The number of cattle in Alberta and Saskatchewan feedlots began to decline seasonally in May but the June 1 total remains elevated, according to data from CanFax. CanFax is a division of the Canadian Cattle Association. Each month it surveys members in the two Canadian provinces for production data. It shares the total on-feed total … Read More
Funds Sell Live Cattle Futures Again
For the fifth straight week, managed money, a proxy for large commodity index funds, shortened their collective net long live cattle futures position in the week ended Tuesday. At the same time, cash cattle traders, or commercial traders, lengthened their total net short position, according to data from the weekly Commitments of Traders report from … Read More
USDA Raises 2026 Red Meat, Poultry Production Estimate
The total US red meat and poultry production forecast for 2026 was raised from a month ago, as higher broiler production estimates more than offsets ideas of lower red meat production, the USDA’s National Agricultural Statistics Service said in its monthly World Agricultural Supply and Demand report Thursday. BEEF PRODUCTION ESTIMATE LOWERED The … Read More
Early Year Retail Sales Suggest Resilient US Economy
Retail sales across the entire US economy were resilient through the first four months of the year, but food sector sales beginning in March were advancing at a slower pace than was seen since the pandemic, said the Livestock Marketing Information Center in its Livestock Monitor. Economy wide, retail sales were up close to 5% … Read More
Resilience, Not Crisis, In US Agricultural Economy
Over the past few years, economic conditions in some segments of US agriculture have deteriorated, raising questions about the longer-term trajectory of the sector and the viability of many farms throughout the country. However, a Federal Reserve Bank bulletin said, the severity of current public narratives surrounding US agriculture diverges from the signals apparent in … Read More
China’s Importance In Global Beef Markets
Going from not being a player to the largest beef importer in the last two decades, China’s importance to world beef trade has exploded, said Derrell Peel, Oklahoma State University Extension livestock marketing specialist, in a letter called Cow-Calf Corner. Starting about 2013, rising beef consumption in China began to exceed domestic beef production leading … Read More
Managed Money Again Trims Long Live Cattle Position
For the fourth straight week, managed money, a proxy for large commodity index funds, trimmed their collective net long live cattle futures positions in the week ended Tuesday. At the same time, cash cattle traders, called commercial traders, cut their total net short live cattle futures position, according to data from Friday’s Commitments of Traders … Read More