The US inventory of all hogs and pigs on Dec. 1 was up from a year earlier, even as the breeding herd decreased, the USDA said in its December Quarterly Hogs and Pigs report. SWINE HERD GROWS The US inventory of all hogs and pigs on Dec. 1 was 75.545 million head, up … Read More
Frozen Red Meat Stocks Mixed; Chicken Stocks Rise
Total red meat supplies in US freezers on Nov. 30 were up about 1% from the previous month but down about 5% from last year, according to the USDA’s monthly Cold Storage report Tuesday. Total stocks of chicken were up slightly from the previous month and up about 1% from last year, the report said. … Read More
October Kansas Feedlot Closeouts Down
Feedlot sales of slaughter-ready cattle to beef packers from Kansas feedlots in October dropped seasonally and steer sales may have set the second lowest point in the year. The information was reported by the Livestock Marketing Information Center in Denver and was derived from data collected by the Kansas State University Extension service. The Extension … Read More
A Dive Into Cattle On Feed
As the dust settles on Friday’s December USDA Cattle on Feed report, industry consultant Nevil Speer said in an email that the report was “the definitive statement of slow placements.” Speer advised a strong risk-management strategy for cattle producers and growers to protect the investment equity. “Nothing really changes,” he said. “Until it does (and … Read More
Managed Money Ends Selloff, Gets Longer Cattle
Large commodity index funds, known as managed money, ended a six-week selloff of long live cattle futures positions and turned to extending their collective net long position in the week ended Tuesday, Dec. 9, according to Commodity Futures Exchange data. The CFTC still is catching up with delayed Commitments of Traders reports, set back by … Read More
Fed Steer, Heifer Dressed Weights May Be Topping
Fed steer and heifer dressed weights could be topping seasonally, heading for an annual trough in June 2026. That conclusion was drawn from a look at Livestock Marketing Information Center charts of USDA slaughter weight data that showed the seasonality of the dressed-weight trend. Charts of fed steer and heifer dressed weights show the strong … Read More
Beef Prices Remain Elevated
Wholesale beef prices remain elevated as consumers continue to pick up grocery offerings from the meat case. All primal cuts except ribeyes are higher in price than last year, and all are higher than the 2019-2023 average. In a Beef Magazine article Wednesday, industry consultant Nevil Speer said retail beef demand grew in the period … Read More