Genetics That Stand the Test Of Time
With Founder Membership # 3 , our family is proud to have been a part of the Limousin business since the breed ’ s arrival in North America . We focus on raising Limousin and Lim-Flex cattle that combine calving-ease and performance with above average docility and carcass merit . Our commitment has , and always will be , to produce a quality product backed with the highest level of customer service .
We have calves on the ground by AHCC Earning Power , CELL Heavy Hitter , MAGS Cable , MAGS Federal Reserve and ROMN Floyd Mudhenkey 101F . Come see what a 53 year commitment to the Limousin business looks like .
AVAILABLE PRIVATE TREATY : - Fall Yearling Bulls - Spring Yearling Bulls - Open Replacement Heifers continued from page 40
additional forage reduction and push herd inventories even lower ,” Peel says .
From January through April , Peel explains beef cow slaughter equated to 4.2 % of the Jan . 1 inventory . It was 3.0 % for the same period from 1986 though 2021 .
“ The highest previous culling percentage for the January through April period was 3.7 % in 1986 ,” Peel says . “ The beef cow herd decline this year may well be the largest since 1986 , when the beef cow herd decreased 4.7 % year over year , a drop of 1.65 million head in one year .”
Likewise , in the LDPO , ERS analysts say drought and high operating costs lifted beef cow culling in the first quarter to levels unseen for decades .
“ Based on USDA Agricultural Marketing Service reports for actual weekly slaughter under federal inspection , April 2022 showed the highest number of beef cows slaughtered for the month since 1996 ,” ERS analysts say . “ There were over 5 million more beef cows on January 1 of 1996 than January 1 of this year . Subsequently , the outlook weakens for the potential calf crops in 2022 and 2023 , further reducing potential cattle placements year over year in late 2022 and early 2023 .
“ As more calves are placed in feedlots sooner than normally expected due to drought conditions , marketings in 2022 are pulled forward into the second and third quarters , partially offsetting an expected decline in marketings in late 2022 .”
Raising Limousin Seedstock for 53 Years
Brad and Janet Waddle 440 Road 161 • Pine Bluffs , Wyoming 82082 307 / 245-3599 Phone / Fax • waddlelimousin @ rtconnect . net
42 • JULY 2022
Inflation Weighing on Consumers So far , domestic beef demand remains resilient in the face of steamy inflation , but some cracks are beginning to appear .
For instance , food inflation and rising costs contributed to a yearover-year 4 % decline in consumer visits to U . S . restaurants in April compared to a year ago , according to The NPD Group . Restaurant traffic in April was 11 % below the pre-pandemic level in April 2019 . The 1 % increase in consumer spending at restaurants in April versus a year ago was more a reflection of higher prices than increased use of restaurants , according to NPD ’ s daily tracking of the U . S . foodservice industry . Those analysts note the price of a foodservice meal was 9 % higher than April of 2019 .
“ For many consumers , it ’ s more affordable to eat at home ,” says David Portalatin , NPD food industry advisor .
Rising restaurant prices have had the most impact on lower-income households and households with kids , according to NPD . For consumers in households with annual incomes of less than $ 50,000 , restaurant visits declined by 11 % in April 2022 compared to the same month a year ago . Traffic from households with kids younger than 6 was down 8 %; traffic decreased by 9 % for households with kids ages 6 to 12 .
Also , LMIC analysts note total red meat in cold storage has risen since the start of the year . There were nearly 1.1 billion lbs . of red meat in cold storage at the end of April . That was up 10 % from the start of the year and 16 % more than the same time last year .
“ Higher red meat in cold storage was due to above-normal beef stock levels ,” say LMIC analysts . “ In April , there were 531.7 million lbs . of beef in cold storage , up 18.5 % or 82.9 million lbs . from a year