The new USDA forecast for 2022 red meat and poultry production was raised from last month as higher beef and broiler forecasts for the fourth quarter were offset partly by lower pork and turkey forecasts, the agency said in its November World Agricultural Supply and Demand Estimates report Wednesday. 2022 BEEF PRODUCTION UP; 2023 … Read More
Feeder Cattle Markets Could Finish Strong: Peel
Unless unexpected external market pressure develops, Oklahoma cattle prices are expected to finish the year strong, and the 2022 peaks possibly recorded before the end of the year, said Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel. Commenting in a letter to Extension agents called Cow-Calf Corner, Peel said, in the 14 weeks from … Read More
September Pork Exports Top Year-Ago Totals
US pork exports topped year-ago totals for the second straight month in September, according to data released by the USDA and compiled by the US Meat Export Federation, the USMEF said in a release. September beef exports were less than last year for the first time in 2022, but exports remained on a record pace … Read More
Managed Money Goes Longer Live Cattle Futures
Large commodity index funds, known as managed money, took on more live cattle futures positions during the week ended Tuesday while hedgers decreased their total short position, according to data from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. FUNDS GO LONG CATTLE As of Tuesday, managed money had a … Read More
September Kansas Feedlot Marketings Plummet
The number of fed cattle sold to beef packers from the “average” Kansas feedlot in September took an uncharacteristically large tumble, dropping to the lowest monthly total of the year so far, according to data collected by the Kansas State University Extension service. The data is collected each month from select feedlots around the state, … Read More
Have Feedlot Inventories Turned A Corner?
The 12-month moving average of feedlot inventories decreased this month for the first time since October 2021, suggesting temporary influences like drought may have run their course, which will lead to decreasing feedlot totals and reduced marketings going forward, said Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, in a letter to Extension agents … Read More
Female Beef Slaughter Unprecedented: LMIC
Weekly female beef cow slaughter approached 750,000 head more than a year ago last week, said the Livestock Marketing Information Center in a letter to Extension agents called Livestock Monitor. HEIFER KILL UP Total heifer slaughter through the week ended Oct. 1 was 364,000 head more than last year, while beef cow slaughter … Read More