Average fed cattle prices this year were expected to decline, even though the 2017 beef production estimate was lowered from a month ago, in the face of higher pork and poultry production. That prediction was made in the latest World Agricultural Supply and Demand Estimates report issued by the USDA’s World Outlook Board Thursday.  The … Read More

Stagnant 2016 restaurant traffic worries some food industry analysts, even though individual spending was up. As goes the US quick service restaurant segment, so goes the total foodservice industry, said NPD Group in a release Wednesday.  NPD Group is a leading consumer trends research firm based in Chicago. QSRs, which represent 80% of total commercial … Read More

There is little reason to think fed cattle prices will climb in coming months, but there isn’t much information available to think prices will begin a long slide at this time either. Unless they began that slide last week when cash cattle prices dropped about $3 per cwt. University of Tennessee Livestock Economist Andrew Griffith … Read More

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Managed money, or large commodity funds, continued to advance their net long live cattle position during the week ended Tuesday, while commercial traders extended their net short position. The Commodity Futures Trading Commission said in its weekly Commitments of Traders report Friday that managed money had a net long live cattle position of 105,008 contracts, … Read More

Central banks around the world are facing a dilemma.  Do they continue with the previously untried and unproven methods of dealing with their economies, or do they return to a more “normal” way of doing business? A white paper by Credit Suisse said after the Great Recession hit in 2008, central banks began searching for … Read More

A negative carry in live cattle futures shows a lack of confidence in the market’s strength going forward. Normally, a futures market will have a positive carry, meaning successive months trade at somewhat higher prices to cover just enough of the actual carrying cost of a commodity to keep it from coming to market all … Read More