Block trading, a new type of activity allowed by the Commodity Futures Trading Commission, reduces transparency in agricultural futures markets, said a group of grain industry representatives at a CFTC Agricultural Advisory Committee meeting in Overland Park, Kan., last week. According to “Investopedia,” a block trade “is an order or trade submitted for the sale … Read More
Author: Lester Aldrich
Funds Liquidate More Long Cattle Positions
Large commodity investment funds, known collectively as managed money, continued to liquidate their net long live cattle futures position during the week ended Tuesday, according to the Commodity Futures Trading Commission. The CFTC said in its weekly Commitments of Traders report Friday that managed money’s new live cattle position was long by 34,940 contracts, down … Read More
Kansas February Fats Spent More Time Getting There
Kansas fed cattle that were sold to packers for slaughter, or marketed, in February spent more time on feed than either their 2017 counterparts or those sold in the 2012-2016 timeframe. The data comes from a monthly Kansas State University survey of select, representative, feedlots. Data from these facilities is compiled and extrapolated by the … Read More
China Tariffs Add Beef To The Mix
“And the beat goes on.” The lyrics and title of the Sonny and Cher song seem to apply in the case of tit-for-tat tariffs between the US and China as China announced its intention to implement 25% tariffs on even more imports early Wednesday. And this time, the list includes US beef. The list also … Read More
Tight Labor, Weak Ag Limit Nebraska Growth Potential
Low unemployment in Nebraska is a sign of a strong economy, but tightening labor markets and a weak agricultural base may be limiting future growth potential, said a study by the Federal Reserve Bank of Kansas City. Nathan Kauffman, assistant vice president and Omaha Branch executive, along with John McCoy, research associate, authored the report, … Read More
Pork Production Outlook Shifts To Losses
The 2018 pork production outlook early this year calling for modest profitability has shifted to losses, said Agricultural Economist Chris Hurt in a weekly outlook from Purdue University. Higher costs and lost exports as China implements a 25% tariff on US pork Monday were cited as reasons. HIGHER PRODUCTION COSTS Rising feed costs … Read More
Funds Continue Liquidating Long Cattle Positions
Large commodity investment funds, called managed money, continued moving their collective net long live cattle futures position toward zero in the week ended Tuesday as producers continued covering short positions. The Commodity Futures Trading Commission made the data available in its weekly Commitments of Traders report Friday. In the report, the CFTC said managed money’s … Read More