Frozen Red Meat Stocks Mixed; Poultry Down

Total red meat supplies in freezers on Oct. 31 were up about 1% from September but down about 3% from last year, said the USDA’s monthly Cold Storage report Monday. Total pounds of beef in freezers were up about 9% from September but down about 5% from last year. Frozen pork supplies were down about … Read More

Managed Money Gets Longer Live Cattle Futures

For the second straight week, managed money, a proxy for large commodity investment firms, took on a larger collective net long position in live cattle futures, data from the Commodity Futures Trading Commission showed. The data was published in the weekly CFTC Commitments of Traders report Friday with data as of Tuesday, which also showed … Read More

Futures Give Some Calf Retention Incentive

The CME futures market appears to be providing some incentives for producers to deliver cattle at later dates, said Elliott Dennis, livestock extension economist, at the University of Nebraska, in a Livestock Marketing Information Center release. As of Oct. 25, there was about $2-3 per cwt of increase between contracts with Jan trading at $158.90 … Read More

Oklahoma Fall Feeder Run Going Strong With Higher Prices

The fall feeder run is in full swing with calf prices moving counter-seasonally higher, said Oklahoma State University Extension Livestock Marketing Specialist, Derrell Peel, in a letter to Extension agents called Cow-Calf Corner. It is typical for the middle two weeks of November to have the largest weekly feeder cattle auction totals for the year, … Read More

Canada Cattle On Feed At 2021 Peak

The number of cattle on feed in Alberta and Saskatchewan on Nov. 1 was at its highest point this year and turned upward seasonally, according to statistics gathered by CanFax and then compiled by the Livestock Marketing Information Center in Denver. CanFax, a division of the Canadian Cattlemen’s Association in Calgary, Alberta, gathers the information … Read More

Managed Money Boosts Long Cattle Position

Managed money, a proxy for large commodity investment firms, upped their collective net long position in live cattle futures during the week ended last Tuesday as hedgers increased their total net short position. The data came from the weekly Commitments of Traders report from the Commodity Futures Trading Commission.  The report was delayed from its … Read More

Choice/Select Spread Still Wider Than Average

With the narrowing of the average weekly spread between choice and select beef wholesale carcass values in October, it would be tempting to think the spread is unusually narrow, but such is not the case. The weekly average spread between choice and select beef carcass cutout values has narrowed since its latest peak the first … Read More