Drop Value And Importance To Fat Cattle Prices

2-26-21 – In 2020, the US exported $7.6 billion in beef and variety meat products (down 6% from 2019); variety meat exports accounted for 11.8% of this, down from 12.4% in 2019, said Brenda Boetel, agricultural economist at the University of Wisconsin-River Falls, in a Livestock Marketing Information Center letter to Extension agents called In … Read More

Beef Profit Tracker: Feeding Margins Still Positive

Estimated margins for fed cattle sold by unhedged cattle feeders last week were down slightly from the previous week but still were positive, according to Sterling Marketing Inc’s Beef Profit Tracker, published by the Farm Journal’s AgWeb. Estimated packer margins remained very high.   FEEDING MARGINS POSITIVE   The calculated feeding margin for cattle sold … Read More

Frozen Red Meat, Poultry Supplies Mixed

Total red meat supplies in US freezers on Jan. 31 were up about 3% from a month earlier but down about 12% from last year, the USDA’s National Agricultural Statistics Service said in its monthly Cold Storage report Tuesday. Beef stocks were down about 3% from the previous month but up about 6% from last … Read More

Quarterly Beef Production Seen Lower In 2020

US quarterly beef production was estimated by the Livestock Marketing Information Center to be down from the same 2020 quarters in all but the second quarter. Further, the LMIC projected quarterly US beef production next year to be down from the same quarter this year. The LMIC said it used data from the USDA’s National … Read More

Funds Extend Net Long Cattle Position

Large commodity investment firms, called managed money, extended to five weeks the advancement of their net long live cattle futures position in the week ended Tuesday. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. The same report showed that hedgers pushed their collective net short position out to … Read More

Canada Feedlot Population Up Slightly From January

The number of cattle populating Canada’s feedlots in Alberta and Saskatchewan on Feb. 1 totaled 1.010 million head, a slight increase from a month earlier and ran counter to the seasonal trend. The data came from the private market advisory firm Can-Fax and was compiled and published by Denver’s Livestock Marketing Information Center.  However, only … Read More

Cattle Producers Struggle With Winter’s Blast: Peel

Cattle producers have felt the brunt of the protracted winter blast that has taken wind chills to minus 25 to 30 degrees Fahrenheit, said Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, in a letter to Extension agents called Cow/Calf Corner. The winter blast pushed to the southern plains before spreading eastward, ultimately affecting … Read More