Holiday Beef Demand Aggressive

Right on schedule, holiday beef demand has shown up in wholesale markets, and it appears to be aggressive, said Glenn Selk, Oklahoma State University agricultural economist, in a letter to Extension agents called Cow/Calf Corner. Strong demand and tighter choice supplies (from a lower percentage of choice carcasses) are contributing to sharply higher choice beef … Read More

Phase 1 May Not Deliver Expected Soybean Exports

While the prospect of expanded exports to China appears promising with the Phase 1 deal, the overall increase in US soybean exports may not be at levels equivalent to Chinese buying said Todd Hubbs, agricultural economist with the University of Illinois in a letter to Extension agents called Farmdoc Daily. During the 2018-19 marketing year, … Read More

Funds Boost Long Cattle Position

Large commodity investment funds, called managed money by traders, boosted their collective net long live cattle futures position during the week ended Tuesday, according to the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. The CFTC said managed money’s new net long live cattle futures position Tuesday stood at 38,273 contracts, up 9,933, … Read More

Beef Packer Margins Expand; Feeder Margins In Red

Estimated beef packer margins expanded again last week, while cattle feeding margins remained in the red, according to Sterling Marketing Inc.’s weekly Beef Profit Tracker. The Profit Tracker, which is published by Drovers, showed estimated feedlot returns on unhedged, slaughter-ready cattle sold to packers last week at a minus $24.80 a head, compared with estimated … Read More

US Border Protections Called Adequate To Stop ASF

Current methods of keeping foreign animal diseases out of the US likely are adequate to keep African Swine Fever at bay, said David Miller, chief economist for Decision Innovation Solutions, which provides economic analysis and business development services to businesses, in an interview. Many hog market analysts and producers fear the introduction of African Swine … Read More

Consumers Still Want Choice Beef

Strong consumer demand for choice beef appears to be a constant in the beef market now, and unless things change abruptly, and soon, wholesale prices for choice and select beef appear likely to remain inordinately wide into the new year. As of last week, the choice/select spread was at $25.00 per cwt.  This is $11.39, … Read More

Q3 Farm Lending Growth Slows; Volume Remain High

Growth in farm lending at commercial banks slowed in the third quarter of 2019, yet loan volumes in the farm sector remained elevated, said the Kansas City Federal Reserve Bank in a study. Following nine straight quarters of year-over-year growth and a particularly notable increase a year ago, the volume of total non-real estate farm … Read More