CARTHAGE, Mo. (RFD NEWS) — More cattle are qualifying for the highest quality beef grades, and the U.S. Department of Agriculture (USDA) is taking a closer look at whether current grading standards still accurately separate premium beef products.
The department says it will begin reviewing the nation’s beef grading system as more cattle reach Prime quality grades. The review will examine whether additional marbling categories or other changes are needed to better distinguish high-quality beef.
Industry analysts say any changes to the grading system could have a significant impact on cattle producers. Updates could influence grid premiums, breeding decisions, and packers’ determination of the value of high-quality cattle.
There is continued uncertainty across the agriculture sector as producers navigate market volatility, geopolitical events, and changing risk factors. Many livestock producers are looking for ways to better manage those challenges.
Jake Charleston with Specialty Risk Insurance joined us on Tuesday’s Market Day Report to discuss risk management considerations for cattle producers.
In his interview with RFD News, Charleston discussed what he is watching most closely in the cattle market over the next 6 to 12 months, as well as the factors producers should consider when making risk management decisions. He also shared some specific risks producers may not be paying enough attention to, as well as the importance of having conversations about protecting their operations.
Finally, Charleston explained how producer conversations have changed in recent years and what topics are coming up more frequently as the industry continues to face new challenges.
LEARN MORE: www.specialtyrisk.ag
