Funds Increase Long Cattle Positions

Managed money, or large commodity investment firms increased their collective net long live cattle futures position in the week ended last Tuesday as hedgers boosted their net short position. The data was gleaned from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday.   FUNDS LONGER CATTLER   Managed money’s new net long … Read More

USDA Trims 2021 Meat Production Outlook

The USDA, under the guidance of the World Agricultural Outlook Board, Friday reduced its estimate of 2021 total red meat and poultry production from a month earlier on lower expected pork and turkey production. The beef production forecast was raised from the March report amid a faster rate of cattle slaughter expected in the second … Read More

Cattle Feeders Face Bottom Line Pinch: Peel

The USDA’s National Agricultural Statistics Service’s Quarterly Stocks report and its Prospective Plantings report had significant implications for cattle feeders, said Oklahoma State University Agricultural Economist Derrell Peel. Peel made his comments in a newsletter to Extension Agents called Cow/Calf Corner.  In the letter, he said the reports indicated that corn stocks were tightening with … Read More

Estate Tax Changes Considered In Congress

Proposed changes to farm estate taxes are a sign of the strong feelings that exist for changes to the current tax code, but some schemes could have significant effects to family farms, according to a white paper published by the Illinois Farmdocdaily. Economists Krista Swanson, Gary Schnitkey and Nick Paulson from the Department of Agricultural … Read More

Survey: Farmer Outlooks More Positive In March

The monthly Purdue University/CME Group Ag Economy Barometer rose 12 points in March to a reading of 177, marking the highest reading for the barometer since October 2020, Purdue University agricultural economist, said in a release. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This … Read More

NCBA Plan To Study Cattle Price Discovery Moving Forward

Last year, several pieces of legislation were introduced in Congress whose principal aim was to increase the level of negotiated cash cattle trade, said Assistant Professor & Livestock Extension Economist for the Department of Agricultural Economics at the University of Nebraska, Lincoln, in a letter to Extension agents through the Livestock Marketing Information Center. The … Read More

Funds Reverse, Get Longer Cattle

Large commodity investment funds reversed their investment strategies in live cattle futures during the week ended Tuesday and took on a net longer position than the week before when it declined. At the same time, hedgers took the opposite tack and increased their collective net short position. The data came from the Commodity Futures Trading … Read More