Large commodity investment firms, otherwise known as managed money, cut their collective net long live cattle futures position in the week ended Tuesday as hedgers cut their net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report on Friday. Managed money’s new net long live cattle position amounted … Read More
Hog, Pork Markets Fraught With Uncertainty
Uncertainty and volatility in the wholesale pork market appear to be tearing at the fabric of butcher hog and feeder pig prices. The weekly pork cutout value from the USDA’s Agricultural Marketing Service and compiled by the Livestock Marketing Information Center in Denver, diverged from last year in the last week of March and have … Read More
Economist Sees Unusual Short-Term Beef Cut Price Spreads
Until sit-down restaurants are operating at pre-COVID levels, there likely will be differences in the spread between different primal cuts of beef, no matter the amount of cattle processed, said Brenda Boetel, agricultural economist at the University of Wisconsin—River Falls. Boetel made the comments in a letter to Extension Agents through the Livestock Marketing Information … Read More
Jorgensen Land & Cattle Top List Of Seedstock Producers
It’s pretty hard to make Beef Magazine’s “Beef Seedstock 100” list, but Jorgensen Land & Cattle near Ideal, SD, was at the top of the 2020 list with 3,901 Angus bulls sold last year. Chief Livestock Operations manager, Cody Jorgensen, said in an interview that all of the bulls the farm sells are tested for … Read More
Canada On Feed Numbers Remain Higher Than Last Year
The number of cattle on feed in Canada June 1 remained higher than last year and the previous five-year average after an uncharacteristic upturn a month earlier. The data came from CanFax, a private market advisory firm that collects the data from members in Alberta and Saskatchewan. The Livestock Marketing Information Center in Denver then … Read More
Funds Expand Net Long Cattle Position
Large commodity investment funds, called managed money, expanded their collective net long live cattle futures position to its largest in four months during the week ended Tuesday, extending their buying spree to five weeks. The information came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. Managed money’s new net long cattle … Read More
WASDE Raises 2020 Red Meat Production Forecast
The USDA’s Economic Research Service forecast for 2020 red meat and poultry production Thursday was raised from last month as higher expectations for beef, pork and broiler production more than offset ideas of lower turkey production. The new forecasts came from the monthly World Agricultural Supply and Demand Estimates report, which said the larger forecast … Read More