Agricultural News
Fiscal Year 2011 Brings Profits to Angus Producers
Fri, 21 Oct 2011 13:39:08 CDT
Angus producers experienced economic growth in fiscal year (FY) 2011 despite a volatile agriculture industry.
"The Angus breed has the ability to efficiently produce high-quality beef and to consistently garner more value at sale time," says Bryce Schumann, American Angus Association® chief executive officer (CEO). "This makes Angus the breed of choice for cattlemen across the United States."
Bull sale averages increased nearly 26.6% above last year, and overall sale averages increased 20.8%.
Angus members registered 294,975 animals in FY 2011, which ended Sept. 30. Embryo transfers accounted for 10.3% of registrations, and more than 51% of calves were a result of artificial insemination (A.I). Of total registrations, more than 96,000, or 32.7%, were stored electronically in 2011.
Certified Angus Beef LLC (CAB) achieved its fifth consecutive sales record in 2011, totaling 807 million pounds an increase of almost 4% over 2010's previous record 777 million pounds. In fact, demand for the Certified Angus Beef® brand has risen 56% since 2002, according to Kansas State University research.
All CAB sectors, including food service and retail, saw increases. Two divisions set records, with international selling 90 million pounds for a 13% increase, and value-added products with a 12.5% increase to 18.5 million pounds.
Approximately 14.8 million head, 63% of U.S. finished cattle, were identified for evaluation. That was down slightly along with overall cattle supplies, but those certified for the Association-owned brand were slightly higher than last year's 3.5 million head. The overall increase in available supply for the record sales is partly due to acceptance rate edging higher to 24%, its highest level since 1987.
AngusSource® a USDA Process Verified Program (PVP) that documents source, group age and a minimum of 50% Angus genetics enrolled 142,281 head in FY 2011, increasing the number enrolled by 1.4% and bringing total enrollments to more than 670,000 head since the program was initiated as a PVP in 2005.
Gateway, a second-tier verification program documenting source and group age, saw a 62.8% increase in enrollments, with 31,345 head enrolled in FY 2011.
WebReadyTM Powered by WireReady® NSI
Top Agricultural News
More Headlines...
