The US inventory of all hogs and pigs on June 1 was about 73.7 million head, said the USDA’s National Agricultural Statistics Service in its Quarterly Hogs and Pigs report Friday. That was down slightly from June 1, 2025, and down slightly from March 1, 2026. TOTAL INVENTORY DOWN The USDA said the … Read More
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Managed Money Expands Net Long Live Cattle Position
Large commodity index funds, known as managed money, expanded their collective net long live cattle futures in the week ended Tuesday as cash cattle traders increased their total net short positions. The data came from the weekly Commitments of Traders report from the Commodity Futures Trading Commission Friday. FUNDS BOOST LONG POSITION Tuesday, … Read More
Frozen Red Meat Stocks Down Slightly; Poultry Up
The USDA’s monthly Cold Storage report Thursday revealed that total red meat supplies in freezers on May 31 were down slightly from the May report and down about 1% from last year. Total frozen poultry supplies on May 31 were up about 4% from the previous month and up about 2% from a year ago. … Read More
Lower Feed Prices Signal Better Feedlot Margins
Currently, corn, soybeans and wheat futures are off substantially from their May highs, presenting cattle feeders with improved feeding margins, said Stephen Koontz, agricultural economist at Colorado State University, in a Livestock Marketing Information Center letter called In The Cattle Markets. Those changes all occurred well ahead of the USDA Acreage report due out at … Read More
NWS Brings Good, Bad Prospects
For many months, cattle producers and markets have operated under the threat of New World Screwworm coming to the US. Now that it’s here, the industry can get on with the reality of dealing with it. In an Oklahoma State University letter called Cow-Calf Corner, Extension Livestock Marketing Specialist Derrell Peel went on to say … Read More
Choice/Select Spread Widening Rapidly
In the last five weeks the difference between USDA-listed average weekly prices of choice and select beef, called the choice/select spread, widened sharply. In the first weeks of April and May, the choice/select spread were inverted, meaning the lower-eating-quality select beef was higher in price than the better-eating choice beef. But, in the last five … Read More
Beef Production Has Seasonal Trends
Beef production has an important seasonal nature that cattle production systems, feeding and finished weights have not eliminated, said Texas A&M Agricultural Economist David Anderson said in a Livestock Marketing Information Center letter called In The Cattle Markets. That seasonality contributes to the supply side of seasonal beef prices, Anderson said. And, it looks like … Read More