Total red meat supplies in US freezers on Aug. 31 were up about 4% from the previous month but down about 6% from last year, according to the monthly Cold Storage report from the USDA’s National Agricultural Statistics Service Wednesday. Total frozen poultry supplies were down about 3% from the previous month and down about … Read More

New details for a potential $3.5 trillion spending and tax package were released by the House Ways & Means Committee on Monday Sep. 13, including a proposal for funding new policies advanced by Democrats. According to Krista Swanson, Gary Schnitkey and Nick Paulson of the University of Illinois Department of Agricultural and Consumer Economics, in … Read More

Canada’s population of cattle on feed as of Sep. 1 declined from Aug. 1 but not as much as normal, according to data from CanFax, a private market advisory group. CanFax collects the data from its members in Alberta and Saskatchewan and allows the Livestock Marketing Information Center in Denver to publish the total on … Read More

Large commodity investment firms, known as managed money, cut their collective net long live cattle futures position for the third straight week during the week ended Tuesday, according to data from the Commodity Futures Trading Commission. The data was contained in the CFTC’s weekly Commitments of Traders report Friday, which also said hedgers cut their … Read More

It’s not readily apparent in the day-to-day beef and cattle markets, but beef by-product values have increased dramatically in the past few months. Derrell Peel, Oklahoma State University Extension livestock marketing specialist, said in a newsletter to Extension agents called Cow-Calf Corner that hide and offal values, which have generally declined in recent years, bottomed … Read More

The USDA’s Foreign Agricultural Service forecasted China’s 2022 hog production to decline by 5% as low prices and disease this year led to significant slaughter and delayed restocking. The predictions came in an FAS Global Agricultural Information Network report from the Beijing office. Pork production next year could decline by 14% as fewer hogs come … Read More

The Consumer Price Index for All Urban Consumers increased 0.3% in August on a seasonally adjusted basis after rising 0.5% in July, the US Bureau of Labor Statistics reported Tuesday. Over the last 12 months, the all items index increased 5.3% before seasonal adjustment.  The indices for gasoline, household furnishings and operations, food and shelter … Read More