Weekly US federally inspected beef and pork production have rebounded from their COVID-induced weekly lows and remain above last year and their respective 2014-2018 averages, but it may not be making up the difference just yet. It’s hard to tell what beef and pork production might have been at this point in the year without … Read More

The semi-annual USDA Cattle (Inventory) report Friday raised some eyebrows and produced many conversations within the cattle industry about the number of feeder cattle outside of feedlots. There doesn’t seem to be a good answer at this point, but many think the USDA got it wrong. The July Cattle report often is considered to be … Read More

Given current conditions in cattle futures markets and feed production, cattle producers have some options to lock in margin, said Elliot Dennis, assistant professor and extension economist for the University of Nebraska-Lincoln, in a letter to Extension agents through the Livestock Marketing Information Center’s weekly In The Cattle Markets. Feeder cattle futures price spreads across … Read More

Total red meat supplies in freezers on June 30 were up 1% from the previous month but down 12% from last year, according to the monthly Cold Storage report from the USDA’s National Agricultural Statistics Service Wednesday. Total frozen poultry supplies were up 4% from the previous month but down 3% from a year ago. … Read More

As the number of cattle on feed in the US remains near last year, the number populating Canadian feedlots remains above near-earlier totals. Data from CanFax, a Canadian market advisory firm, showed that cattle on feed in Alberta and Saskatchewan, totaled 943,959 head on July 1, down 79,041, or 7.73%, from 1.023 million a month … Read More

Agricultural lending at commercial banks appeared to soften further in the second quarter amid the ongoing pandemic, the Federal Reserve Bank of Kansas City said in a release. Financing secured through recent government lending programs likely supported the borrowing demands for some producers, the bank said.   A weak outlook for the agricultural sector amid low … Read More

Managed money, a moniker for large commodity investment firms, cut their collective net long live cattle futures positions during the week ended Tuesday, even though hedgers extended their net short positions. The Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday showed that managed money’s new net long live cattle position was 19,968 contracts, … Read More