Total red meat supplies in US freezers on Sep. 30 were up 1% from a month earlier but down 1% from last year, according to the USDA-National Agricultural Statistics Service’s monthly Cold Storage report Monday. Of that, total beef supplies on ice were up 1% from the previous month and up 3% from last year, … Read More
Author: Lester Aldrich
Funds Whittle More Of Their Long Cattle Position
Managed money, those large commodity investment funds, whittled a little more off their collective net long live cattle futures position during the week ended Tuesday, as hedgers held to a near-flat net short position. In its weekly Commitments of Traders report Friday, the Commodity Futures Trading Commission said managed money’s new net long cattle position … Read More
South Korea One Of The Most Reliable US Ag Markets: FAS
The USDA Foreign Agricultural Service rates South Korea as one of the most reliable export market for US agricultural goods with its easy access to modern retail outlets and a large urban population seeking convenient and healthy foods. In a report Thursday, the FAS said increasing wealth, a growing number of women in the workforce … Read More
Feedlot Placement Weights Show Seasonal Patterns
The last two Cattle on Feed reports by the USDA’s National Agricultural Statistics Service have shown rather large placements of animals on feed relative to a year earlier, according to the Livestock Marketing Information Center’s newsletter to Extension staff called Livestock Monitor. In July and August, the number placed on feed was the largest in … Read More
Kansas Feedlots Continue Selling Fewer Cattle
Kansas feedlots in August continued July’s month-over-month trend toward selling fewer cattle to packer buyers, bringing the number back in line with last year’s August pace. Data is drawn from selected feedlots each month by the Kansas State University Extension Service and then compiled and extrapolated by the Livestock Marketing Information Center in Denver, CO. … Read More
Beef Trade Continues Impressive Performance; Economist
US beef trade continued its impressive performance of recent months in the latest monthly trade data for August, said Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel in a letter to Extension agents called Cow/Calf Corner. Total monthly US beef exports were up 9.0% with a year to date total up 14.2% year over … Read More
Funds Back Away From Cattle
Large commodity investment funds, called managed money, backed off from their recent trend toward getting longer live cattle futures during the week ended Tuesday and trimmed their collective net long position. The Commodity Futures Trading Commission said in its weekly Commitments of Traders report Friday that as of Tuesday, managed money’s new net long cattle … Read More