Now is a good time for cow/calf producers to look at what the feeder cattle futures market has done the past several months and consider the spring marketing plan, said Tennessee State University Agricultural Economist Andrew Griffith in his weekly newsletter. Using the Jan contract, it is easy to see that the market has had … Read More
Cattle Futures Traders May Be Looking At Cold Storage
Live and feeder cattle futures traders may be looking at the USDA’s monthly Cold Storage report since prices recovered from an initial bearish reaction after their release on Friday. The Cold Storage report could be considered somewhat bullish rather than the monthly Cattle on Feed report or the quarterly Hogs and Pigs report, which held … Read More
2017 Cattle Feed Cost Outlook
Cattle producers were urged this week to take action now to pay particular attention to next year’s feed costs, since doing nothing could leave them with few chances to market cattle at a profit. Brian Williams, agricultural economist at Mississippi State University, said in in outlook report that despite improving cattle market fundamentals, the Livestock … Read More
Higher Choice Beef Demand Brings Industry Response
The eating quality of US grain-fed beef has been improving over the last 10 years partly because lower-quality beef has sold at a widening discount to average quality, said a beef cattle specialist with the Certified Angus Beef brand in a recent white paper. Paul Dykstra recently published the white paper, “Why quality grades are … Read More
Retail Meat, Poultry Prices Slipping
Retail meat and poultry prices in November declined with pork prices registering their largest month-to-month decline of the year, according to data from the USDA’s Economic Research Service. Data showed retail pork prices dropping $0.12 a pound, or 3.15%, to $3.63 a pound from $3.74 in October. (Prices have been rounded.) This was the largest … Read More
Canada Cattle On Feed Numbers Remain Sub-Par
The number of cattle in feedlots of 1,000 or more in the primary feeding provinces of Alberta and Saskatchewan remain below last year and the previous five-year average. According to the Livestock Marketing Information Center reporting CanFax data, which is delayed to the public on its official web site, the number of cattle populating the … Read More
Funds’ Long Live Cattle Position Largest In More Than A Year
Commodity funds, or managed money, increased their net long live cattle position for the fifth straight week during the week ended Tuesday to its largest position in more than a year. The Commodity Futures Trading Commission said in its weekly Commitments of Traders report Friday that commercial traders, those who actually own or handle the … Read More