Board for approval. They will then be sent to the USDA’s Agricultural Marketing Service for review.


Boxed beef prices

  • Choice boxed beef: $215.38 (-0.71)
  • Select boxed beef: $204.51 (-1.77)


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