In the context of trading finished cattle to the packing house, a negative grid refers to a pricing mechanism used by packers to determine the value of the cattle based on certain predetermined criteria, said Narciso Perez, director of cattle operations for Zia Agricultural Consultants, in an email. It involves applying discounts to a negotiated … Read More
Funds Turn, Sell Cattle
During the week ended Tuesday June 20, managed money, a proxy for large commodity index firms, reduced their collective net long position in live cattle futures while cattle owners trimmed their total net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. FUNDS SELL CATTLE … Read More
Cold Storage Report Says Less Red Meat Stores, More Poultry
The USDA reported that total red meat supplies in US freezers on May 31 were down about 7% from the previous month and down about 11% from last year. Total pounds of beef in freezers were down about 6% from the previous month and down about 20% from last year. Frozen pork supplies were down … Read More
Beef Cow Herd Liquidation End May Be Near: Peel
Drought-forced beef cow herd liquidation has made the industry smaller than it needs, or planned, to be, said Oklahoma State University Livestock Marketing Specialist, Derrell Peel, said in a letter to Extension agents called Cow-Calf Corner. There will be strong market incentives to rebuild herds when it is possible to do so, he added. Recent … Read More
Cutter Cow Prices Well Over 2022, Average
For the last five weeks, cutter cow (90% lean) prices have been more than $90 per cwt on a live basis, said the Livestock Marketing Information Center in a market analysis called Livestock Monitor. This year started with a weekly price for cutter cows of $67.60 per cwt. It then climbed steadily into midyear, the … Read More
Canada Cattle On Feed Slightly Below Average
As of June 1, Canada’s population of cattle in feedlots was slightly less than the 2017-2021 average and on course to follow the seasonal trend downward. The data came from CanFax, a private market advisory firm located in Calgary, Alberta. The data is from member feedlots in Alberta and Saskatchewan. Most of the gathered information … Read More
Managed Money Buys Cattle, Corn
Large commodity index firms, better known as managed money, padded their collective net long live cattle position during the week ended last Tuesday, June 13, as cattle owners increased their total net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments Of Traders report on Friday. FUNDS GET LONGER CATTLE … Read More