Managed money, a proxy for large commodity investment funds, nudged their collective net long live cattle position higher in the week ended Tuesday, Dec 20. Data from the Commodity Futures Trading Commission’s weekly Commitments of Traders report also showed that cattle owners cut their total net short live cattle position.   FUNDS UP LONG POSITION … Read More

Total red meat supplies in US freezers on Nov. 30 were down about 4% from the previous month but up about 10% from last year, said the USDA’s National Agricultural Statistics Service, in its monthly Cold Storage report Thursday. Total frozen poultry supplies on Nov. 30 were down about 11% from the previous month but … Read More

In general, feeder cattle markets are finishing 2022 strong with momentum going into the new year, said Oklahoma State University Extension Livestock Marketing Specialist, Derrell Peel, in a letter to extension agents called Cow-Calf Corner. USDA’s Agricultural Marketing Service issued the final Oklahoma weekly auction summary for the year this past week with prices at … Read More

One of the features of feeding cattle in the Plains states is changing weather conditions, and the cold weather descending on the region this week emphasizes the importance of cold-weather care. The South Dakota State Extension service said such environmental conditions mean cattle are susceptible to cold stress for significant periods of the year.  Understanding … Read More

As the USDA’s weekly boxed beef cutout value continues at a more-or-less steady pace, and imaging the 2016-2020 average, the weekly wholesale boneless ribeye price is reaching 2022 highs and continuing to climb. That suggests the ribeye is supporting other, weaker cuts and going counter to its normal movement, which is sharply lower in mid- … Read More

During the week ended Tuesday, large commodity index funds, or managed money, increased their collective net long live cattle future position while hedgers boosted their total net short position, according to data from Friday’s weekly Commitments of Traders report from the Commodity Futures Trading Commission.   FUNDS BUY CATTLE   As of Tuesday, managed money, … Read More

Global beef production is forecast to decrease slightly in 2023 as production decreases in the US and European Union more than offset increasing beef production in Australia and modest increases in Mexico and India, said Derrell Peel, Oklahoma State University Extension livestock marketing specialist. Writing in a letter to Extension agents called Cow-Calf Corner, Peel … Read More