Managed money, a moniker for large commodity index funds, boosted their collective net long live cattle futures position in the week ended last Tuesday, Nov. 22, as hedgers upped their total net short ante. The data was from the Commitments of Traders report issued by the Commodity Futures Trading Commission. The report usually is released … Read More
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Data Suggest Certified Calf Preconditioning Pays
Data from Oklahoma State University suggest that calves enrolled in a verifiable preconditioning program are likely to bring premiums over those not enrolled in any program. The data showed that calves in the Oklahoma Quality Beef Network Vac-45 preconditioning protocol received premiums averaging $12.55 per cwt over the 2011-2021 period, said Paul Vining, Oklahoma Quality … Read More
Beef Demand Holding Steady
It looks like beef demand is holding steady, said Derrell Peel, Oklahoma State University Extension livestock marketing specialist, in a newsletter to Extension agents called Cow-Calf Corner. “Demand” considers retail prices as well as the quantity of consumption, Peel said. “The all-fresh retail beef price in October was $7.25 a pound, down slightly from $7.32 … Read More
Red Meat, Chicken Stocks Up From 2021
Total red meat supplies in freezers on Oct. 31 were down about 4% from the previous month but up about 11% from last year, the USDA’s National Agricultural Statistics Service said in its monthly Cold Storage report Tuesday. Frozen pork supplies were down about 5% from the previous month but up about 16% from last … Read More
Boxed Beef Above Average, Below Last Year
The wholesale value of boxed beef remains elevated by historical standards but is below last year where it may stay. USDA Agricultural Marketing Service data compiled and graphed by the Livestock Marketing Information Center in Denver showed last week’s weekly negotiated boxed beef cutout value for choice 600- to 900-pound carcasses to be $263.27 per … Read More
Funds Liquidate Long Cattle Positions
Large commodity index funds, known as managed money, Tuesday had a lower collective net long live cattle futures position than they had a week earlier as hedgers trimmed their total net short position for the third straight week. The data came from the weekly Commitments of Traders report Friday from the Commodity Futures Trading Commission. … Read More
Cattle Markets; How We Got Here
All sectors of the cattle and beef industry have evolved significantly over time, and many producers feel left out of a true market for their cattle. Addressing those feelings, Agricultural Economists Derrell Peel from Oklahoma State University and John Anderson of the University of Arkansas, penned an article for the Livestock Marketing Information Center discussing … Read More