November’s average retail fresh beef price was less than a year ago, while prices for pork and chicken remained higher than last year. Although that does not mean consumers are flocking to the meat case to buy fresh beef over pork and chicken, it could answer some questions about why beef sales have held up … Read More
October Kansas Feedlot Sales Drop Sharply
The number of slaughter-ready cattle sold to beef packers from Kansas feedlots in October continued to drop sharply and were well below last year and the previous five-year average, even setting the 2022 monthly low. The data came from a monthly survey of selected Kansas feedlots by the Kansas State University Extension Service and turned … Read More
USDA Raises 2022 Red Meat, Poultry Production Estimates
The USDA’s monthly forecast for 2022 red meat and poultry production was raised from last month as higher beef, broiler and turkey forecasts for the fourth quarter were partly offset by a lower pork production forecast. The new predictions came in the monthly World Agricultural Supply and Demand Estimates report Friday, which included production estimates … Read More
Managed Money Buys More Cattle
Large commodity investment funds, known as managed money, nudged their collective net long live cattle futures position higher in the week ended Tuesday as hedgers did the same to their total net short position. The Commodity Futures Trading Commission revealed the changes in its weekly Commitments of Traders report Friday. FUNDS BUY CATTLE … Read More
October US Pork, Beef Exports Up
October US pork exports were the largest in more than a year, while beef export volume also increased from a year ago, according to data released by USDA and compiled by the US Meat Export Federation. USMEF President and CEO Dan Halstrom said in a release that October’s pork results were bolstered by outstanding growth … Read More
Beef, Pork Cutouts Deflating Sooner Than Normal
As 2022 draws to a close, beef and pork cutout values are deflating a little sooner than normal, according to USDA Agricultural Marketing Service data compiled and graphed by the Livestock Marketing Information Center in Denver. Wholesale prices for both meats tend to soften seasonally since retail grocers and restaurant buyers have their year-end needs … Read More
Mid-Terms Did Not Change Farmer Attitudes Much
Unlike the two most recent presidential elections, the November mid-term election outcomes did little to swing farmer sentiment, Purdue University Agricultural Economist James Mintert said in a release. The Ag Economy Barometer is calculated each month from 400 US agricultural producers’ responses to a telephone survey, the release said. This month’s survey was conducted after … Read More