Funds Sell Cattle Futures, Buy Corn

Large commodity investment funds, called managed money, cut their collective net long live cattle futures position in the week ended Tuesday, Sep. 1, according to data from the Commodity Futures Trading Commission Friday. The data came from the CFTC’s weekly Commitments of Traders report and said managed money’s new net long cattle position Sep. 1 … Read More

July Beef, Pork Exports Rise; Prospects Good

July US beef and pork exports rose in July but remain below year-ago levels, according to data released by the USDA and compiled by the US Meat Export Federation in Denver. “It is important to remember that the monthly export data is in the rear-view mirror and that weekly export sales data, along with observations … Read More

Protect Fall Grazing Potential: Economist

This year’s Southern Plains fall wheat grazing season is starting with profit potential, but care must be taken to avoid losing out, said Derrell Peel, Oklahoma State University agricultural economist in a letter to Extension agents called Cow/Calf Corner. Risk management should be considered carefully, Peel said.  Futures markets may offer an opportunity to lock … Read More

Beef Cow Inventory Sliding

It looks like US beef cow inventory is headed lower for the year, possibly fueled by drought in western states and higher average prices for cull cows. It’s a little hard to tell when looking at a graph of weekly federally inspected cow slaughter numbers from the USDA’s Agricultural Marketing Service and its National Agricultural … Read More

Farmer Sentiment Improves In August

Farmer sentiment improved markedly in August as the monthly Purdue University-CME Group Ag Economy Barometer rose 26 points to a reading of 144, from a month earlier, a university release said. The improvement was the result of rising perceptions regarding current conditions and especially, better expectations for the future, the university said. The Ag Economy … Read More

Bullish Cattle Markets Could Be Revived

For many live cattle futures investors, the market outlook has turned bearish, but it’s possible the rally can be revived. What started in June as a supply led rally morphed into a demand-led push into a mid-August double top on daily price charts that turned speculators bearish.  Part of this was seasonal, a market analyst … Read More

Funds Extend Long Live Cattle Futures Position

Large commodity investment funds, known as managed money, continued to buy live cattle futures in the week ended Tuesday, even though the most-active Oct contract moved lower. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. Managed money’s new collective net long live cattle position amounted to 60,546 contracts, … Read More