Total red meat supplies in US freezers on Jan. 31 were up about 3% from a month earlier but down about 12% from last year, the USDA’s National Agricultural Statistics Service said in its monthly Cold Storage report Tuesday. Beef stocks were down about 3% from the previous month but up about 6% from last … Read More

US quarterly beef production was estimated by the Livestock Marketing Information Center to be down from the same 2020 quarters in all but the second quarter. Further, the LMIC projected quarterly US beef production next year to be down from the same quarter this year. The LMIC said it used data from the USDA’s National … Read More

Large commodity investment firms, called managed money, extended to five weeks the advancement of their net long live cattle futures position in the week ended Tuesday. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. The same report showed that hedgers pushed their collective net short position out to … Read More

The number of cattle populating Canada’s feedlots in Alberta and Saskatchewan on Feb. 1 totaled 1.010 million head, a slight increase from a month earlier and ran counter to the seasonal trend. The data came from the private market advisory firm Can-Fax and was compiled and published by Denver’s Livestock Marketing Information Center.  However, only … Read More

Cattle producers have felt the brunt of the protracted winter blast that has taken wind chills to minus 25 to 30 degrees Fahrenheit, said Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, in a letter to Extension agents called Cow/Calf Corner. The winter blast pushed to the southern plains before spreading eastward, ultimately affecting … Read More

Reading the live cattle deliveries report from the CME Group can be daunting, but heavy deliveries are highlighting its importance this month. Even traders who have at one time or another made or received delivery of a live cattle futures contract can’t explain the whole thing.  Some said the rules for delivery of a CME … Read More

Managed money, a proxy for large commodity investment firms, expanded their collective net long live cattle futures position during the week ended Tuesday as hedgers grew their combined net short position. Both were the largest positions each class of traders had for more than a year. The data came from the Commodity Futures Trading Commission’s … Read More