8-19-20 – The emergence of COVID-19 has created substantial challenges for all segments of the US meat supply chain, but especially for producers and consumers, the Federal Reserve Bank of Kansas City said in a report. Beginning in April, outbreaks of COVID-19 at meatpacking plants led to significant disruptions and created issues of oversupply and … Read More
Derecho Damage More Extensive Than Originally Thought
It took a while for grain traders and investors to realize the extent of the damage from the derecho that passed through the Midwest last week, but it’s clear now that the destruction was massive and widespread. Still, the full extent won’t be known until farmers try to harvest this crop, market analysts said. The … Read More
Funds Buy More Cattle Futures, Sell Corn
Large commodity investment firms, called managed money, continued to buy live cattle futures during the week ended Tuesday, taking them to their largest cumulative net long position since Feb. 4. The information came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. That report said managed money’s new net long live cattle … Read More
Q2 Farm Income, Credit Worsen: Federal Reserve Bank
Farm income and credit conditions in the Federal Reserve Bank’s tenth district deteriorated further in the second quarter, said a release from the Federal Reserve Bank of Kansas City. The Federal Reserve Bank’s tenth district encompasses Colorado, Missouri, Kansas, Nebraska, New Mexico, Oklahoma and Wyoming. Low commodity prices and concerns about the effects of the … Read More
USDA Trims Fat From 2020 Total Meat Production Estimate
The monthly 2020 USDA forecast for total meat production was lowered slightly from last month as decreases in pork production more than offset higher beef and poultry production. The monthly World Agricultural Supply and Demand Estimates report from the USDA’s Office of the Chief Economist showed that higher beef production largely reflected a faster pace … Read More
Kansas Feeders Sell Fewer Steers In June
June’s sales to beef packers from Kansas feedlots declined counter seasonally from May and came to a point that was lower than last year and the 2014-2018 average for the month. The information came from a Kansas State University Extension Service survey of selected feedlots across the state. This data then was compiled and extrapolated … Read More
Funds Keep Buying Cattle Futures
Large commodity investment firms, called managed money in the trade, extended their collective net long live cattle futures positions in the week ended Tuesday, Aug. 4, for the third straight week. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. Managed money’s new long live cattle position last Tuesday … Read More