The USDA’s 2020 total red meat and poultry production forecast was raised from last month despite a lower outlook for pork. The data came from the USDA’s monthly World Agricultural Supply and Demand Estimates report Friday. This year’s beef production forecast was raised from the September report on higher expected second-half cattle slaughter, the report … Read More
August Kansas Feedlot Marketings Rise
August sales of fed cattle to beef packers from Kansas feedlots rose again to nudge out year-earlier sales for this year’s monthly high. The data came from a monthly survey of select Kansas feedlots by the Kansas State University Extension Department. The data was then compiled and extrapolated by the Livestock Marketing Information Center in … Read More
August Beef, Pork Exports Above Last Year
August exports of US beef and pork muscle cuts were above last year’s strong volumes, according to data released by the USDA and compiled by the US Meat Export Federation. Variety meat exports were lower than a year ago, partly because of a lack of available labor required to harvest and export some items, the … Read More
Dry Soils Threaten Winter Grazing
Most of western Oklahoma has received little or no moisture in the past two to three weeks advancing drought conditions once again and threatening winter grazing, said Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, in a letter to Extension Agents called Cow/Calf Corner. From the worst levels in early July, drought conditions in … Read More
FAS Report Says US Exports Facing Brazilian Competition
A recent report from the USDA’s Foreign Agricultural Service called “China: Evolving Demand in the World’s Largest Agricultural Import Market,” said from January through July, US agricultural exports to China still were 16%, or $1.3 billion below the same period in 2017, largely because of lagging soybean shipments. The report was published by the Illinois … Read More
Funds Take On Longer Cattle Position
10-5-20 – Large commodity index funds, known as managed money, took on a larger cumulative net long live cattle futures position in the week ended Tuesday, taking them to their largest position in five weeks. The information came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. Managed money’s new net long … Read More
Choice/Select Beef Spread Narrowing
This year’s consumer rush to buy high-quality beef may be pausing, implying the beef and cattle markets may be topping, an analyst said. Alternatively, it could mean that seasonal demand for high-quality choice beef hasn’t kicked in yet or that pre-emptive seasonal buying by retail grocers and others ahead of the holiday is over, the … Read More