The USDA’s monthly forecast for 2022 red meat and poultry production was raised from last month as higher beef, broiler and turkey forecasts for the fourth quarter were partly offset by a lower pork production forecast. The new predictions came in the monthly World Agricultural Supply and Demand Estimates report Friday, which included production estimates … Read More

Large commodity investment funds, known as managed money, nudged their collective net long live cattle futures position higher in the week ended Tuesday as hedgers did the same to their total net short position. The Commodity Futures Trading Commission revealed the changes in its weekly Commitments of Traders report Friday.   FUNDS BUY CATTLE   … Read More

October US pork exports were the largest in more than a year, while beef export volume also increased from a year ago, according to data released by USDA and compiled by the US Meat Export Federation. USMEF President and CEO Dan Halstrom said in a release that October’s pork results were bolstered by outstanding growth … Read More

As 2022 draws to a close, beef and pork cutout values are deflating a little sooner than normal, according to USDA Agricultural Marketing Service data compiled and graphed by the Livestock Marketing Information Center in Denver. Wholesale prices for both meats tend to soften seasonally since retail grocers and restaurant buyers have their year-end needs … Read More

Unlike the two most recent presidential elections, the November mid-term election outcomes did little to swing farmer sentiment, Purdue University Agricultural Economist James Mintert said in a release. The Ag Economy Barometer is calculated each month from 400 US agricultural producers’ responses to a telephone survey, the release said.  This month’s survey was conducted after … Read More

Late November and early December often isn’t a notable time in cattle markets, but there are some indications a strong counter-seasonal year-end is in store for the cattle markets. In a letter to Extension agents published by the Livestock Marketing Information Center, Colorado State University Agricultural Economist Stephen Koontz said some events of the last … Read More

Managed money, a proxy for large commodity index funds, trimmed their collective net long live cattle futures position in the week ended Tuesday as hedgers pared their total net short positions. The data came from Friday’s weekly Commitments of Traders report from the Commodity Futures Trading Commission.   MANAGED MONEY TRIMS CATTLE POSITION   Managed … Read More