Canada’s cattle-on-feed numbers continued to run lower than last year but greater than the 2015-2019 average as of March 1, while placement numbers through February were more than last year and the previous five-year average. The data came from CanFax, a private market advisory group there. CanFax shares the full set of its data about … Read More
Funds Increase Net Long Cattle Position
Large commodity investment funds, known as managed money, increased their net long live cattle futures position in the week ended Tuesday, reversing a two-week decline, according to the weekly Commitments of Traders report from the Commodity Futures Trading Commission Friday. The same report said commercial traders, those who own, or will own, the cattle and … Read More
FAS: Argentine Beef Export Forecast Down
The current 2021 Argentine beef export forecast is 770,000 tonnes carcass weight equivalent, 50,000 fewer than in 2020, said the USDA’s Foreign Agricultural Service, in an attaché report. The lower exports stem from lower slaughter forecasts resulting from negative margins, the report said. Overall exports there depend heavily on China’s demand and market recovery from … Read More
Feeder Cattle Market Volumes Bounce Back
Feeder cattle markets have bounced back from the brutal February storm just in time for the termination of winter grazing of dual-purpose wheat, said Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel, in a newsletter to Extension agents called Cow/Calf Corner. FEEDER VOLUMES RISE LATE WINTER Feeder cattle auction volumes in Oklahoma … Read More
USDA Lowers Total Meat Production Estimate
The USDA lowered its 2021 forecast for total red meat and poultry production from last month as lower expected pork, broiler and turkey production more than offsets slightly higher beef production estimates. FIRST-HALF BEEF PRODUCTION FORECASTS UP 2021 beef production was estimated at 27.580 billion pounds, up 40.0 million, or 0.15%, from 27.540 … Read More
January Red Meat Exports Below 2020
US beef and pork exports opened 2021 below the large volumes posted a year ago, according to January data released by USDA and compiled by the US Meat Export Federation Monday. USMEF President and CEO Dan Halstrom said in a release that January represented a fairly solid start to 2021, but he cautioned that exports … Read More
Funds Cut Long Cattle Position For Second Week
For the second straight week, large commodity investment funds, known as managed money, cut their combined net long position in live cattle futures in the week ended Tuesday, according to the weekly Commitments of Traders report from the Commodity Futures Trading Commission Friday. Also, for the second straight week, commercial traders, those who theoretically could … Read More