Cow/calf production represents a long-term investment in land and cattle, necessitating long-term management practices that add value to the calves being sold, said Mark Johnson, Oklahoma State University Extension Beef and Cattle Breeding Specialist, in a letter to Extension agents called Cow/Calf Corner. Accordingly, there is considerable economic value in correctly managing the genetics, calving … Read More
US Beef, Cattle Could Use More Beef Exports
It’s clear that US beef and cattle producers could use more product exports since year-to-date beef production is up more than exports. To be clear, beef exports are up, but they lag the increase in beef production, and the excess may be part of why cattle prices aren’t being supported better. BEEF PRODUCTION UP … Read More
Funds Again Boost Net Long Cattle Position
Large commodity investment funds, or managed money, again increased their collective net long live cattle futures position in the week ended Tuesday as hedgers boosted their net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. FUNDS INCREASE LONG CATTLE POSITIONS As of Tuesday, managed … Read More
Hog Inventories Lower: Near Expectations
The US inventory of all hogs and pigs on June 1 was 75.7 million head, about in line with trade expectations. A market analyst said after the Quarterly Hogs and Pigs report Thursday that while the report may not cause near-term convulsions in the market, the presence of fewer hogs in the country should be … Read More
Global Beef Trade Growing
Global beef trade continues to grow, with total beef imports by major world importers expected to increase in 2021 along with increases in total beef exports by major world exporters, said Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel, in a letter to Extension agents called Cow-Calf Corner. U.S. beef exports and imports take … Read More
Frozen Red Meat Stocks Down
Total red meat supplies in US freezers on May 31 were down about 4% from the previous month and down about 3% from last year, according to the USDA’s National Agricultural Statistics Service’s monthly Cold Storage report Tuesday. Total frozen poultry supplies were up about 3% from April 30 but down about 12% from a … Read More
Funds Boost Long Cattle Positions
Large commodity investment firms, called managed money, boosted their collective net long live cattle futures position during the week ended last Tuesday, June 15. At the same time, hedgers increased their collective net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Monday. The report was delayed from … Read More