The new 2020 forecast for total red meat and poultry production was raised from last month on a larger forecast for beef, pork and broiler production, Tuesday’s World Agricultural Supply and Demand Estimates report said. Livestock and poultry trade estimates for 2019 were adjusted to reflect December trade data.   BEEF PRODUCTION ESTIMATE MOVES HIGHER … Read More

Kansas feedlots finished 2019 by selling more fed cattle to packers in December than they did in November, but the pace of sales remained below December 2018 and the 2013-2017 average. The data came from a survey of selected feedlots around the state by the Kansas State University Extension Service.  This data then was extrapolated … Read More

Large commodity investment firms, known as managed money, liquidated live cattle futures contracts aggressively during the week ended Tuesday, the second straight week of selling after hitting a one-month high Jan. 21. The data came from the Commodity Futures Trading Commission in its weekly Commitments of Traders report Friday.  The report went on to show … Read More

US pork exports last year posted new volume and value records, reaching nearly $7 billion, while beef exports came in below 2018’s record levels, according to data released by the USDA and compiled by the US Meat Export Federation.   PORK EXPORTS SOAR   December pork and pork variety meat exports soared to 282,145 tonnes, … Read More

While overall beef demand over the last 10 years, there is evidence that consumers are willing to pay premiums for specific traits and the type and location of production, said Elliot Dennis, livestock marketing economist at the University of Nebraska, Lincoln. Dennis made the comments in a letter to Extension agents from the Livestock Marketing … Read More

There was a sharp rise in agricultural producer sentiment in January as the Purdue University/CME Group Ag Economy Barometer rose 17 points from December to a reading of 167, a Purdue University release said. Although the Index of Current Conditions essentially was unchanged, up one point to a reading of 142, the Index of Future … Read More

The trade-enhancement agreement with Japan that lowers agricultural tariffs in Japan, signing of the US-Mexico-Canada (Trade) Agreement and the Phase 1 trade agreement with China have been positive developments for US farmers, even though commodity market reaction has been muted. That statement came from Keith Good, social media manager for the University of Illinois Farmdoc … Read More