Wednesday, we reported part of a speech given by Kansas City Federal Reserve President and CEO Jeff Schmid to the Rotary Club of Oklahoma City discussing monetary policy and the economic outlook. Schmid talked about economic tailwinds and headwinds that are affecting consumer spending, many of which have implications for the continued strong beef demand … Read More

Kansas City Fed President and CEO Jeff Schmid delivered remarks to the Rotary Club of Oklahoma City Tuesday, discussing monetary policy and the economic outlook.  Schmid addressed consumer spending, productivity, Artificial Intelligence, labor and demographic trends, energy prices, and inflation. He talked about economic tailwinds and headwinds that are affecting consumer spending, many of which … Read More

The US inventory of all hogs and pigs on March 1 was 74.3 million head, up slightly from March 1, 2025, but down about 1% from Dec. 1, 2025, the USDA said in its Quarterly Hogs and Pigs report. The report was interpreted bullishly by traders, rebuffing two days of price pressure and sending lean … Read More

Large commodity investment funds, known as managed money, increased their collective net long live cattle futures position in the week ended Tuesday as cash cattle traders advanced their total net short position. That conclusion came from the weekly Commitments of Traders report Friday from the Commodity Futures Trading Commission.   FUNDS TURN, BUY CATTLE   … Read More

Earnings performance at agricultural banks improved in 2025 alongside strong growth in farm loans, according to a survey of agricultural banks by the Kansas City Federal Reserve Bank. Agricultural Banks are defined as banks with total agricultural loans comprising at least 25% of total loans, the Federal Reserve Bank said. The survey data was compiled … Read More

Wholesale beef prices have moved higher so far this year, reflecting strong beef demand and typical seasonal patterns, said Derrell Peel, Oklahoma State University Livestock Marketing Specialist, in a letter called Cow-Calf Corner. Choice boxed beef prices averaged $386.41 per cwt the first week of March, up 9.1% from the beginning of the year, and … Read More

Total red meat supplies in freezers on Feb. 28 were down about 2% from the previous month and down about 5% from last year, according to the USDA’s monthly Cold Storage report Tuesday. The report also said total frozen poultry supplies were up about 4% from the previous month but down about 5% from a … Read More