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 Struggle With Winter’s Blast: Peel
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
Live Cattle Delivery Report Decoded
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
Funds Get Longer Live Cattle; Hedgers Get Shorter
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
Federal Reserve Bank: Q4 Farm Income Rebounds
Prospects for farm income and agricultural credit conditions rebounded sharply in the fourth quarter of 2020, after a survey of farm lenders. The average price of corn, soybeans and wheat increased more than 20% from the previous quarter, and reached six-year highs in December. Livestock prices, while still less than a year ago, also improved … Read More
FAS: China Feed Demand Shifting To Wheat, Rice
The USDA’s Foreign Agricultural Service, Global Market Analysis report Tuesday said that with record corn imports forecast this month at 24.0 million tonnes for 2020/21, China’s demand for feedstuffs continues to rise as its swine herd recovers from African Swine Fever. HIGH CORN PRICES SUPPORT SUBSTITUTION High corn prices are supporting record feed … Read More
USDA Ups Red Meat, Poultry Production Estimate
The USDA Tuesday raised its estimate of 2020 red meat and poultry production from the January report and raised its estimate of 2021 production. The new estimates came in the USDA’s monthly World Agricultural Supply and Demand Estimates report and showed lowered production estimates only for 2020 beef. All other meat types showed increases in … Read More