Slaughter cow prices are declining as total US cow slaughter continues to advance unseasonably, USDA data show. The USDA’s National Agricultural Statistics Service reports that federally inspected cow slaughter last week totaled 139,554 head, up 4,470, or 3.31%, from 135,084 a week earlier and up 15,454, or 12.5%, from 124,100 a year earlier. It also … Read More
Red Meat Stores Rise; Poultry Mixed
Total red meat supplies on March 31 in US freezers were up about 1% from the previous month and up about 9% from last year, the USDA said in its monthly Cold Storage report Friday. Total pounds of beef in freezers were up about 1% from the previous month and up about 11% from last … Read More
Managed Money Expands Long Cattle Position
Tuesday, large commodity index funds, known as managed money, had expanded their collective net long live cattle position from a week earlier as hedgers enlarged their total net short position. The Commodity Futures Trading Commission released the data Friday in its weekly Commitments of Traders report for activity as of the previous Tuesday. MANAGED … Read More
Beige Book: US Economy Expanding At Moderate Pace
US economic activity expanded at a moderate pace since mid-February, said the Federal Reserve in its monthly Beige Book, a report on economic activity by district. Several Districts reported moderate employment gains despite hiring and retention challenges, the Beige Book said. Consumer spending accelerated among retail and non-financial service firms, as COVID-19 cases tapered across … Read More
US, Japan Beef Tariff Agreement Could Help Sales
On March 24, the US and Japan reached an agreement to increase the three-trigger safeguard mechanism required for Japan to implement a higher tariff on US beef, said Brenda Boetel, agricultural economist at the University of Wisconsin-River Falls, in a letter to Extension agents called In The Cattle Markets. The Livestock Marketing Information Center publication … Read More
Canada On-Feed Numbers Hold At Higher Levels
Canada’s cattle-on-feed numbers continued to hold at higher levels than last year or the 2016-2020 average, according to CanFax data compiled and released by the Livestock Marketing Information Center in Denver. CanFax, a private market advisory firm, surveys its members in Alberta and Saskatchewan monthly, and the data is compiled by the LMIC. Only the … Read More
2022 Global Beef Production Called Record High
In its latest report called Livestock and Poultry: World Markets and Trade, the USDA said global beef production was projected to expand to record levels in 2022 with increased production in Brazil, China, India, Australia and Mexico offsetting decreased production in the US, Canada, the EU and Argentina. Derrell Peel, Oklahoma State University Extension Livestock … Read More