The number of cattle populating Canadian feed yards on Dec. 1 was up from a month earlier, a year earlier and the 2015-2019 average, according to data from CanFax, a private market information group. CanFax surveys its members in Alberta and Saskatchewan and shares the total on feed and monthly feedlot placement numbers with the … Read More
Funds Take On More Long Cattle Positions
Large commodity index funds, called managed money, increased their collective net long live cattle futures position in the week ended Tuesday to its largest point in three months as hedgers took their net short position out as far. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. FUNDS … Read More
US/Canada Beef Cattle Trade Calmed By Cargill Settlement
Given the level of beef and cattle trade between Canada and the US, producers in both countries should be relieved by the labor settlement at Cargill’s High River plant in Alberta, said Brenda Boetel, agricultural economist at the University of Wisconsin-River Falls, in a Livestock Marketing Information Center letter to Extension agents called In The … Read More
ERS Makes Minor Adjustment To Beef Production Estimate
November cattle slaughter was higher year over year, attributable to having one additional slaughter day and a faster weekly average pace of fed cattle slaughter the USDA’s Economic Research Service said Wednesday in the monthly Livestock, Dairy, and Poultry Outlook. Likewise, the pace of non-fed, weekday cattle slaughter was higher but lower on Saturdays, the … Read More
October Kansas Feedlot Closeouts Down
Sales of slaughter-ready cattle from Kansas feedlots declined in October from September, following last year’s movement and totaling slightly more than the 2015-2019 average, according to data collected by the Kansas State University Extension Service and compiled by the Livestock Marketing Information Center in Denver. The LMIC calculates the data into a form that represents … Read More
October Beef Export Sales Strong; Pork Not So Much
October was another strong month for US red meat exports as beef export value continued to soar, according to data released by USDA and compiled by the US Meat Export Federation. October pork exports were less than last year’s large total, but year-to-date shipments remained slightly above the record pace of 2020. “USMEF has always … Read More
Funds Extend Long Cattle Position
Large commodity investment firms, known as managed money, extended their collective net long live cattle position in the week ended Tuesday for the fifth straight week, according to Friday’s weekly Commitments of Traders report from the Commodity Futures Trading Commission. At the same time, commercial traders, those who own the cattle and theoretically could make … Read More