It will take several months for feedlots to work through their June 1 record inventory, and the longer it takes, the more sudden and dramatic the inevitable decline will be, said Oklahoma State University Livestock Marketing Specialist Derrell Peel, said in a newsletter to Extension agents called Cow-Calf Corner. Feedlot numbers are declining seasonally with … Read More

The number of cattle in Canadian feedlots on June 1 continued a seasonal decline, although at a higher level than either last year or the 2016-2020 average, according to data from CanFax, a private Canadian consulting firm. CanFax collects the data from member feedlots in Alberta and Saskatchewan each month and then releases the data … Read More

For the second straight week, large commodity index funds, known as managed money, increased their collective net long live cattle futures positions, according to Commodity Futures Trading Commission data. At the same time, hedgers, known as commercial traders because they deal mostly in the cash market and use the futures market to hedge their cash … Read More

Thursday’s monthly USDA Cold Storage report was hard to interpret.  Stocks of meat and poultry were down from a month earlier but up from the pandemic-laden 2021. Consumers were buying meat last month in spite of inflation, but it’s hard to say they were cutting back from last year. Total red meat supplies in freezers … Read More

Is inflation starting to eat into beef retail and wholesale markets beyond anecdotal observations?  A graph of choice boxed-beef cutout values might say so. The graph also could show positively that federal government stimulus checks last year created, or allowed, unusual buying interest at the retail level.  It’s hard to say that more money made … Read More

Consumer beef buying interest is holding strong in the face of inflation, held up by rising prices for competing proteins, said Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, said in a letter to Extension agents called Cow-Calf Corner. In the first quarter of 2022, retail and wholesale beef prices were sharply higher compared … Read More

Managed money, a proxy for large commodity investment funds, bought live cattle futures again during the week ended last Tuesday, June 14, as hedgers sold live cattle futures, the Commodity Futures Trading Commission said Friday in its weekly Commitments of Traders report.   MANAGED MONEY GETS LONGER CATTLE   As of last Tuesday, managed money … Read More