For the third straight week, large commodity index funds, or managed money, reduced their collective net long live cattle futures position, while hedgers, trimmed their total net short position. The data came from the weekly Commitments of Traders report Friday. The report is published each Friday for the positions of trader categories as of the … Read More
Cow Kill Boost Adding To Low-Grading Beef Supply
The increase in cow slaughter this year has contributed to the increase in non-choice beef production, widening the choice/select production gap and affecting prices, said Brenda Boetel, agricultural economist at the University of Wisconsin-River Falls, in a letter to Extension agents called In The Cattle Markets, published by the Livestock Marketing Information Center in Denver. … Read More
WASDE Raises 2022, 2023 Red Meat, Poultry Production Forecasts
The USDA forecast for 2022 red meat and poultry production in the October World Agriculture Supply and Demand Estimates report Wednesday was raised from last month, as higher beef, pork and broiler forecasts were offset partly by lower turkey production. For 2023, the red meat and poultry production forecast was raised on higher beef and … Read More
August Kansas Feedlot Closeouts Near 2021, Average
August Kansas feedlot closeouts, or sales to beef packers, were nearly the same as August 2021 and the previous five-year average, according to a survey of key feedlots by the Kansas State University Extension service. The K-State Extension service surveys representative feedlots around the state, collecting closeout data from each one. The information then is … Read More
August US Beef, Pork Exports Up; Beef Remains Strong
August beef exports were slightly more than last August’s large volume and again topped $1 billion in value, reaching this milestone in seven out of eight months this year, according to data released by USDA and compiled by the US Meat Export Federation. August exports of US pork topped year-ago totals for the first time … Read More
Managed Money Slashes Long Cattle Position
Managed money, a proxy for large commodity investment firms, slashed their collective net long live cattle position in the week ended Tuesday as hedgers cut their total net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. MANAGED MONEY SELLS CATTLE Managed money Tuesday had … Read More
Consumer Choice Beef Demand Holdingac
It’s surprising with inflation so strong, but consumer demand for choice beef does not seem to be waning. Weekly choice boxed beef prices reported by the USDA are off a little, but the difference in the wholesale prices of choice and select beef remain firm and strong. This indicates wholesale prices for choice and select … Read More