The latest USDA forecast for 2024 red meat and poultry production was increased as views of higher poultry and beef production were offset partially by a lower pork production estimate.   2024 BEEF PRODUCTION SEEN HIGHER   The 2024 beef production estimate was raised 10 million pounds, or 0.04%, to 27.035 billion pounds from 27.025 … Read More

Exports of US beef and pork posted year-over-year increases in October, according to data released by the USDA and compiled by the US Meat Export Federation, with pork exports well-positioned to set annual volume and value records for 2024.   BEEF EXPORTS UP   October beef exports totaled 105,269 tonnes, up 823,000, or 0.79%, from … Read More

Large commodity index funds, known as managed money, extended their collective net long live cattle futures position in the week ended Tuesday for the eleventh straight week, according to data from the Commodity Futures Trading Commission Friday. At the same time, hedgers, often referred to as commercial traders since they deal more in the cash … Read More

October steer closeouts, or sales, to beef packers from Kansas feedlots fell seasonally and could be the lowest of the season, according to data from the Kansas State University Extension Service. The KSU Extension Service collects feed yard performance data monthly from a select group of feedlots around the state, and the Livestock Marketing Information … Read More

The Federal Reserve Bank’s Beige Book, a summary of US economic activity that is published eight times a year, Thursday said economic activity rose slightly in most Federal Reserve districts since the last report on Oct. 23. Three regions exhibited modest or moderate growth that offset flat or slightly declining activity in two others, the … Read More

Farmer sentiment jumped again in November, with the Purdue University/CME Group Ag Economy Barometer climbing 30 points to a reading of 145, marking the highest level since May 2021, said Purdue Agricultural Economist James Mintert, in a release. Both of the barometer’s sub-indices increased in November. The Future Expectations Index saw the largest jump, rising … Read More

Now that the USDA’s Animal and Plant Health Inspection Service has suspended temporarily imports of Mexican cattle into the US, there are many questions about the implications the closure might have on US cattle markets. Derrell Peel, Oklahoma State University Extension livestock marketing specialist, wrote a study of those implications in a letter called Cow-Calf … Read More