Weekly eNewsletter

May 30, 2023

Vol. 264

This Week's Top Stories:

Upcoming Events:

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Trivia:

The current inventory of beef cattle on feed is approximately 11.6 million. What percentage is this an increase or decrease from May of 2022?

Celebrate National Beef Month This May!

Click here to learn more.

Egg Prices Plummet as Supplies Outpace Demand

Egg supplies are still below where production was a year ago, but supplies continue to rise amid declining purchases.

Egg prices appear to be taking a supply and demand market-driven tumble, according to a Texas A&M AgriLife Extension Service expert.

Consumers might have noticed lower egg prices over recent weeks, and David Anderson, Ph.D., AgriLife Extension economist, Bryan-College Station, expects that trend to continue.

Egg supplies are still below where production was a year ago, but supplies continue to rise amid declining purchases, he said. Rising supplies and weaker demand are driving egg prices downward.

Producers continue to rebuild the table egg-laying flock that was hit hard by the avian flu outbreak beginning in February 2022. While egg production has increased, Anderson said demand typically dips after Easter before climbing again around Thanksgiving Day and through the fall holiday season.

“Some of the demand issue is seasonal, but consumer response to higher egg prices is also part of it,” he said. “Meanwhile egg producers continue to increase production, and the market is responding to the supply and demand factors. It’s a good example of how the market works.”

Important Information:

The Forecast Looks Good for Grilling and That's Great News for Meat Demand

Memorial Day weekend marks the unofficial start to grilling season. And with sunny and warm weather in the forecast, it could be a big weekend for meat demand.

“From what I’ve seen the weather forecast, it looks like we're going to have clear sailing for firing up a lot of grills,” says Don Close, chief research and analytics officer with Terrain.

Favorable weather could help entice more cookouts even as inflation is dampening some of that demand.

Carving Out Convenience: Young Cattle Producer Serves Success With Vending Machine of Meat

Walk into the Green Grass Cattle Company & Mercantile in Weston, Mo., and you’re immediately greeted with a slice of nostalgia. From a recently acquired feed store, to a storefront featuring beef, home goods and apparel, it’s a family-run business with solid rural roots.

“I'm the fifth generation in my family to take this on,” says Tim Haer, when asked how long his family has been farming.

He may be a fifth-generation farmer, but he’s now part of what’s become first-generation beef business.

Food Has Become More Than Just Nutrition

Food is the most basic of human needs, and for generations, farmers have filled that need for nourishment. Food options have even become exponentially more abundant as farms have become more productive and connected.

With more to select from, many consumers have been afforded the choice to demand more of their meals than just nutrition. These days, food decisions are not as simple as they once were, and to remain top of mind when shoppers are filling up their grocery carts, food producers must recognize those needs.

ENJOY 10% OFF!

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INDIVIDUAL MEMBERSHIP

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Upcoming Events:

June 1-30 - National Dairy Month

June 3 - Cows on the Concourse

June 7-9 - World Pork Expo's Educational Seminars

WLIC Members

Being a small non-profit, WLIC relies on memberships and sponsorships to further academic programs and events to educate on livestock traceability, identification, and premises ID. We sincerely thank our Industry and Individual partners for their continuous support of WLIC.

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