2011 fiscal year ends for Angus, numbers and profit recorded
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,” said 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 percent above last year, and overall sale averages increased 20.8 percent.
Angus members registered 294,975 animals in FY 2011, which ended Sept. 30. Embryo transfers accounted for 10.3 percent of registrations, and more than 51 percent of calves were a result of artificial insemination (AI. Of total registrations, more than 96,000, or 32.7 percent, 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 percent over 2010’s previous record 777 million pounds. In fact, demand for the CAB brand has risen 56 percent 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 percent increase, and value-added products with a 12.5 percent increase to 18.5 million pounds.
Approximately 14.8 million head, 63 percent 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 percent, its highest level since 1987.
AngusSource – a USDA Process Verified Program (PVP) that documents source, group age and a minimum of 50 percent Angus genetics – enrolled 142,281 head in FY 2011, increasing the number enrolled by 1.4 percent 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 percent increase in enrollments, with 31,345 head enrolled in FY 2011.
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,” said 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 percent above last year, and overall sale averages increased 20.8 percent.
Angus members registered 294,975 animals in FY 2011, which ended Sept. 30. Embryo transfers accounted for 10.3 percent of registrations, and more than 51 percent of calves were a result of artificial insemination (AI. Of total registrations, more than 96,000, or 32.7 percent, 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 percent over 2010’s previous record 777 million pounds. In fact, demand for the CAB brand has risen 56 percent 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 percent increase, and value-added products with a 12.5 percent increase to 18.5 million pounds.
Approximately 14.8 million head, 63 percent 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 percent, its highest level since 1987.
AngusSource – a USDA Process Verified Program (PVP) that documents source, group age and a minimum of 50 percent Angus genetics – enrolled 142,281 head in FY 2011, increasing the number enrolled by 1.4 percent 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 percent increase in enrollments, with 31,345 head enrolled in FY 2011.
