The number of cattle populating Canada’s feedlots as of Dec. 1 was below a year ago for only the second time this year as November placements put in their seventh month of the year with lower numbers than in 2019. The data came from CanFax, a private market statistics and market advisory group. CanFax gathers … Read More
Funds Trim Long Cattle Position
Managed money, a moniker for large commodity index funds, trimmed their collective net long live cattle futures position for the second straight time in the week ended Tuesday, as hedgers expanded their collective net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. FUNDS TRIM CATTLE … Read More
USDA Keeps Total 2020 Meat Production Estimate Near Steady
The USDA’s monthly estimate of total 2020 red meat and poultry production was little changed from last month as forecasts for higher beef and pork production nearly offset expected lower poultry production. The new estimates came in the USDA’s monthly World Agriculture Supply and Demand Estimates report Thursday. The new estimate for 2021 red meat … Read More
October Beef Variety Meat Exports Decline, Drag On Total
US exports of pork and beef muscle cuts were strong in October, although shipments of beef variety meats trended lower and drug the total slightly lower, according to data released by the USDA and compiled by the US Meat Export Federation. “While the tight labor situation continues to limit the cut and variety meat specifications … Read More
Cattle Value Discovery Is Possible With USDA’s Help
While many cattle feeders and beef packers are using USDA price reports to figure out what fed cattle are worth, many seem to be avoiding them. The hue and cry over fed cattle price discovery has increased over the last several years as a smaller percentage of them are sold on the open market. But … Read More
October Kansas Feedlot Closeouts Nose Dive
As expected, Kansas feedlot sales to packers, called closeouts as the cattle are closed off the books for the feedlot, plummeted in October, according to data collected by the Kansas State University Extension Service and compiled and released by the Livestock Marketing Information Center in Denver. UNUSUAL MOVES Feedlot closeouts of fed steers … Read More
Funds Hold Cattle Position Nearly Flat
Managed money, a proxy for large commodity index funds, held their collective net long live cattle position nearly steady in the week ended Tuesday, while hedgers moved the bar on their net short positions only slightly as well. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. FUNDS … Read More