Frozen Red Meat Stocks Mixed, Poultry Down

Total red meat supplies in freezers Feb. 28 were up about 3% from January but were down about 12% from last year, said the USDA’s National Agricultural Statistics Service Monday in the monthly Cold Storage report. Total frozen poultry supplies on Feb. 28 were down about 3% from the previous month and down about 14% … Read More

Funds Invest In Live Cattle, Corn Futures

Managed money, a proxy for large commodity investment firms, again boosted their combined net long position in live cattle futures during the week ended Tuesday, as hedgers raised their net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday.   FUNDS GET LONGER CATTLE   Managed money’s … Read More

Australia Beef Industry Rebuilding After Drought

The Australia beef industry is showing signs of entering a herd rebuilding phase, the USDA’s Foreign Agricultural Service said in a report. The rebuilding efforts firmed FAS/Canberra’s 2021 forecasts of lower cattle slaughter, cattle exports, beef production and beef exports, the report said. With a reduced breeding herd and more heifers expected to be retained … Read More

Western Drought Brings Forage, Feed Concerns

Dry conditions in the western US continue to bring long-run uncertainty to cattle price prospects as strong export markets fueled rising feed costs over the last six months, said Matthew Diersen, risk and business management specialist at South Dakota State University (go Jackrabbits), in a Livestock Marketing Information Center letter to Extension agents called In … Read More

Choice/Select Spread Near Decision Point

The spread between USDA-reported weekly choice and select beef carcass prices has fallen on uncharacteristic hard times and appears to be at a decision point. After opening the year significantly higher than last year or the 2015-2019 average and even going against a seasonal downturn for a time, the choice/select beef price spread fell sharply … Read More

Canada’s On-Feed Numbers Remain Below 2020

Canada’s cattle-on-feed numbers continued to run lower than last year but greater than the 2015-2019 average as of March 1, while placement numbers through February were more than last year and the previous five-year average. The data came from CanFax, a private market advisory group there.  CanFax shares the full set of its data about … Read More

Funds Increase Net Long Cattle Position

Large commodity investment funds, known as managed money, increased their net long live cattle futures position in the week ended Tuesday, reversing a two-week decline, according to the weekly Commitments of Traders report from the Commodity Futures Trading Commission Friday. The same report said commercial traders, those who own, or will own, the cattle and … Read More