Funds Extend Long Cattle Position

Large commodity investment funds, called managed money, extended their collective net long live cattle futures position during the week ended Tuesday to its highest level in more than three months. According to the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday, managed money’s net long cattle position as of Tuesday was 33,177 contracts, … Read More

Short Covering Overruns WASDE Meat Estimates

CME Group live cattle futures settled higher Thursday as technical short covering overran the bearish effects of a USDA World Agricultural Supply and Demand Estimates report that increased 2018 estimated red meat and poultry production from a month ago. The 2018 beef production forecast was raised to 27.150 billion pounds from 27.125 billion on higher … Read More

Short Covering Overruns WASDE Meat Estimates

CME Group live cattle futures settled higher Thursday as technical short covering overran the bearish effects of a USDA World Agricultural Supply and Demand Estimates report that increased 2018 estimated red meat and poultry production from a month ago. The 2018 beef production forecast was raised to 27.150 billion pounds from 27.125 billion on higher … Read More

Feed Supplies Support Feeder Cattle: Economist

Given the larger size of the US cattle herd this year, the strength of feeder cattle prices is somewhat of a surprise to many, but Agricultural Economist Stephen Koontz said it’s all because of abundant feedstuffs. Koontz, from Colorado State University, wrote in this week’s “In the Cattle Markets” for the Livestock Marketing Information Center, … Read More

Hay Buyers Should Watch Storage Methods

As cow/calf producers and feedlots look to put up and purchase hay for the winter, they should pay attention to how it is baled and stored to maximize the nutrient value when fed. It pays, then, to look at the various storage methods and how they can affect the as-fed quality of the forage.  Much … Read More

May Beef Exports Set New Value Record

US beef exports set a new value record in May, even though year-over-year volume also rose, said the US Meat Export Federation after analysts there compiled USDA data released Monday. Exports of US beef and beef variety meats in May totaled 117,871 tonnes, the sixth largest on record.  It was up 6,658, or 5.99%, from … Read More

June Cattle Market “A Slow Burn;” Analyst

June’s cash fed cattle market was something of a slow burn after being hit hard in May, said Nevil Speer, agricultural industry consultant of Bowling Green, KY, in a market analysis on the “Beef” website.  It’s all a part of the seasonality of cattle prices. Last year, the cattle market found an extra shot of … Read More