November live cattle imports from Mexico rose in November, while those from Canada declined slightly, but both rates were above year-earlier numbers and below the 2010-2014 average. The USDA’s Economic Research Service and Foreign Agricultural Service put November live cattle imports from Mexico at 113,008 head, up 60,866, or 116.7%, in a seasonal spike from … Read More
Ice Storm Hits Plains Hard But Brings Moisture
Last weekend’s ice storm brought significant damage to parts of the Plains, but the weather generally was less severe than expected, and most areas received very beneficial rain totaling one to three inches. That moisture will help alleviate rapidly expanding drought conditions across the state, said Derrell Peel, Oklahoma State University Extension livestock specialist, in … Read More
Managed Money Expands Net Long Cattle Position
Managed money, or large commodity funds, expanded their net long live cattle futures positions for the ninth straight week to the largest position in more than a year in the week ended last Tuesday. The Commodity Futures Trading Commission Friday issued its weekly Commitments of Traders report showing the increase on Friday. The report also … Read More
USDA Raises Total Meat Production Estimate
The USDA Thursday raised its estimate of 2016 total red meat and poultry production from its December estimate. The new estimates came out in the monthly World Agriculture Supply and Demand Estimates report, which said the beef production estimate was The new estimates came out in the monthly World Agriculture Supply and Demand Estimates report, … Read More
US Red Meat Exports Surge In November
US red meat exports surged in November, highlighted by a new monthly volume record for pork exports and a 2 ½-year high for beef. Pork and beef exports exceeded year-ago levels by more than 20% in volume and value, according to USDA statistics that were compiled by the US Meat Export Federation. PORK EXPORTS … Read More
November Kansas Closeouts Sharply Lower
Kansas feedlot closeouts turned sharply lower in November and nearly matched 2015’s rate in a directionally seasonal move that still exceeded 2015 and the 2010-2014 average. Feedlot data was collected by Kansas State University economists from select feedlots around the state and extrapolated to come up with an estimate of average feedlot activity across the … Read More
Economist: More Calves Await Feedlot Placement
A glance at the numbers shows there still are lots of feeder cattle poised to head to the feed yards, said Nevil Speer, vice president of US operations for AgriClear Inc., in a market outlook for Beef Magazine. It appears there are plenty of calves that still need to make their way to the feedlot, … Read More