The USDA raised its estimates of US red meat and poultry production for 2023 from last month because of higher beef, pork and broiler production in the fourth quarter, the agency reported in its monthly World Agriculture Supply and Demand Estimates report Friday.   BEEF PRODUCTION SEEN HIGHER   For 2023, the beef production forecast … Read More

The United Kingdom provides growth opportunities for US consumer-oriented products including specialty foods, wine, sauces, fruits and nuts, said a report from the USDA’s Foreign Agricultural Service. The key problem for the US is that UK consumers are willing to try foods from other countries, but they expect quality products at a competitive price, while … Read More

Fueled by record performances in Mexico, Central America and Colombia, November US pork exports reached the highest value since mid-2021, according to data released by USDA and compiled by the US Meat Export Federation. US beef exports slowed in November, recording the third lowest value of 2023, the USMEF said.   PORK EXPORTS SOAR   … Read More

An anticipated shortfall of slaughter-ready cattle may have begun late last year, if Kansas feedlot closeouts are the “canary in the mine” for such an event. Data from Kansas feedlots collected by the Kansas State University Extension service and compiled and published by the Livestock Marketing Information Center in Denver show November feedlot closeouts, or … Read More

Beef carcass cutout values ended 2023 with a whimper, remaining fairly flat through December although holding at a higher level than 2022 or the 2017-2021 average, according to USDA data compiled and published by the Livestock Marketing Information Center. And since the cutout almost always begins at a lower level in the first weeks of … Read More

Large commodity index funds, called managed money, reversed trend in the week ended Tuesday, advancing their collective net long live cattle futures position, while hedgers reduced their total net short position. The Commodity Futures Trading Commission reported the data Friday in its weekly Commitments of Traders report.   FUNDS BUY CATTLE   Managed money Tuesday … Read More

The latest report from the Purdue University/CME Group Ag Economy Barometer indicated US farmers’ inflation expectations have subsided while overall producer sentiment changed little, said Purdue Agricultural Economist James Mintert in a release. This month’s Ag Economy Barometer survey was conducted from Dec. 4 through 8. The December barometer recorded a reading of 114, just … Read More