Total red meat supplies in freezers on Jan. 31 were up about 6% from the previous month but were down about 3% from last year, according to the USDA’s monthly Cold Storage report Tuesday. The report also said total frozen poultry supplies were up about 11% from the previous month but down about 10% from … Read More
Managed Money Grows Long Live Cattle Position
Large commodity investment firms, called managed money in the trade, increased their collective net long live cattle futures position during the week ended Tuesday as hedgers boosted their total net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. MANAGED MONEY BUYS CATTLE As of … Read More
Drought Could Hit More Than 53% Of Beef Cow Herd
Drought this year could affect more than 53% of the total beef cow herd, or roughly 16 million cows, said Oklahoma State University Extension Livestock Market Specialist, Derrell Peel, in a letter to Extension agents called Cow-Calf Corner. Significant drought could have more noticeable effects on cow markets, change the timing of feeder cattle placements … Read More
Projecting Cattle On Feed Tricky: Economist
Projecting the number of cattle on feed before the USDA’s monthly report is a tricky thing to do, said Matthew Diersen, SDSU risk and business management specialist in a weekly LMIC newsletter to Extension Agents called In The Cattle Markets. Projecting marketings starts by monitoring estimated and actual slaughter volumes coming in throughout a given … Read More
Ukraine Matters To Grain Markets
As swords rattle on Ukraine’s border with Russia, it seems like a good time to examine a little of why Russia might invade and what it might mean to global grain markets. New York Times writers Dan Bilefsky and Richard Perez-Pena Tuesday delivered a good account of why Russia seems intent to invade Ukraine. The … Read More
2021 Farmland Values Rise Rapidly
Farmland values continued to increase at a rapid pace through the end of 2021, said two economists at the Federal Reserve Bank of Kansas City in a release. Economists Francisco Scott and Ty Kreitman said, alongside sustained strength in farm income and credit conditions, the value of all types of farmland in the Tenth District … Read More
Managed Money Boosts Net Long Cattle Position
Large commodity index funds, known as managed money, increased their collective net long live cattle futures position in the week ended Tuesday as hedgers boosted their total net short position. That was according to data from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. FUNDS GO LONG CATTLE Managed money … Read More