Few things remain predictable in the twists and turns of today’s cattle market.
But while cattlemen anticipate the next stage in the cattle cycle, one area remains stable — rising demand for registered Angus genetics.
In fact, the latest sale data from the American Angus Association® show a substantial increase in demand for Angus bulls. Fiscal numbers show the 31,921 registered Angus bulls sold from Oct. 1, 2010, to March 31, 2011, grossed more than $121 million for an average of $3,803 per head. That’s a $779-per-head increase — or 26% boost — compared to the same time period a year ago. (a)
“This is a significant testament to increasing demand for registered Angus genetics,” says Bryce Schumann, American Angus Association chief executive officer (CEO). “The nation’s cattlemen and women continue to see the benefits of quality Angus genetics in their cattle herd.”
Schumann suggests much of the demand has been spurred by a recovering U.S. economy, a low cattle inventory and strong market trends affecting feeder and fed cattle prices.
“These trends have played out this spring to show steady demand for Angus bulls and a healthy demand for Angus females,” he says. “And it isn’t localized. Our analysis shows bull prices are up in all regional manager territories across the country.”
Increased demand continues from a report issued in December that showed a significant boost in bull sale averages, at $3,258. The latest year-to-date figures released by the Association exceed that average by $545 per head.
“For a cattle breed, the only thing better than a successful sale season in the fall, is another the subsequent spring,” Schumann says. “We look forward to this trend continuing well into the future.”
The American Angus Association is the nation’s largest beef organization, serving nearly 30,000 members across the United States and Canada. It provides programs and services to farmers, ranchers and others who rely on the power of Angus to produce quality genetics for the beef industry and quality beef for consumers.
For more information about Angus cattle and the American Angus Association’s programs and services, visit www.angus.org.
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(a) As reported by American Angus Association staff at time of release.
Source: American Angus Association