US beef exports in November continued to set a record pace, while pork exports trended lower than 2017, said the US Meat Export Federation while commenting on data from the USDA’s Economic Research Service and the Foreign Agriculture Service. Monthly meat export data was delayed by the partial government shutdown.  Year-end 2018 data was expected … Read More

Large commodity investment firms, called managed money, advanced their collective net long live cattle futures position to 94,396 contracts during the week ended Tuesday, Jan. 8, from 92,945 the previous week. The data came from the Commodity Futures Trading Commission’s Commitments of Traders report, delayed by the partial government shutdown and released on Friday. The … Read More

The USDA’s World Outlook Board Friday lowered its estimate of total red meat and poultry production for 2018 to 102.377 billion pounds from its December estimate of 102.580 billion as beef and broiler production more than offset slightly higher pork production. The estimates were made in the latest World Agriculture Supply and Demand Estimates report.  … Read More

Current feedlot breakevens and fed cattle price projections suggest 2018’s losses will continue into 2019, said Purdue University Agricultural Economist Michael Langemeier in the Illinois Extension Service’s farmdocdaily. Given the recent stability in feeding cost of gain, net return projections for the next few months primarily are driven by the feeder-to-fed price ratio, Langemeier said. … Read More

The Federal Open Market Committee left its target range for the Federal Funds interest rate unchanged at 2.25% to 2.50%, easing equity and commodity market fears of further monetary tightening, and indicated fewer increases in the target range for 2019 than last year. Last fall, Federal Reserve Chairman Jerome Powell made noises that the Federal … Read More

Large commodity investment funds, called managed money by the trade, increased their collective net long live cattle futures position during the week ended Monday, Dec. 31, the Commodity Futures Trading Commission said in its Commitments of Traders report Tuesday. The CFTC said the report was halted by the partial government shutdown and said it planned … Read More

Large commodity investment funds, called managed money by the trade, increased their collective net long live cattle futures position during the week ended Monday, Dec. 24, the Commodity Futures Trading Commission said in its Commitments of Traders report Friday. The CFTC said prior to Friday’s report, the last Commitments of Traders report was done Friday, … Read More