During the second half of 2013, Peel predicts beef cow slaughter to taper. He doesn’t believe, however, the slowdown will be enough to avoid net beef herd liquidation this year.
As of early July, Peel said 51 percent of US pastures and ranges are in good or excellent condition vs. 25 percent for the same time last year. This year, 25 percent of pastures and ranges were in poor or very poor condition, vs.43 percent last year.
Trending down over the past two months from $89.43 at the start of May, meat packer margins averaged $67.41 per head last week.