Canada Feedlot Numbers Still Above 2018, Average

The estimated number of cattle in Canadian feedlots continues to hold well above last year and the 2013-2017 average, said CanFax, a private market advisory service that publishes the statistics. The CanFax report came out last week, ahead of today’s scheduled monthly Cattle on Feed report from the USDA’s National Agricultural Statistics Service, in which … Read More

Red Meat Stores Up From April, Down From 2018

Total red meat supplies in US freezers on April 30 were up slightly from the April report but down about 5% from last year, the USDA’s National Agricultural Statistics Service said in its monthly Cold Storage report Wednesday. Total frozen poultry supplies were up about 2% from a month ago and up slightly from a … Read More

ASF Has Implications For US

African Swine Fever continues to decimate the world’s largest hog herd, and the implications and danger affect US hog and soybean markets, said a story in the Illinois Farm Policy News. Reporter Laura Reiley reported earlier this month in The Washington Post that, “affected animals have now been reported in every province in China, and … Read More

Moisture Could Help 2019 Hay Production

With mostly excellent moisture conditions across the continental US, hay production this year could be very good, resupplying stocks used in last winter’s harsh weather. Derrell Peel, Oklahoma State University Extension livestock marketing specialist, said in a letter to Extension Agents that the latest Crop Production report from the USDA’s National Agricultural Statistics Service said … Read More

Funds Cut Long Cattle Exposure Again

For the third straight week, large commodity investment funds, known as managed money, kept pressure on live cattle futures by liquidating part of their large net long position. The Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday showed that, as of Tuesday, managed money had a collective net long position of 87,039 contracts, … Read More

USDA Estimates 2020 Meat Production Gain

The US World Agriculture Board estimated total US red meat and poultry production for 2020 to be above this year, while only small changes were made to 2019 production estimates. In its World Agriculture Supply and Demand Estimates report, the World Agriculture board made small reductions to beef and pork production estimates, largely because of … Read More

Economists: Global Economies Slowing

An economic advisory group sees the global economy slowing further this year but also said a recession was unlikely. QMA’s Global Multi-Asset Solutions Group said in a release through Savvy Investor, that the outlook hinges on lingering trade uncertainty, a continued slowdown in China and the lag effect of tighter financial conditions in 2018.   … Read More