Canada’s cattle on feed on March 1 totaled 1.015 million head, down from a year earlier but more than the 2018-2022 average, according to data from CanFax that was compiled and published by the Livestock Marketing Information Center in Denver. CanFax, a private market advisory firm, collects data from members in Alberta and Saskatchewan monthly. … Read More
Feeder Cattle Imports
After becoming one of the major US beef export destinations about 25 years ago, the last dozen years have shown greater market evolution, said Derrell Peel, Oklahoma State University Extension livestock marketing specialist, in a letter called Cow-Calf Corner. Mexico now is one of the US’ major beef trading partners as the market evolved from … Read More
Frozen Red Meat, Poultry Stocks Down/
Total red meat supplies in freezers on Feb. 29 were down about 4% from the previous month and down about 13% from last year, according to the USDA’s monthly Cold Storage report Monday. Total frozen poultry supplies on Feb. 29, were down about 1% from the previous month and down about 5% from a year … Read More
Managed Money Trims Net Long Cattle Position
Large commodity index funds, known as managed money, trimmed their collective net long live cattle futures position in the week ended Tuesday as hedgers cut their total net short position, The information came from the weekly Commitments of Traders report from the CFTC Friday. The CFTC publishes its report weekly with information based on the … Read More
Census Of Agriculture Shows Fewer US Cattle Farms
February’s 2022 Census of Agriculture from the USDA’s National Agricultural Statistics Service provided some insight into the changing structure of cattle agriculture. DWINDLING FARMS Writing for the Livestock Marketing Information Center’s In the Cattle Markets, Matthew Diersen, risk and business management specialist at South Dakota State University, said, in 2022 there were 732,123 … Read More
FAS: EU Pork Supply To Rebound While Beef Declines
While EU beef production is forecast to decline further in 2024 because of structural unprofitability and mounting environmental regulations, the EU pork supply is projected to rebound in 2024, said the USDA’s Foreign Agricultural Service in Europe in a semi-annual report. SWINE HERD REBUILDING That forecast was based on the Eurostat December census, … Read More
Retail Beef Price Gains Stalling?
Over the last 14 years, USDA-reported average retail beef prices have risen more rapidly than retail prices for either pork or chicken, according to monthly data kept and compiled by the Livestock Marketing Information Center in Denver. Retail prices for pork also have risen over the period, but the bulk of the changes came in … Read More