The 2022 USDA forecast for total red meat and poultry production was lowered from last month, as reduced forecasts for pork and poultry offset a higher forecast for beef, the USDA said in Friday’s monthly World Supply and Demand Estimates report.   BEEF PRODUCTION FORECAST RAISED   The beef production forecast was raised 140 million … Read More

The 2022 USDA forecast for total red meat and poultry production was lowered from last month, as reduced forecasts for pork and poultry offset a higher forecast for beef, the USDA said in Friday’s monthly World Supply and Demand Estimates report.   BEEF PRODUCTION FORECAST RAISED   The beef production forecast was raised 140 million … Read More

US beef exports posted another strong performance in February, according to data released by USDA and compiled by the US Meat Export Federation, led by excellent value growth in key Asian and Latin American markets. The USMEF added in a release that February pork exports trended lower year-over-year, as larger shipments to Mexico and Japan … Read More

Declining beef and pork production may offset increased broiler production and lead to a decrease in total 2022 meat output, said Oklahoma State University Livestock Marketing Specialist Derrell Peel, in a letter to Extension agents called Cow-Calf Corner. The latest forecasts from the Livestock Marketing Information Center suggested red meat and poultry production will total … Read More

The monthly Purdue University/CME Group Ag Economy Barometer dipped to a reading of 113 in March, down 12 points from February and 36% lower than March 2021, marking the weakest farmer sentiment reading since May 2020, in the early days of the pandemic, said Purdue University Agricultural Economist James Mintert, in a release. The Ag … Read More

For livestock producers not comfortable with the futures market, the USDA has Livestock Risk Protection insurance, meant to ensure a bottom-line price for a specified period of time. LRP-feeder cattle, for instance, is a federally backed product that provides protection against prices falling below the target level of the policy at the expiration date. Similar … Read More

Managed money, a proxy for large commodity investment funds, increased their collective net long position in live cattle futures as hedgers boosted their total net short position. The information came from the weekly Commitments of Traders report from the Commodity Futures Trading Commission.   MANAGED MONEY GETS LONGER CATTLE   As of Tuesday, managed money … Read More