A Bloomberg story says retail beef prices soon will be lower because of an increase in US beef output, but retail prices already are below a year ago, according to the USDA’s Economic Research Service and the Bureau of Labor Statistics. The average price of beef at the meat case was 590.4 cents a pound … Read More
A Long Road To Getting US Beef Into China
While the possibility of exporting beef to China should be seen as very positive for US beef producers, there is a long way to go before the first loads cross the briny deep, said Josh Maples, assistant professor in the Department of Economics at Mississippi State University. Maples made the statement for the Livestock Marketing … Read More
Funds Go Long Cattle As Producers Go Short
Managed money, or large investment funds, again expanded their net long live cattle futures position to its largest in more than a year during the week ended Tuesday while commercial traders were the shortest they have been in more than a year. The Commodity Futures Trading Commission released the information in its weekly Commitments of … Read More
US Beef Exports Hold Above Year Ago, Average
The US remained a strong exporter of beef and beef variety meats in February. USDA Economic Research Service and Foreign Agricultural Service data show exports sagged a little more than is seasonal but remained well above last year and the 2011-2015 average. Imports also declined and did so at a steeper pace. US beef and … Read More
USDA Bumps Total Meat Production Estimate
The USDA Tuesday raised its forecast for total red meat and poultry production from last month as higher beef and turkey production estimates more than offset forecast reductions in pork production. The new estimates were made in the monthly World Agricultural Supply and Demand Estimates report from the USDA’s World Outlook Board. In the report, … Read More
February Kansas Feedlot Sales Decline
The number of fed cattle sold to packers by Kansas feedlots in February declined seasonally but remains above last year and the 2011-2015 average for the month, according to a Kansas State University poll of representative state feedlots. The K-State Extension Service surveys certain feedlots monthly and then extrapolates the results to arrive at calculated … Read More
Funds Expand Long Live Cattle, Trim Corn Short
Managed money, a proxy for large investment funds, expanded their net long live cattle futures positions during the week ended Tuesday to their highest point in more than a year as commercial traders enlarged their net short positions to their largest in more than 12 months. The Commodity Futures Trading Commission made the announcement in … Read More