Consumer beef demand going forward will depend largely on the larger economy and the status of economic support in the wake of pandemic disruptions, said Oklahoma State University Agricultural Economist Derrell Peel in a letter to Extension agents called Cow/Calf Corner. The economy was wracked like never before in the first half of the year, … Read More

Farmer sentiment was virtually unchanged in July in comparison to a month earlier, according to the Purdue University/CME Group Ag Economy Barometer, said a university release. The index rose just one point from June to a reading of 118, still 30% lower than in February before the pandemic began affecting the agricultural economy, the survey … Read More

Acreage set-asides are being discussed as a farm price-support policy, yet reducing US production could lead to loss of world market share, said a group of agricultural economists from the University of Illinois and Ohio State University in a study published by Illinois farmdocdaily. World production of corn and soybeans increased significantly in the past … Read More

Large commodity investment funds, called managed money by traders, advanced their collective net long live cattle futures position during the week ended Tuesday as hedgers expanded their net short position. The information came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. Managed money’s new net long live cattle futures position Tuesday … Read More

Andrew Griffith, agricultural economist at the University of Tennessee, said in a letter to Extension agents that there was a good chance that boxed beef prices had hit their seasonal low. But that didn’t mean prices were likely to break out to the upside. “If they have hit their low then there is a good … Read More

Last week, the USDA’s Foreign Agricultural Service released its “2019 US Agricultural Export Yearbook” that provided a statistical summary of US agricultural commodity exports to the world and the US’ primary trading partners. With respect to China, the update indicated that, “In 2019, US agricultural exports to China totaled $13.8 billion, up from $9.1 billion … Read More

A 10-year study of hedged and unhedged fed cattle prices in Kansas showed that Kansas prices and the live cattle futures prices were related in the way they should be.  There is no obvious upward or downward bias in the hedged price versus unhedged, said Kansas State University Agricultural Economist Brian Coffey, on the department’s … Read More